In this work medium carbon steel of the type 40C8 was used subjected to Normalising and tempering heat treatment process to achieve different levels of hardness. Heat treated samples have been experimentally analysed in the pin on disc wear testing apparatus to study the dry sliding wear characteristics under different loading conditions and at constant sliding velocity. In performance of this analysis Archard’s wear theory was used as basis. This work also presents the wear simulation using finite element software PTC CREO Simulate Version 3.0. The purpose of finite element method was to analyse the state of stress and strain generated during pin on disc test with pin material as 40C8 steel against high carbon low alloy steel disc hardened up to 60 HRC. The experimental study shows that wear resistance of tempered steel is less than normalised. The Finite Element method shows satisfactory results for state of stress and strain when compared with analytical results.