The residual stress in low‐carbon high‐strength steel is not effectively relaxed during alloy carbide precipitation but is fully relaxed during manganese partitioning. The specific microscopic mechanisms responsible for this observed phenomenon have yet to be fully elucidated. This study employs first‐principles calculations in conjunction with experiments to demonstrate that alloy carbide precipitation leads to the formation of dense dislocation tangles that hinder carbon diffusion and carbide precipitation. Conversely, manganese partitioning aids carbon diffusion by altering dislocation morphology while also causing plastic deformation. The simultaneous occurrence of partitioning plasticity and precipitation plasticity during manganese partitioning results in a more significant relaxation of residual stress compared to alloy carbides precipitation: The plasticity coefficient for alloy carbide precipitation is 1.303 × 10−5, while the plasticity coefficient for manganese partition is 2.691 × 10−5. During alloy carbide precipitation, the elastic strain energy decreases to 43.48% of its initial value, whereas it can be further reduced to 25.29% after manganese partitioning.