Abstract: An austenitic high manganese steel having superior formability, strengths and weldability, and a process for manufacturing the steel, are disclosed. The superior formability of the steel is suitable for use on automobiles and electronic panel. The steel has a composition of (in weight %) less than 1.5% of C, 15.0-35.0% of Mn, 0.1-6.0% of Al, and the balance of Fe and other indispensable impurities. The size of the austenite grains is less than 40.0 .mu.m, and, one or more elements are added by selecting them from a group consisting of less than 0.60% of Si, less than 5.0% of Cu, less than 1.0% of Nb, less than 0.5% of V, less than 0.5% of Ti, less than 9.0% of Cr, less than 4.0% of Ni, and less than 0.2% of N, thereby providing an austenitic high manganese steel having superior formability, strengths and weldability.