The microstructure evolution, elements diffusion and fracture behavior of the Stellite 6 weld overlay, deposited on 10Cr9Mo1VNbN (F91) steel by the tungsten inert gas (TIG) cladding process, were investigated after long-time service. Obvious diffusion of Fe occurred from the steel and fusion zone to the Stellite overlay, resulting in the microstructure evolution and hardness increase in the coating, where hard Co–Fe phases, σ phases (Fe–Cr metallic compounds) and Cr-rich carbides (Cr18.93Fe4.07C6) were formed. Besides, the width of the light zone, combined with the fusion zone and diffusion zone, increased significantly to a maximum value of 2.5 mm. The fracture of the Stellite coating samples mainly occurred in the light zone, which was caused by the formation and growth of circumferential crack and radial crack under high temperature and pressure conditions. Moreover, the micro-hardness values in the light zone increased to the maximum (470–680 HV) due to the formation and growth of brittle Co–Fe phases. The formation of these cracks might be caused by formed brittle phases and changes of micro-hardness during service.