The results of laboratory and production experiments showed that the main condition for providing the necessary combination of properties of two-phase ferritic-martensitic steels (high tensile strength, low yield strength, high plasticity and work hardenability) is obtaining the specified quantity of the hardening phase (martensite) in the structure (20–28% M to obtain σt ≥ 550 MPa or 10–18% M for σt ≥ 450 MPa). The specified ratio of the structural constituents under conditions of mass production of two-phase ferritic-martensitic steels may be guaranteed only with the use of steels containing carbon and alloy elements within the necessary limits and also with strict observance of the heat-treatment cycle. Without the use of metallographic measurements as the criteria for obtaining the optimum structural condition in addition to the required values of strength and plasticity it is necessary to use the σ0.2/σt ratio, which must not be greater than 0.5–0.6 with the absence of yield points on the tensile curve (without special temper rolling).