In this study, the bainitic microstructure of a furnace-cooled electro-slag-refined 5% Cr steel was studied by the electron backscattered diffraction (EBSD) technique. The pole figures suggest a strong orientation relationship close to the Nishiyama–Wassermann type, i.e. there are 12 variants of the bainite sheaf that emerge from the three Bain correspondences. The microstructure consists of the bainite variants arranged in four sheaf colonies or morphological groups. Each sheaf colony, in turn, is made of one crystallographic group composed of 3 variants of bainite – one from each of the three Bain correspondences. Computations based on the phenomenological theory of martensitic crystallography (PTMC) show that the observed morphology is a product of stress-coupled autocatalytic nucleation. The á111ñ_Austenite 3-variant tension-coupled sheaf group predicted by the computations is the one that is experimentally observed.