Hole flanging experiments are performed on flat circular plates with a hole in the center and the flangeability and fracture behaviors of TRIP steels and ferrite-Bainite duplex steels were examined. In the hole flanging, deformation by lip and petalling occurs when plates are struck by punches of various shapes and high circumferential strains induced in the target material cause radial cracking and the subsequent rotation of the affected plate material in a number of symmetric petals. In all cases, failure of the plate was due to lip fracture that results from multiple localized neckings that take place around the hole periphery where straining is most severe and a somewhat regular pattern was observed in a fracture shape. The neck characteristics in flange formation and the transition from the lip to petal mode at which fracture occurs were compared with two materials.