The concepts new types of materials are, for economic reasons, focused mainly on low alloyed steels with a good combination of strength and ductility. Suitable heat and thermo-mechanical treatments play an important role for the utilization of these materials. Different alloying strategies are used to influence phase transformations. The quenching and partitioning process (Q-P Process) is one of the heat treatment methods which can result in a high ultimate strength as well as a good ductility. However, these good properties can be obtained only if a sufficient amount of retained austenite is stabilized. The influence of different contents of manganese, silicon and chromium on microstructural development and mechanical properties were experimentally tested. Alloying elements were used to stabilize the retained austenite in the final microstructure and also to strengthen the solid solution. Ultimate strengths of over 2000MPa with ductility over 10% were reached after the optimization of the Q-P Process. The microstructures were analyzed using several microscopic methods; mechanical properties were determined by a tensile test and the volume fraction of the retained austenite was established by X-ray diffraction phase analysis.