The constant demand for improved energy efficiency in lubricated rolling/ sliding contacts, such as in rolling bearings, is generally addressed through increased power density and the use of low-viscosity (i.e., thin-film) lubricants. In these conditions, mixed lubrication regime can dominate with intensive asperity interactions between two contacting surfaces, thus increasing the risk of surface-initiated fatigue (e.g., in the form of micropitting). In the present study, the influence of steel mechanical properties on the micropitting accumulation in a hybrid contact (steel versus Si3N4 ceramics of different roughness) has been experimentally and theoretically investigated. It was found that higher roughness of Si3N4 surface could increase the risk of micropitting on the steel component. However, despite formation of some mild micropitting, the bearing steels tested here show good performance. For better understanding of the relationship between the mechanical properties of bearing steels and micropitting resistance, a new theoretical framework is introduced. The new micropitting model, based on the finding that the nucleation of a micropit is driven by (i) local accumulation of the plastic strain in mixed rough contact, and (ii) reduction of the total energy by debonding of the plastically deformed zone is introduced. The new micropitting model was shown to match with experiments across the range of test conditions. Micropitting performance maps based on the mechanical properties of steels (yield strength, work hardening and fracture toughness) have been obtained. The new theory has implications not only for predicting micropitting but also for predicting adhesive wear resistance of different steels.