Deformation of steel parts is accompanied by either heating or cooling of particular zones depending on deformation mechanism. The use of infrared thermographic equipment allows analyzing spatial/temporal temperature distributions on the surface of steel parts thus allowing the evaluation of heat release caused by deformation in bulk material. Determination of stressed state in critical parts by analyzing infrared thermograms can be most simply conducted for components subjected to uniaxial tension–compression. The paper describes some potentials and problems of nondestructive testing of steel parts and constructions based on the analysis of heat release caused by deformation. By analyzing this methodology, it is possible to better evaluate the life expectancy of critical parts in steel structures (components of offshore oil platforms, seismic-resistant buildings, frames of large mining trucks, etc.).