The use of stainless steel at very high temperatures requires a detailed study of stress-strain and microstructure relationships. The tests made with a 304 type stainless steel are presented in order to study tensile properties at both 700 and 850oC, as well as microstructure characteristic such as austenite grain size (predominant phase in this steel), twinning and carbide M23C6 precipitates distribution and size, comparing them also to room temperature data. Though the resistance is reduced in considerable amount, the results indicate that the time the samples are maintained at the test temperature is a critical factor in the stress-strain curve, which is related to the presence of twins and its different concentration at the core or exterior part of the sample, as well as the amount of carbide precipitates at the interior or borders of the austenite crystals.