The strain rate dependence of the plastic yield and failure properties displayed by most metals affects energies, forces and forming limits involved in high speed forming processes. In this contribution a technique is presented to assess the influence of the strain rate on the forming properties of steel sheets. In a first step, static and high strain rate tensile experiments are carried out in order to characterize the materials strain rate dependent behaviour. In a second step, the phenomenological Johnson-Cook model and physically-based Voce model are used to describe the constitutive material behaviour. The test results are subsequently used to calculate the forming limit diagrams by a technique based on the Marciniak-Kuczynski model. With the developed technique, static and dynamic forming limit diagrams are obtained for a commercial DC04 steel and a laboratory made CMnAl TRIP steel. The results clearly indicate that increasing the strain rate during a forming process can have a positive or negative effect