Abstract.The strength and ductility of bulk nanostructured and ultrafine grained iron with 0.39% oxygen in weight was determined by tensile tests. The samples were obtained by consolidation at 500 ºC of milled iron powder. Heat treatments were designed to cover a wide range of grain sizes from 100 to 2000 nm with different percentages of coarse and nanostructured grain areas, which is defined as bimodal grain size distribution.Transmission electron microscopy was used to determine the diameter, volume fraction and location of oxides in the microstructure. The strength was analyzed following two approaches, the first one based on a high influence of oxides, a mixed particle-grain boundary strengthening model, and the second one based on simple grain boundary strengthening. The mixed model underestimated the strength of nanostructured samples whereas simple grain boundary model worked better. However, for specimens with bimodal grain size the fitting of the mixed model was better. In this case, the more effective particle strengthening is related to the dispersion of oxides inside the large ferrite grains. In addition, the bimodal samples showed an acceptable combination of strength and ductility. Again, the ferrite grains with oxides inside promoted strain hardening due to the increase in dislocation activity.