Fundamental deformation mechanism and plastic behavior of AISI304 austenitic stainless steel were investigated to evaluate press formability. Local and uniform deformation capacity of AISI304 steel were compared to those of ferritic AISI430 steel and Al killed low carbon steel. Nine kinds of austenitic stainless steels having different austenite stabilities were made in laboratory scale to examine the transformation behavior in various deformation mode and variation of mechanical properties. Deformation path and strain distributions along edge corner of commercial sink die were illustrated and effect of austenite stability on press forming of sink die was clarified with experiments using square cup drawing tools.