Simulations of warm and hot forming processes need reliable expressions of flow stress at high temperatures. To get flow stress of the materials usually tension, compression and torsion tests are conducted. In this study, hot compression tests were adopted to get flow stress of medium carbon steel. Experiments have been conducted under both isothermal, near constant strain rate in the temperature ranges 650～100$0^{circ}C$. Phase transformation takes place by temperature changes for steels in hot and warm forging stage. So Constitutive equation are formulated as the function of strain, strain rate and temperature for isothermal conditions and phase transformation.