The present work presents a microstructural evaluation of three different chemical compositions of API5LX80 classified as Nb-Cr, Nb-Cr-Mo e Nb-Cr- Mo-V steel in two conditions, as received and after three applied cooling rates: air-cooled (1,5oC/s), oil-cooled (30oC/s) e water- cooled (115oC/s). This material under study is a microalloyed HSLA steel used for pipeline purposes produced in Brazil. Usually this steel is processed by thermo- mechanical controlled hot rolling followed by accelerated cooling. However, the material under study was not accelerated cooled after thermo-mechanical controlled hot rolling. Instead, chemical composition was changed to obtain similar mechanical properties of this class of steel. The Nb-Cr, Nb-Cr-Mo, e Nb-Cr-Mo-V as-received steels studied in this work presented the same quantitative distribution of grain size and volumetric fraction of the phases (ferrite, bainite and MA), as well as, the same hardness Rockwell (HRB) and Vickers (HV100). However, the substructures (subgrains, cells and fine precipitation) of the three steels were different when examed in Transmission Electron Microscopy - TEM. The Nb-Cr, Nb-Cr- Mo, e Nb-Cr-Mo- V steels, after submitted to the three cooling rates, presented a decrease in grain size with the increasing of the cooling rate. The same hardness Rockwell (HRB) and Vickers (HV100) values were found for Nb-Cr e Nb- Cr-Mo steels and this fact can be associated to the volumetric fraction of both steels, because both have very similar phase distribution. The Nb-Cr-Mo-V steel presented a different phase distribution with increased of martensite as the cooling rate decreases.