Micromechanics‐based continuum damage criteria have previously been developed to simulate the initiation of ductile fracture in structural steels under conditions with large‐scale plasticity where conventional fracture mechanics indices are invalid. Such models have been combined with methods to simulate ductile crack growth for monotonic loading. In this study, a micromechanics‐based adaptive cohesive zone model for simulating ductile crack propagation under monotonic loading is extended to handle cyclic loading. The proposed model adaptively modifies the cohesive traction–separation relationship for crack opening and closure, as the loading reverses between tension and compression. The approach is implemented into the finite element analysis platform WARP3D, and results of simulations that use the model are compared with data from coupon‐scale tests. The results demonstrate that the proposed model can accurately simulate the effect of crack propagation on specimen response, as well as other key aspects of observed behavior, including crack face closure and crack tunneling.