A novel high-frequency induction technology was successfully developed to carry out ultra-flash tempering treatment (UFTT) of high-strength carbon steel (HS-CS) with a heating rate of 1000 °C/s. The as-received HS-CS is a fully martensitic structure with low toughness. UFTT strategy at various temperatures is proposed to produce a tempered martensitic lath structure with promoting carbide precipitates in this structure. Microstructure evolution during UFTT was characterized using secondary electron imaging and electron backscatter diffraction technique in a scanning electron microscope. Micro-indentation hardness tests were measured through the cross-section of the steel to analyze the impact extent of UFTT. The mechanical properties were measured by uniaxial tensile tests. The results revealed that UFTT at various temperatures (550-650 °C) significantly affected the microstructure and the mechanical strength of the steel. A fully tempered martensitic microstructure with various types of carbide precipitates was promoted. Although, the microhardness and tensile strength of flash-tempered steel decreased owing to the breakdown of lath and dislocation structure in the achieved microstructure by UFTT. Hence, it is expected that the promoted microstructure during UFTT in the tested steel will result in a superior strength-toughness synergy. Based on the achieved results, the UFTT technique provides an alternative route for the conventional processing to tailor the microstructure of microalloyed HS-CS, consequently, optimizing the mechanical performance. Meanwhile, Economically, it is a cost-effective route to manufacture advanced high-strength steel.