A transmission electron microscopy (TEM) study was conducted on nanoprecipitates formed in Ti microalloyed TRIP assisted steels, revealing the presence of Ti(N), Ti 2 CS, and a novel type of ultra-fine Fe(C) precipitates. The matrix/precipitate orientation relationships, sizes and shapes were investigated in detail. The ultrafine, disc-shaped Fe(C) precipitates have sizes of 2-5 nm and possess a hexagonal close packed (hcp) crystal structure with lattice parameters a = 5.73 ± 0.05 Å, c = 12.06 ± 0.05 Å. They are in a well-defined Pitsch Schrader (P-S) orientation relationship with the basal plane of the precipitate parallel to the [110] habit plane of the surrounding body centred cubic (BCC) ferritic matrix. Detailed analysis of precipitate distribution, orientation relationship, lattice mismatch, and inter-particle spacing suggest that these ultrafine precipitates contribute considerably to the strengthening of these steels.