In this paper, the low cycle fatigue behaviour of MarBN steels at elevated temperatures is discussed. Four cyclic loading waveforms were applied to investigate both the mechanical and microstructural features. The mechanical results exhibit continuous cyclic softening and decelerated stress relaxation, recoverable viscoelasticity at both short and long time scales and irrecoverable viscoplastic mechanisms. Detailed microstructural characterisation was also conducted to investigate the rupture behaviour of the investigated steel. The microstructural findings indicate typical transgranular and ductile fracture behaviour, extensive sub-grain formation and structural refinement as well as significant decrease in hardness close to the fracture surface.