Because of high intensity and easy controllability of the heat source, high frequency induction heating has been concerned and studied for the steel forming process in the ship building industry. However, the heating and forming characteristics have to be further properly modelled and analyzed for the process to be utilized with its optimal working parameters. In this study, a modelling with thermo-elasto-plastic analysis is performed using the FEM to study heat flow and deformation of the steel plate during the forming process with the electro-magnetic induction heating. The numerical model is then used to study the effect of the inductor shape on the magnitude of angular deformation of the plate during the forming process. It is revealed that the square shape of inductor induces the largest deformation among the rectangular inductors.