Effects of hot-rolling conditions on these steels are much less studied than their importance for practice would suggest. It should be emphasized that bainite transformation is the key reaction to enrich non-transformed austenite with carbon. This study was carried out in order to gain understanding of the effect of thermomechanical hot rolling on final microstructure and mechanical properties of C-Mn-Si TRIP steel. Fundamental of the transformation induced plasticity effect – TRIP is the stabilization of substantial amount of retained austenite down to the ambient temperature by thermomechanical processing and its subsequent transformation into strain induced martensite as a consequence of applied plastic deformation. The special prepared stepped specimens were rolled on laboratory tandem mill. The effects of finish rolling temperature, strain and isothermal bainite transformation temperature on mechanical properties of mentioned TRIP steel were evaluated (mechanical properties were examined with tension test). Major deformation, higher finishing rolling temperature and higher temperature of bainite hold result in drop in strength. Proportionately to the drop in strength, the ductility grows in the TRIP steel. Microstructures were examined with X-ray diffraction (retained austenite). Image analysis software was used to process SEM micrographs of structure (ferrite, bainite assessment). Plastometric testing was conducted on GLEEBLE 3800 thermo-mechanical simulator. First stage of experiment yielded stress-strain curves for various temperatures and strain rates. Gleeble 1500 was used for the remaining plastometric simulation. Specimens were reheated to austenitization temperature of 1100°C and soaked. Then they were cooled to the temperature of deformation and subsequently cooled at higher rate down to the bainitic transformation temperature (400 – 550 °C). Specimens were held at the bainitic transformation temperature and then air-cooled. Final microstructures were evaluated with respect to transformation diagrams and optical microscopy findings. Higher bainite volume fraction was found in the specimens cooled at higher cooling rate as compared with more slowly cooled specimens.