Effect of controlled rolling and cooling process on the mechanical properties of low carbon cold forging steel was investigated for different processing parameters of a laboratory hot rolling mill. The results show that the specimens with fast cooling after hot rolling exhibit very good mechanical properties, and the improvement of the mechanical properties can be attributed mainly to the ferrite-grain refinement. The mechanical properties increase with decreasing final cooling temperature within the range from 670 ℃ to 570 ℃ due to the finer interlamellar spacing of pearlite colony. The specimen with fast cooling after low temperature rolling shows the highest values of the mechanical properties. The effect of the ferrite grain size on the mechanical properties was greater than that of pearlite morphology in the present study. The mechanical properties of specimens by controlled rolling and cooling process without thermal treatment were greatly superior to that of the same specimens by the conventional rolling, and their tensile strength reached 490 MPa grade even in the case of low temperature rolling without controlled rolling. It might be expected to realize the substitution medium-carbon by low-carbon for 490 MPa grade cold forging steel with controlled rolling and cooling process. Effect of controlled rolling and cooling process on the mechanical properties of low carbon cold forging steel was investigated for different processing parameters of a laboratory hot rolling mill. The results show that the specimens with fast cooling after hot rolling exhibit very good mechanical properties, and the improvement of the mechanical properties can be attributed mainly to the ferrite-grain refinement. The mechanical properties increase with decreasing final cooling temperature within the range from 670 ° C to 570 ° C due to the finer interlamellar spacing of pearlite colony. The specimen with fast cooling after The effect of the ferrite grain size on the mechanical properties was greater than that of pearlite morphology in the present study. The mechanical properties of specimens by controlled rolling and cooling process without thermal treatment were greatly superior to that of the same specime ns by the conventional rolling, and their tensile strength reached 490 MPa grade even in the case of low temperature rolling without controlled rolling. It might be expected to realize the substitution medium-carbon by low-carbon for 490 MPa grade cold forging steel with controlled rolling and cooling process.