The interpenetrating magnesium composites reinforced by three-dimensional braided stainless steel wire reinforcement were fabricated. And, the deformation behavior of materials was analyzed in four extrusion velocities by DEFORM-3D software. The results show that with the increases of extrusion velocities, the equivalent stress values exhibit a gradually increasing and then decreasing trend. Owing to the effect of three dimensional reinforcement, the basal plane orientation occur tilt. And, the microstructure turns refined.