This paper deals with the formability of DP590 steel considering the strain rate. The strain hardening coefficient, elongation and r-value were obtained from the static and dynamic tensile test. As strain rate increases from static to 100/s, the strain hardening coefficient and the uniform elongation decrease and the elongation at fracture and r-value decrease to 0.1/s and increase again to 100/s. The high speed forming limit tests with hemi-spherical punch were carried out using the high speed crash testing machine and high speed forming jig. The high speed forming limit of DP590(order of $10^2$/s) decreases compared to the static forming limit(order of $10^{-3}$/s) and the forming limit band in high speed forming test is narrower than that in the static forming test. This tendency may be due to the development of brittleness with increase of stain rate.