A comprehensive understanding of the dynamic behavior of materials and structures under impact loads is paramount for the design and maintenance of reliable marine pipelines and associated structures. However, there is a lack of comprehensive research on the full characterization of constitutive and failure models of carbon steels, which are commonly used in marine pipelines. In this paper, Q235 steel was subjected to quasi-static tensile tests at room temperature on smooth specimens to obtain the constitutive parameters using the Johnson–Cook (J-C) model. Subsequently, quasi-static tensile tests were conducted on notched specimens, and dynamic tensile tests were performed on smooth round bars to obtain stress triaxiality and failure strain. The acquired data were then utilized to fit the failure parameters using the Johnson–Cook (J-C) damage model, a widely accepted constitutive model employed in high-strain rate applications through the least squares method. Finally, the tensile test is numerically simulated based on the acquired experimental parameters. The obtained results reveal a remarkable agreement between the curve fitted by the J-C constitutive model and the experimental tensile curve. Additionally, a high degree of correlation between the load-displacement curves of the tests and simulations provides robust validation of the accuracy of the dynamic mechanical parameters for Q235 steel. These findings contribute valuable insights into the behavior of carbon steels commonly used in marine pipelines, enhancing the overall understanding of their response to impact loads and informing more reliable design and maintenance practices.