The third generation of advanced high-strength steels (AHSS) brought attention to the steel and automotive industries due to its good compromise between formability and production costs. This work evaluated a third-generation AHSS (USS CR980XG3TM) through microstructural and X-ray diffraction (XRD) analyses, uniaxial tensile and plane-strain tension testing, and numerical simulations. The damage behavior of this steel is described with the Gurson–Tvergaard–Needleman (GTN) model using an identification procedure based on the uniaxial tensile and initial microvoids data. The microstructure of the CR980XG3TM steel is composed of ferrite, martensite–austenite islands, and retained austenite with a volume fraction of 12.2%. The global formability of the CR980XG3TM steel, namely the product of the uniaxial tensile strength and total elongation values, is 24.3 GPa%. The Lankford coefficient shows a weak initial plastic anisotropy of the CR980XG3TM steel with the in-plane anisotropy close to zero (−0.079) and the normal anisotropy close to unity (0.917). The identified GTN parameters for the CR980XG3TM steel provided a good forecast for the limit strains defined according to ISO 12004-2 standard from the uniaxial tensile and plane-strain tension data.
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