To develop low-cost low carbon bainitic steel, Mo-bearing and Cr-bearing steels were melted in a vacuum induction furnace and were researched by thermal simulation and hot rolling at the laboratory. As the cooling rate increases from 0.2 to 50℃/s, the transformation temperatures of two steels lie between 650 and 400℃, and the final microstructures of them change from quasi-polygonal ferrite and granular bainite to lath bainite. Compared with cooling in air or by interrupted cooling, Mo-bearing and Cr-bearing steel plates cooled by sprayed water boast higher strength and superior toughness, for large-size islands are responsible for the poor mechanical properties. Compared to Mo, Cr is effective to isolate the bainitic reaction in low carbon steel, and the bainitic microstructure can also be obtained in Cr-bearing steel cooled at a wide range of cooling rate.