The tensile behavior of a high-strength low-alloy (HSLA) steel after tempering at different temperatures from 200 to 700°C was investigated. The steel showed similar tensile behavior with almost no change in strength for tempering below 400°C. However, when the tempering temperature was increased from 500 to 650°C, the steel displayed not only a decrease in strength, but also gradually the upper yield points and lower strain-hardening ability. When the tempering temperature was increased up to 700°C, the steel exhibited a “round roof” shaped tensile curve and a high strain-hardening exponent. These interesting phenomena of tensile behavior are well explained in view of the interactions of mobile dislocations and dissolved C and N atoms and their effects on the strain-hardening exponent.