Correlations for evaluation of Ultimate Tensile Strength (UTS) using Miniature Disk Bend Test (MDBT) or Small Punch Test (SPT) has been an open issue since the development of the techniques. The larger plastic strains, in tri-axial state of stress during SPT, make the translation to the equivalent uniaxial parameter less certain. Correlations based on P_max of load–displacement curve are also in disagreement as the point corresponding to P_max does not represent a necking situation as in case of UTS, in a uniaxial tensile test. In present work, an attempt has been made for locating necking zone, which appears prior to P_max, through experiments and FEM analyses. Experimental results on disk specimens from 20MnMoNi55, CrMoV ferritic steel and SS304LN materials along with FEM analyses found that load corresponding to 0.48 mm displacement is to be very close to the necking zone, and gives best fit for a UTS correlation.