The high strength low alloy(HSLA) steels microalloyed with Nb, Ti and V have been widely used as the automobile parts to decrease weight of vehicles. The effects of process conditions are investigated in the aspects of the precipitation behavior and the mechanical properties of HSLA steel microalloyed with Nb and Ti using TEM, SANS and mechanical testing. When Ti was added to a 0.07C-1.7Mn steel which was coiled at $500^{circ}C$, the specimen revealed the property of higher tensile strength of 853.1 MPa and the stretch-flangeability of 60%. The stretch-flangeability was increased up to 97.8% for coiling temperature above $700^{circ}C$. The precipitation hardening cannot be achieved in the 0.045C-1.65Mn steel which was the lower density of fine precipitates. However, the 0.07C-1.7Mn steels containing Nb and/or Ti which was coiled at X$/^{circ}C$ have a high precipitates density of $2${ imes}$10^{ 5}$</TEX>/$mu$㎥. The high strength of these steels was attributed to the precipitation hardening caused by a large volume froction of (Ti, Nb)C precipitates with a size below 5 nm in ferrite matrix.