HAZ impact toughness of Ti-oxide steel was investigated and compared to that of a conventional Ti-nitride steel. Toughness variations of each steel with weld peak temperatures and cooling rates were interpreted with microstructural transformation characteristics. In contrast to Ti-nitride steel showing continuous decrease in HAZ toughness with peak temperature, Ti-oxide steel showed increase in HAZ toughness above $1400^{circ}C$ peak temperature. The HAZ microstructure of the Ti-oxide steel is characterized by the formation of intragranular ferrite plate, which was found to start from Ti-oxide particles dispersed in the matrix of the steel. Large austenite grain size above $1400^{circ}C$ promoted intragranular ferrite plate formation in Ti-oxide steel while little intragranular ferrite plate was formed in Ti-nitride steel because of dissolution of Ti-nitrides. Ti-oxides in the Ti-oxide steel usually contain MnS and have crystal structures of TiO and/or $Ti_2O_3$.