A series of plane strain compression tests were carried out in order to simulate the thermomechanical controlled processing of a 0.09wt% Nb low carbon steel, in a scheme of multipass finish rolling at 950 °C with interpass times of 10 s. It was observed that after the first two finishing passes a remarkable grain refinement can be achieved, since the recrystallisation was fully suppressed and abundant ultrafine ferrite was transformed dynamically during the deformation. The addition of a third finishing pass however, led to partial recrystallisation. A deep characterisation of the dynamic ferrite was carried out by diverse methods conducting to relevant findings that contribute to a better elucidation of the dynamic transformation. The results obtained indicated that the dynamic formation of a colony of Widmanstätten ferrite plates during deformation, initiates with the formation of a pair of self-accommodating plates followed by face-to-face sympathetic nucleation of new plates at one of the faces of the pairs of plates already formed. Furthermore, the crystal orientation within the dynamic ferrite phase was analysed with EBSD, it was observed that during the coalescence of plates, prior to the full polygonisation of grains, the ferrite adopts a transitory morphology which possesses particular crystallographic characteristics.