High strength and high performance steels used in structural engineering have been developed, but the application is constrained and the design work changes as a result of the different material property. In order to study high strength steel material property features, the production process, steel grade and code limit requirement were reviewed and discussed. Some important mechanical property indexes including the stress-strain relationship, yield-tensile strength ratio (i.e. Y/T ratio), ductility and toughness, were analyzed based on a large amount of tension coupon test data reported in the available literature. The stress-strain relationship model used for finite element analysis was proposed. It is concluded that high strength structural steels have excellent toughness but lager Y/T ratio and lower elongation compared with those of traditional steels, some of which even exceed the code limit values. It is necessary to do deep research on the relationship between the steel mechanical property indexes and structure safety and to make further development of high strength steels. This research work is helpful to comprehend the material property of high strength structural steels and relevant code limit requirements.