In drop forging of parts for the transport industry the classical quen
ch and tempering (QT) of alloyed steels is nowadays substituted by dir
ect continuous cooling (CC) of microalloyed steels with elimination of
quench cracking and expensive straightening and stress relieving cycl
es. Nevertheless, there are some limitations on strength and toughness
achievable by this technique. On two commercial medium carbon (0.3%C)
steels microalloyed with vanadium or vanadium and titanium, modified
forging parameters and a new two-step cooling (TSC) strategy combined
with an additional annealing were applied. Some increase in manufactur
ing costs, when compared to CC, can be justified by a significant incr
ease in strength and ductility. The improvements attainable through su
ch a modified treatment give evidence of the large potential of multi-
phase ferrite-containing microstructures as a substitute of a tempered
martensite.