An age-hardenable steel having a composition consisting of: C: 0.05 to 0.20%, Si: 0.01 to 0.50%, Mn: 1.5 to 2.5%, S: 0.005 to 0.08%, Cr: more than 0.50% and not more than 1.6%, Al: 0.005 to 0.05%, V: 0.25 to 0.50%, Mo: 0 to 1.0%, Cu: 0 to 0.3%, Ni: 0 to 0.3%, Ca: 0 to 0.005%, and Bi: 0 to 0.4%, the balance being Fe and impurities. Within the impurities, P≤0.03%, Ti