Bulk nanocrystalline ferrite with a grain size below 20 nm is stabilized thanks to grain boundary segregations of carbon atoms. This structure has been obtained through severe plastic deformation of a carbon steel containing only 0.45 wt% carbon with a bainitic microstructure. Both the mean grain size and resulting strength are similar to these obtained in pearlitic steels containing twice as much carbon and deformed in the same conditions. This indicates that very high strength can be achieved in nanocrystalline steels with much lesser carbon content.