Abstract: A drawing quality hot-dip coated low carbon aluminum killed steel strip produced by conventional steel strip forming and continuous hot-dip coating procedures wherein the hot rolled coiling temperature is maintained within a temperature range of 1250.degree. F. - 1300.degree. F. and the cold rolled steel strip is continuously heat treated on a Sendzimir-type continuous hot-dip coating line at a temperature of between 1850.degree. F. and 1950.degree. F. before cooling the strip to about the temperature of the hot-dip coating bath and immersing the strip in a hot-dip galvanizing or aluminum coating bath followed by conventional annealing. The microstructure of the drawing quality hot-dip coated steel strip is characterized by spaced islands formed of fine pearlite and fine ferrite having a grain size of about ASTM 9-10 surrounded by areas of large ferrite grains having the grain size of about ASTM 7.5-8.