Pop-ins on nanoindentation load–displacement curves of a ferritic steel were correlated with yield drops on its tensile stress–strain curves. To investigate the relationship between these two phenomena, nanoindentation and tensile tests were performed on annealed specimens, prestrained specimens, and specimens aged for various times after prestraining. Clear nanoindentation pop-ins were observed on annealed specimens, which disappeared when specimens were indented right after the prestrain, but reappeared to varying degrees after strain aging. Yield drops in tensile tests showed similar disappearance and appearance, indicating that the two phenomena, at the nano- and macro-scale, respectively, are closely related and influenced by dislocation locking by solutes (Cottrell atmospheres).