Detailed studies on microstructure-property relationships of thermomechanically processed medium-Mn steels with various manganese contents were carried out. Microscopic techniques of different resolution (LM, SEM, TEM) and X-Ray diffraction methods were applied. Static tensile tests were performed to characterize mechanical properties of the investigated steels and to determine the tendency of retained austenite to strain-induced martensitic transformation. Obtained results allowed to characterize the microstructural aspects of strain-induced martensitic transformation and its effect on the mechanical properties. It was found that the mechanical stability of retained austenite depends significantly on the manganese content. An increase in manganese content from 3.3% to 4.7% has a significant impact on the microstructure, stability of γ phase and mechanical properties of the investigated steels. The initial amount of retained austenite was higher for the 3Mn-1.5Al steel in comparison to 5Mn-1.5%Al steel-17% and 11%, respectively. The mechanical stability of retained austenite is significantly affected by the morphology of this phase. case, the phase transformation kinetics depends significantly on the austenite deformation degree [5,8,9]. In case of the first generation AHSSs, the main advantage of the TMP is the ability to refine the ferrite grain size by controlling the austenite pancaking [10,11]. Moreover, the thermomechanical treatment can increase the amount of retained austenite to obtain the optimal TRIP (TRansformation Induced Plasticity) effect [12,13]. In case of medium manganese steels (third generation AHSS), the TMP is also a good alternative for the cold-rolling process [14][15][16]. However, most publications on medium-Mn steels concern the cold-rolling process and subsequent inter-critical heat treatment.Cold-rolled medium-Mn TRIP steels are susceptible to plastic instabilities associated with dynamic strain aging (DSA) and serrated flow (PLC-Portevin-Le Chatelier) effects due to the heat treatment required after cold-rolling. From a technological point of view, the PLC and DSA effects must be avoided. The DSA phenomenon gives rise to non-homogeneous plastic flow during the sheet-forming processes and may lead to surface defects on formed parts [17][18][19]. Our previous reports on thermomechanically processed medium-Mn sheet steels indicate that the problem can be avoided [7].Newly developed fine-grained ferrite-austenite or bainitie-austenite steels contain manganese in a range of 3-12%, while carbon content is ca. 0.1-0.2%. These steels contain also aluminum and silicon (1-3%) additions which delay the carbides formation during the bainitic transformation. The increased Mn amount leads to obtain the high fraction of retained austenite (~10-30%). The Mn addition also increases the carbon solubility and lowers the cementite precipitation temperature [20][21][22]. Al is added to partially replace silicon due to the problems related to galvanizing, hot-rolling and welding [23][24][25]. However, Gir...