To obtain excellent mechanical properties from large cross-sections of plastic mould steel (SDP1), we conducted multi-directional forging (MDF) to control the microstructure of ingots. To investigate the microstructural evolution of SDP1 steel during MDF, we performed hot forging at 1150 °C using a THP01–500A hydraulic press. The dimensions of the specimens were Φ38 mm × 80 mm. The microstructure of the specimens after forging was observed under a metallographic microscope. Furthermore, the results of the finite element method (FEM) simulations were employed to improve the quality of the forgings. The predicted results agreed well with the experimental ones, indicating that FEM is effective for analysing microstructural evolution during MDF. Thus, MDF for large cross-sections of SDP1 steel (Φ1000 mm × 2200 mm) was simulated. The results showed that the average grain size of SDP1 steel at the core of an ingot after MDF ranged from 40.6 to 43.3 μm. Although this was slightly higher than the grain size of the sample after traditional upsetting and stretching forging (TUSF) (35.7–46.0 μm), the microstructure of the SDP1 steel sample after MDF was more uniform than that after TUSF. Compared with TUSF, MDF not only refines the grain size but also improves the microstructure uniformity of the sample.