This document provides a review on the importance of microalloying in steel. It discusses how microalloying with elements like vanadium, niobium, and titanium in small amounts can significantly improve the strength and toughness of steel. Microalloy steels, also known as high-strength low-alloy steels, make up around 12% of total world steel production. The document outlines the history of microalloying steel development and explains the metallurgical factors and roles of different microalloying elements. Key benefits of microalloy steels include fabrication cost savings due to reduced steel needs and improved weldability.