The paper describes an application of nondestructive volumetric magnetic and ultrasonic techniques for evaluation of the selected mechanical parameter variations of P91 steel having direct influence on its suitability for further use in critical components used in power plants. Two different types of deformation processes were carried out. First, a series of the P91 steel specimens was subjected to creep and second, one to plastic deformation in order to achieve the material with an increasing strain level up to 10%. Subsequently, non-destructive and destructive tests were performed. Magnetic methods based on measurements of magnetoacoustic emission and magnetic hysteresis loop changes as well as the ultrasonic method based on acoustic birefringence measurements, were applied. Finally, the static tensile tests were carried out in order to evaluate the mechanical parameters. It is shown that some relationships between the selected parameters coming from the non-destructive and destructive tests may be formulated.