A study of adiabatic shear band formation and propagation of 4340 steel was done using the stepped speciment which was subjected to high velocity impact. The high velocity impact was performed on compression Hopkinson bar impact machine. After the controlled impact, the specimen was prepared for visual inspection. Numerical simulation was also performed with same geometrical dimension using explicit time integration finite element code. Experimental results were then compared with the numerical prediction. It was found that the numerical prediction is quite accurate, average thickness of adiabatic shear band is about $10{mu}m$, the macro crack around shoulder is due to folding, and the deformation control ring is effective to freeze the propagation of adiabatic shear band.