In this work, the effffect of Cu addition on the microstructure and mechanical properties, in particular, low-temperature toughness, of low-carbon, high-strength steel was investigated. Steels with Cu concentrations varying from 1 to 2.5 wt pct in the place of carbon were prepared and then subjected to the two-step intercritical heat treatment. A mixed microstructure consisting of intercritical ferrite, tempered martensite, and retained austenite was obtained. There was an increased amount of retained austenite in the steels with Cu contents ranging from 0.23 to 2.5 wt pct. Therefore, Cu addition was benefificial for the stabilization of retained austenite. This phenomenon can be attributed to the enrichment of Cu in austenite and the increased driving force of reversed transformation caused by reduction in the T₀ temperature (the temperature at which fcc austenite and bcc ferrite of identical composition have equal free energy). Furthermore, nanoscaled Cu precipitates were dispersed in the microstructure of Cu-containing steels. The combined effffect of retained austenite and Cu precipitates could be the reason for excellent low-temperature toughness without loss in strength, which is featured by the impact energy of more than 120 J at 153 K (– 120 ℃) for the Cu-containing steels. In addition to the deformation-induced transformation of retained austenite, bcc Cu precipitates act as misfifit centers to improve the low-temperature toughness by enhancing the dislocation mobility and decreasing the ductile-to-brittle transformation temperature (DBTT).