A hot-rolled steel sheet having a tensile strength greater than 800 MPa and an elongation at break greater than 10% is provided. A composition of the steel includes, the contents being expressed by weight: 0.050%≤C≤0.090%, 1%≤Mn≤2%, 0.015%≤Al≤0.050%, 0.1%≤Si≤0.3%, 0.10%≤Mo≤0.40%, S≤0.010%, P≤0.025%, 0.003%≤N≤0.009%, 0.12%≤V≤0.22%, Ti≤0.005%, Nb≤0.020% and optionally, Cr≤0.45%. A balance of the composition includes iron and inevitable impurities resulting from the smelting. A microstructure of the sheet or part includes, as a surface fraction, at least 80% upper bainite, and a remainder includes lower bainite, martensite and residual austenite. A sum of the martensite and residual austenite, as a surface fraction, is less than 5%.