This document discusses microstructural characterization and elastoplastic behavior of high strength low alloy steel. It describes how the steel was thermomechanically processed by controlled rolling just above the A3 temperature and then water quenched. Electron backscatter diffraction and nanoindentation were used to characterize the microstructure and mechanical properties. The ferrite grain size was refined to 1-3 microns through dynamic strain induced transformation of austenite during processing. The ferrite formed via different mechanisms exhibited varying elastoplastic behavior related to their carbon content and formation temperature.