The paper presents test results of a new quality of a special rutile electrode, with a core of flux-cored wire made from local raw materials, based on analyzing mechanical properties and microstructure of the weld metal in MMA welding. The base metal for experimental welding was microalloyed steel marked J55 (thickness 7.0 mm) according to API Spec 5L standards (EN 10113-3. and JUS C.B0 502) which was produced in Smederevo steelworks. For experimental welding a special electrode IHIS E 35 R-2 was used, with a medium thickness rutile coating, a core of flux-cored wire and Ni content of 2.5%. The results of the analyzes indicate that the new quality special rutile electrode with the flux-cored wire core provides good structural and mechanical properties of weld metal in microalloyed steel welded joints.