A B S T R A C TThe effect of different thermomechanical treatments, i.e., ausforming and tempforming, on the microstructure and mechanical properties including impact fracture behavior of high-strength low-carbon S700MC-type steel was investigated. The tempforming resulted in the development of ultrafine grained elongated grain microstructure with the transverse grain size of 530 nm, whereas the ausforming led to the formation of typical tempered martensite structure with a distance between high-angle boundaries of 1.5 µm. The tempered microstructures involved the formation of carbides with an average particle size about 50 nm and M(C, N)-type carbonitrides with average size of 10 nm. The tempformed steel exhibited the ultimate tensile strength of 1110 MPa and the impact toughness, KCV, above 450 J/cm 2 at a temperature of 293 K, and KCV of 109 J/cm 2 at liquid nitrogen temperature for impact direction perpendicular to rolling plane. In contrast, KCV of the ausformed steel was 180 and 10 J/cm 2 at 293 and 77 K, respectively. The enhancement of toughness was associated with delamination cracks which occurred in the ultrafine elongated grain structure with anisotropic properties.