A 304 austenitic stainless steel was deformed using hot torsion to study the evolution of dynamic recrystallization (DRX). The initial nucleation of dynamically recrystallization occurred by the bulging of pre-existing high angle grain boundaries at a strain much lower than the peak strain. At the peak stress, only a low fraction of the prior grain boundaries were covered with new DRX grains. Beyond the peak stress, new DRX grains formed layers near the initial DRX and a necklace structure was developed. Several different mechanisms appeared to be operative in the formation of new high angle boundaries and grains. The recrystallization behaviour after deformation showed a classic transition from strain dependent to strain independent softening. This occurred at a strain beyond the peak, where the fraction of dynamic recrystallization was only 50%.