This paper deals with micromagnetic measurements for online detection of strain-induced α’-martensite during plastic deformation of metastable austenitic steel AISI 304L. The operating principles of the sensors are Barkhausen noise (MBN) and eddy currents (EC), which are suitable for detection of microstructure evolution due to formation of ferromagnetic phases. Nevertheless, the description of the calibration and transformation models of the micromagnetic measurements into quantitative α’-martensite fractions is beyond the scope of this paper. The focus will be put on the qualification of different micromagnetic methods as well as of different measurement systems under conditions similar to the real ones during production, which is crucial for implementation of a property-controlled flow forming process. The investigation was carried out on tubular specimens produced by flow forming, which have different content of α’-martensite. To characterize the sensitivity of the sensors, different contact conditions between sensors and workpieces were reproduced. MBN sensors are suitable for detecting amount of α’-martensite, but the measurements are affected by the surface roughness. This entails that the calibration models for MBN sensors must take account of these effects. EC sensors show a closer match with the amount of α’-martensite without having major affectation by other effects.