The hot deformation behavior of a 304 austenitic stainless steel was investigated to characterize the evolution of the dynamically recrystallized structure as a starting point for studies of the postdeformation recrystallization behavior. The effect of different deformation parameters such as strain, strain rate, and temperature were investigated. The flow curves showed typical signs of dynamic recrystallization (DRX) over a wide range of temperatures and strain rates (i.e., different Zener–Hollomon (Z) values). However, under very high or very low Z values, the flow curves’ shapes changed toward those of the dynamic recovery and multiple peaks, respectively. The results showed that while DRX starts at a strain as low as 60 pct of the peak strain, a fully DRX microstructure needs a high strain of almost 4.5 times the initiation strain. The DRX average grain size showed power-law functions with both the Zener–Hollomon parameter and the peak stress, although power-law breakdown was observed at high Z values.