Six smooth flat tensile specimens and eighteen punch specimens with three different thicknesses were machined from steel of JIS G3131 SPHC. In addition to punch tests, incremental tensile tests were conducted to obtain average true flow stress - logarithmic true strain curves. Through parametric FE simulations for the tensile specimens, material parameters related to GTN model were identified. Using indenters with three kinds of radius, punch tests were carried out to obtain fracture characteristics of punch specimens. Numerical analyses using both fracture models, GTN and $J_2$ plasticity model, gave that the former estimated well the fracture of punch specimen but the latter did not. A new concept for critical size of plate elements was introduced based on minimum relative sharpness between contact structures. Consequently, a new criterion for critical element size was proposed to be less than 20% of minimum relative radius of interacting structures.