A process of manufacturing a steel alloy for railway components is provided. The process involves providing an alloy comprising, in weight percentage, from 0.21 to 0.27 carbon, from 0.80 to 1.20 manganese, from 0.35 to 0.60 silicon, up to 0.02 phosphorus, up to 0.02 sulfur, from 0.55 to 0.65 chromium, from 0.45 to 0.55 molybdenum, from 1.75 to 2.05 nickel, and from 0.005 to 0.030 titanium; casting the alloy; normalizing the alloy; heat treating the alloy; and tempering the alloy, wherein the tempering occurs at 400-700° C. for 1-5 hours.