The ultra-fine bainitic microstructure of a 900 MPa low carbon bainitic Cu-Ni-Mo-B steel was obtained by a newly developed relaxation precipitation control (RPC) phase transformation processing. In a pan-cake like prior-austenite grain, the micro- structure consisted of lath bainite, a little of abnormal granular bainite, and acicular ferrite. The effect of zirconium carbonitrides on the austenite graincoarsening behavior was studied by transmission electron microscopy (TEM). The results show that, the lath is narrower with increasing cooling rate. The ratio of all kinds of bainitic microstructure is proper with the intermediate cooling rate; and Zr-containing precipitates distribute uniformly, which restrains austenite grain growing in heat-affected welding zone.