The variation rules of strength with the microstructure and precipitates of container steel were studied by optical microscope (OM), scanning electron microscope (SEM) and transmission electron microscope (TEM). The results show that the microstructures of four kinds of test steels are all bainite and M/A island, but the number and size of islands of M/A and precipitates exist obvious difference: two kinds of test steels have fewer precipitates and more M/A islands, however, the other two kinds of steels are on the contrary. As for the former two kinds steels, the number of M/A islands is larger, and the size is smaller, the strength of steel is higher; For the later two kinds steels, the number of precipitates less than 30nm is larger, and distribution is more uniform dispersion, the strength is higher, precipitation strengthening effect is better. Getting lots of small and uniform M/A islands or precipitates is an effective way of improving the performance of steel.