Effects of cold rolling on the microstructure and mechanical properties of Fe-Ni-Mn-Mo-Ti-Cr maraging steels were studied. To investigate the microstructure and mechanical properties, optical microscopy, scanning electron microscopy, X-ray diffraction, tensile test, and hardness test were used. The results show that the solution-annealing treatment in the cold-rolled steel redounds to the formation of submicrocrystalline Fe 2 (Mo, Ti) Laves phase particles, which are stable at high temperatures. These secondary Laves phase particles prevent from recrystallization at high temperatures and correspond to semi-brittle fracture in the subsequent aging treatment.