A cold rolled, annealed TRIP steel sheet which has a composition including (in wt. %): C: 0.1-0.3; Mn: 4-10, Al: 0.05-5, Si: 0.05-5; and Nb: 0.008-0.1, the remainder being iron and inevitable residuals. The cold rolled sheet has an ultimate tensile strength of at least 1000 MPa, and a total elongation of at least 15%. The cold rolled sheet may have at least 20% retained austenite in its microstructure and may have greater than 50% lath-type annealed ferrite structure. The cold rolled sheet may have an ultra fine grain size of less than 5 micron for the retained austenite and ferrite.