The paper presents the results of the analysis of the microstructure, mechanical properties, acoustic and magnetic characteristics of the metal of pipelines that are part of heat and power equipment, after long-term operation, made of structural and heat-resistant steels in the zones of localization of plastic deformation. Samples of 0.2 C steel and 0.12C-1Cr-1Mo-1V steel were studied in the initial state, as well as after operation for 219 and 360 thousand hours, respectively. As a result of the studies carried out for each sample, the phase composition was determined (qualitatively and quantitatively), and the following parameters of the fine structure were calculated: volume fractions of structural components of steel (pearlite and ferrite), scalar ρ and excess ρ± dislocation density, curvature-torsion of the crystal lattice χ, amplitude of internal stresses (shear stress and long-range stresses). All quantitative parameters of the structure are determined both in each structural component of steel, and in general for each sample. The structure of the metal of all specimens after deformation before the formation of zones of stable localization of deformations consists of a ferrite-pearlite mixture, and for specimens after operation before fracture only of unfragmented and fragmented ferrite. Ferrite, which occupies the bulk of the material, is present both unfragmented and fragmented. For all samples, the ratios ρ ≥ ρ_±, χ = χ_pl, σ_L ≥ σ_d were calculated, which indicate whether there is a danger of the initiation of microcracks in metal samples. For specimens without operation and after operation without damage in zones of stable localization of deformations, these conditions are met, and for specimens after operation until destruction, they are not met. It was found that the structural-phase state in the zones of localization of deformations has a direct effect on the characteristics of non-destructive tests. Thus, for all investigated samples, the values of such parameters as the delay time of the surface acoustic wave, the attenuation coefficient, the amplitude of the received signal, and the intensity of magnetic noise in the zones of deformation localization were established.