The main purpose of the present study has been placed on investigating the mechanical properties and microstructures of C-Si-Mn-V steels for cold forming manufactured by controlled rolling and cooling technology. The steels were manufactured in electric arc furnace (EAF) and casted to $160{ imes}160mm$ billet. The billets were reheated in walking beam furnace and rolled to coil, the stocks were rolled by Controlled Rolling and Cooling Technology (CRCT), so rolled at low temperature by water spraying applied in rolling stage and acceleratly cooled before coiling. Rolled coils were cold drawed to the degree of 16%, 27% of area reduction respectively without heat treatment. Microstructual observation, tensile test, compression test and charpy impact tests were conducted. The mechanical properties of the steels were changed by area reduction of cold drawing and it is founded that there are optimum level of cold drawing to minimize compression stress for these steels. From the result of this study, it is conformed that $80kg_{f}/mm^{2},;90kg_{f}/mm^{2}$ grade high strength microalloyed steel for cold forming are developed by accelerated cooling and optimum cold drawing.