Effect of spherodization of cementite on static and dynamic deformation behaviors of SCM415 steels was investigated in this study. Dynamic torsional test was conducted using torsional Kolsky bar with the strain rate of $1.6{ imes}10^3/s$. Three type of specimens were used with different spherodization degree of cementite. Dynamic test results were analyzed comparing with static tensile results and microstructural changes. The obtained results are as follows; 1) All the specimens of static and dynamic tests showed a ductile fracture mode of dimple. Specimens of the dynamic test showed adiabatic shear bands on the beneath of fracture surface. 2) In static tensile test, decreased tensile strength and increased uniform and non-uniform elongations appeared as spherodization degree of cementite increased. 3) In dynamic torsional test, decreased shear strength and increased uniform elongation appeared as spherodization degree of cementite increased. 4) Due to the largest uniform elongation, superior cold forgeability at high speed is expected on high spherodization degree of cementite.