The paper analyses the possibility of using analytical methods of notch stress-strain correction in low-cycle fatigue life predictions of steam turbine rotors operating under non-isothermal conditions. The assessment was performed by comparing strain amplitudes calculated using the Neuber and Glinka-Molski methods and those predicted by the finite element analysis (FEA) employing elastic-plastic material model. The results of investigations reveal that the Neuber method provides an upper bound limit, while the Glinka-Molski method results in a lower bound limit of strain amplitude. In the case of rotor heat grooves, both methods provide equally accurate results of notch strain amplitude and are suited to estimating lower and upper bound limits of low-cycle fatigue life under non-isothermal conditions.