A kind of Y-bearing ferritic/martensitic fuel cladding tube with qualified dimensions, acceptable mechanical properties as well as good flattening and flaring performance was manufactured recently by our group. In this paper, to improve and further evaluate its oxidation resistance, the cladding tube was aluminized firstly and then subjected to high temperature steam oxidation at 1200°C for 8 h. The results indicated that aluminizing coating with gradient content of Al was prepared on the tube successfully. And the matrix microstructure was transformed from tempered martensite into ferrite during aluminizing. Weight gains after high temperature steam oxidation were 72.7 and 1.48 mg cm −2 for the bare and aluminized tubes, respectively. The latter one exhibited better oxidation resistance due to the generated dense aluminum oxide film. Meanwhile, Kirkendall pores were formed near oxidation surface and should be eliminated for the real application of the aluminized tube in the future.