Dynamic transformation (DT) is defined as the phase transformation that occurs during deformation. In steels, austenite can dynamically transform into ferrite above the equilibrium transformation temperature Ae₃. The occurrence of DT during the simulated hot rolling of an APIX80 steel is described in the present study. Torsion tests were carried out under continuous cooling conditions over the temperature range 920 to 830 °C, all of which are above the calculated Ae3 temperature. Interpass times of 1, 8 and 20 s were examined. Samples were water quenched before and after the odd-numbered passes and the volume fractions of ferrite and martensite (prior austenite) were determined. The formation of DT ferrite was observed under all conditions, the volume fraction of which increased with strain. As a result of DT, the increase in flow stress with strain was less than expected under all conditions. When longer interpass times were employed, the stress levels were higher because ferrite transforms back into the harder austenite during holding after deformation. The critical strains for the onset of DT and dynamic recrystallization (DRX) were determined using the double differentiation method. The driving forces and energy barriers for DT were also calculated, indicating that the occurrence of DT is thermodynamically possible during hot rolling