The tendencies of development within the field of engineering materials show a persistent trend towards the increase of strength and toughness. This pressure is particularly pronounced in the field of steels, since they compete with light alloys and composite materials in many applications. The improvement of steels' mechanical properties is sought to be achieved with the formation of exceptionally fine microstructures ranging well into the nanoscale, which enable a substantial increase in strength without being detrimental to toughness. The preferred route by which such a structure can be produced is not by applying the external plastic deformation, but by controlling the phase transformation from austenite into ferrite at low temperatures. The formation of bainite in steels at temperatures lower than about 200 • C enables the obtainment of the bulk nanostructured materials purely by heat treatment. This offers the advantages of high productivity, as well as few constraints in regard to the shape and size of the workpiece when compared with other methods for the production of nanostructured metals. The development of novel bainitic steels was based on high Si or high Al alloys. These groups of steels distinguish a very fine microstructure, comprised predominantly of bainitic ferrite plates, and a small fraction of retained austenite, as well as carbides. The very fine structure, within which the thickness of individual bainitic ferrite plates can be as thin as 5 nm, is obtained purely by quenching and natural ageing, without the use of isothermal transformation, which is characteristic for most bainitic steels. By virtue of their fine structure and low retained austenite content, this group of steels can develop a very high hardness of up to 65 HRC, while retaining a considerable level of impact toughness. The mechanical properties were evaluated by hardness measurements, impact testing of notched and unnotched specimens, as well as compression and tensile tests. Additionally, the steels' microstructures were characterised using light microscopy, field emission scanning electron microscopy (FESEM) and high-resolution transmission electron microscopy (HRTEM). The obtained results confirmed that the strong refinement of the microstructural elements in the steels results in a combination of extremely high strength and very good toughness.