This study investigated the low-temperature fracture behavior of an 80-mm-thick low-carbon steel plate welded by submerged arc. The relationship between impact absorbed energy and ductility–brittle transition temperature (DBTT) based on the microstructures was evaluated through quantitative analysis on grain size and complex constituent phases using advanced EBSD technique. The microstructure formed differently depending on the heat affections, which determined fracture properties in a low-temperature environment. Among the various microstructures of the heat-affected zone (HAZ), acicular ferrite has the greatest resistance to low-temperature impact due to its fine interlocking formation and its high-angle grain boundaries.