2Y-PSZ/TRIP steel composites have been sintered by hot-pressing method. Their microstructure and mechanical properties were investigated by means of SEM, TEM, XRD and static tension, split Hopkinson pressure bar method. The results showed that the strength and elastic modulus of 2Y-PSZ/TRIP steel composites at room temperature decreased with the increase of 2Y-PSZ content. The main reason was that the combining strength was quite weak between the grains of ZrO2. Distortion induced martensite transformation and plasticity during the dynamic loading increased the strength and distortion capability of the composites. The transformation was carried out mainly through twins formation. The shape of martensite induced by distortion was lamellate with substructures of twins. The habit plane was near {259}T with no mid-ridge and no explosion phenomena. The interface was straight between the austenite and martensite induced by distortion. The increase of 2Y-PSZ content, on the one hand, made the composite dynamic 2Y-PSZ / TRIP steel composites have been sintered by hot-pressing method. Their microstructure and mechanical properties were investigated by means of SEM, TEM, XRD and static tension, split Hopkinson pressure bar method. The results showed that the strength and elastic modulus of 2Y-PSZ / TRIP steel composites at room temperature decreased with the increase of 2Y-PSZ content. The main reason was that the combining strength was quite weak between the grains of ZrO2. Distortion induced martensite transformation and plasticity during the dynamic loading increased the The shape of martensite induced by distortion was lamellate with substructures of twins. The habit plane was near {259} T with no mid-ridge and no explosion phenomena The interface was straight between the austenite and martensite induced by distortion. The increase of 2Y-PSZ content, on the one hand, made the composite dynamic