This work studies the influence of Mn and the V/N ratio on the toughness of 38MnV7 steel. Four steels with different Mn, N and Ti contents were studied. Lowering the Mn content to approximately 1.5% considerably enhanced toughness by reducing Mn segregation and consequently achieved a more uniform bainitic microstructure. Rais ing the N content to reach a V/N ratio of close to 5 enhanced the intragranular nucleation of bainite and thus also improved toughness. Isothermal transformation prevented the presence of retained austenite and allowed a complete bainitic transformation. O ne of the steels contained Ti to control austenite grain growth by the precipitation of TiN particles. However, the results showed that the presence of nanoparticles TiN did not improve the bainitic microstructure. In sum, the work has allowed the obtainme nt of a 38MnV7 steel with a toughness value (obtained in a Charpy V - Notch impact test) of close to 40 J, and higher than 50 J after tempering at 600 ºC. The steel shows a toughness of close to 20 J at - 40 ºC. The optimal composition of the steel (in wt. %) was approximately: C=0.38; Mn=1.53; V=0.11; N=0.0217