A set of integrated mathematical models for predicting microstructures evolution during hot rolling and controlled cooling of high carbon wire rods has been developed through laboratory research work and industrial validation experiments. It consists of many sub-models such as critical strain, static and dynamic recrystallization of austenite, fraction of transformed austenite, interlamellar spacing of pearlite, microstructure-property relations. Based on the models, a simulating software is programmed which can run on PC computers. The physical metallurgy process during hot rolling and controlled cooling including the temperature distribution, the evolution of austenite grains, fraction of transformation austenite, final microstructure and mechanical properties were predicted. The predicted results are agree well with measured of the industrial tests.