The main goal of this work is the analysis of rheological properties of steel alloy at high temperatures, just below the solidus point, and in the semi-solid state with low liquid phase content. Data obtained from the analysis can form the basis of numerical simulation for designing and optimizing the thixoforming processes. The rheological properties should be known over a wide temperature range so that the simulations could also predict defects such as incomplete die filling. The analysis concerned M2 tool steel alloy. The paper also discusses development of globular microstructure in partially melted steel.