Titanic mainly failed because of low temperature. A ductile material will start behaving as a brittle material if we keep at the low temperature. The steel which was used in titanic wasn't tested for this which led to the distruction. Proper heat treatment and using better alloying material would have saved the ship !
As grains become finer, more grain boundaries will be there, more grain boundaries means more hinderance for the dislocations to move and that means less plastic deformations. So how fine grains will contribute toward ductility?