A hot-rolled high strength steel sheet having ductility, stretch-flangeability, and tensile fatigue properties with a tensile strength of 780 MPa or higher, the steel sheet having a composition consisting of, in percent by mass,
- C:
- 0.06% to 0.15%,
- Si:
- 1.2% or less,
- Mn:
- 0.5% to 1.6%,
- P:
- 0.04% or less,
- S:
- 0.005% or less,
- Al:
- 0.05% or less, and
- Ti:
- 0.03% to 0.20%,
- the balance being Fe and incidental impurities,
- wherein the steel sheet has a structure in which the volume fraction of ferrite is 50% to 90%, the balance is substantially bainite, the total volume fraction of ferrite and bainite is 95% or more, precipitates containing Ti are precipitated in the ferrite, and the precipitates have an average diameter of 20 nm or less;
- and 80% or more of the Ti content in the steel is precipitated.