An alloy steel comprising, by weight percent, C 0.07-0.13% Mn 0.90-1.40% Si <0.40% P <0.020% S <0.005% Ni 0.15-0.50% Cr 0.25-0.60% Mo 0.27-0.60% Ca <0.035% V <0.09% Nb <0.030Ti <0.012% N <0.011% the balance being Fe and incidental impurities, wherein the microstructure of the steel is more than 60% martensite and wherein the yield stress is greater than 750 MPa, and wherein the mean subgrain size is smaller than 1.1 μm and wherein the packet size is smaller that 3 μm, and wherein the 50% fracture appearance transition temperature (FATT) is <-80° C. as measured in accordance with ASTM E23.