The structure and mechanical properties of rolled sheets with a thickness of 40 mm made of lowcarbon low-alloyed steel after thermomechanical treatment of different modes are investigated. The structural factors that affect obtaining high mechanical properties are established. It is shown that a complex treatment including quenching from the rolling temperature and high-temperature tempering with a subsequent additional cycle of quenching and tempering leads to formation of rolled sheet uniform over the cross section with a fragmented bainite structure with disperse niobium carbides and carbides of cementite type. Such structure provides a yield strength of no less than 630 MPa in combination with high values of the impact energy at negative temperatures and a level of plasticity of δ ≈ 20%.