This paper describes the microstructure, tensile properties and Charpy impact resistance of a reduced activation oxide dispersion strengthened ferritic steel Fe-14Cr-2W-0.3Ti-0.3Y(2)O(3) produced by mechanical alloying of a pre-alloyed, gas atomised steel powder with Y2O3 particles, compaction by hot extrusion at 1100 degrees C, hot rolling at 700 degrees C and heat treatment at 1050 degrees C for 1 h. At room temperature the material exhibits a high ultimate tensile strength of about 1420 MPa and high yield strength of about 1340 MPa in the transverse direction. In the longitudinal direction the values are about 10% lower, due to the anisotropy of the microstructure (elongated grains in the rolling direction). At 750 degrees C the material still exhibits relatively high yield strengths of about 325 MPa and 305 MPa in the longitudinal and transverse directions, respectively. The material exhibits reasonable uniform and total elongation values over the temperature range 23-750 degrees C, in both transverse and longitudinal directions. The material exhibits weak Charpy impact properties in the transverse direction. Charpy impact properties are slightly better in the longitudinal direction, with upper shelf energy of about 4.2 J and a ductile-to-brittle transition temperature of about 8.8 degrees C. (C) 2009 Elsevier B.V. All rights reserved.