With increased efforts across the steel industry to produce steel in more economical ways, interest in near net shape casting has increased. Although much has been reported on the production of exotic alloys via these methods, to make the investment in new casting equipment, capability to produce current high value steels by these methods would derisk the capital expenditure. This study assesses the production of a dual phase steel (DP800) by belt casting and compared to that of conventional continuous casting. Although a drop in yield and tensile strength was seen in the belt cast-produced material, the increased elongation allowed for a comparable/improved UTS × elongation factor. A combination of in situ dendrite measurements, thermal modeling, and lab-scale belt casting has allowed insight into the relationship between cast thickness and final band spacing. The inherent lack of deformation of near net shape casting results in coarser band spacing and is not accounted for by the refinement of the secondary arm spacing caused by the faster solidification rates. This limits the strength achievable for a given martensite volume fraction. This has been predicted across the full range of casting thicknesses (1 to 230 mm) and good agreement has been shown with experimental results.