A cold rolled and hot dip coated steel sheet presenting a tensile strength above 1000−50×Al MPa, a uniform elongation above 15% and a low density is provided. The steel includes, by weight percent: 0.1≤C≤0.5%, 3.5≤Mn≤10.0%, 0≤Al≤9.0%, Si≤5.0%, Ti≤0.2%, V≤0.2%, Nb≤0.2%, S≤0.004%, P≤0.025%, 0.5≤Si+Al≤9.0%, B≤0.0035, Cr≤1%, The balance being Fe and impurities and the microstructure containing 25% to 90% of ferrite, 10% to 50% of austenite, kappa precipitates lower than 5% and martensite lower than 25%. The steel is able to be coated using total oxidation.