The kinetics of growth of austenite grains during heating, the features of the processes of dynamic and static recrystallization occurring under various temperature-deformation regimes of hot plastic deformation have been studied. Phase transformations have been studied during continuous cooling of hot-worked austenite in a low-carbon low-alloy steel with a guaranteed yield strength of 890 MPa. As a result, the boundary temperature-deformation conditions for the formation of a finely dispersed bainite-martensite structure were established, on the basis of which technological modes for the production of thick-plate rolled products in industrial conditions were developed. The structure and properties of rolled sheets 35 mm thick from shipbuilding sparingly alloyed steel of strength level 890 are presented.