Stamping speed is an important parameter in sheet metal forming especially in hot forming. In this study, hot forming of a U-shaped part made of ultra high strength boron steel (22MnB5) sheet is simulated with solid elements. The mechanical properties of 22MnB5 steel sheet and the key process parameters are introduced in detail. Emphasis is laid on the forming response of the boron steel sheet to stamping speeds of 3.25m/s, 0.325m/s and 0.0325m/s. The mechanism of stamping speed acting on hot formability and temperature field of the stamped part is analyzed. It is demonstrated that stamping speed affects both formability and the heat transferred from blank to tools and to environment during hot forming. And the coupling effect of material properties, the heat produced during plastic deformation and heat boundary condition decides the formability and temperature field. An appropriate stamping speed is more important for hot forming than that for common cold forming.