The reduction in SOFC operating temperature due to recent development in materials and fabrication techniques enables the use of ferritic stainless steels as interconnects for SOFCs. Ferritic stainless steels offer many advantages over traditional ceramic interconnects, such as higher thermal and electronic conductivity, as well as relative ease of fabrication. However, the formation of chromium oxide on ferritic stainless steel results in an increase in ohmic resistance and can lead to the loss of cathode catalytic activity (due to Cr volatilization, with cathode poisoning). The oxide growth depends on several factors, such as steel composition, temperature, oxygen partial pressure. In this way, knowing the phase stability, the oxidation behavior of the material and the oxidation kinetics is of great interest. In this context, a thermodynamic study of the oxidation of ferritic stainless steel 430 under oxidizing atmosphere (cathode), at the temperature of 750ºC, is carried out. As one can see, the thermodynamic system can be very complex, involving several phases (chromium oxide, (Fe,Cr,Mn)3O4 Spinel, iron-chromium oxides, etc.). The effect of oxygen partial pressure and alloying elements on phase distribution is evaluated. Thermodynamic modeling is compared with experimental results from literature.