In this paper the properties of the austenitic stainless steel reinforced with various volume fractions of TiB2 ceramics have been studied. The high pressure- high temperature (HP-HT) method of sintering was applied to the formation of composites. Samples were sintered at pressure of 5 and 7 ±0.2 GPa and temperatures of 1273 K and 1573 K. For the tested materials, the relative density, Young’s modulus and hardness were measured. In order to investigate the structure changes, the scanning electron microscope was used. The obtained results show that the temperature and pressure influence on the mechanical and physical properties of the investigated composites.