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Warm deformation tests were performed using a kind of tubby heater. The microstructures and mechanical properties of an Fe-C-Mn-Si multiphase steel resulting from different warm deformation temperatures were investigated by using LOM (light optical microscopy), SEM and XRD. The results indicated that the microstructure containing polygonal ferrite, granular bainite and a significant amount of the stable retained austenite can be obtained through hot deformation and subsequent austempering. Warm deformation temperature affects the mechanical properties of the hot rolled TRIP steels. Ultimate tensile strength balance reached maximum (881 MPa) when the specimen was deformed at 250 ℃, and the total elongation and strength-ductility reached maximum (38% and 28614 MPa·%, respectively) at deforming temperature of 100 ℃. Martensite could nucleate when austenite was deformed above Ms, because mechanical driving force compensates the decrease of chemical driving force. The TRIP effect occurs in the Fe-C-Mn-Si multiphase steel at deforming temperature ranging from 15 to 350 ℃. The results of the effects of warm deformation on the mechanical properties of the Fe-C-Mn-Si multiphase steel can provide theoretical basis for the applications and the warm working of the hot rolled TRIP sheet steels in industrial manufacturing.