The microstructure evolution of a martensitic Stainless steel subjected to hot compression is simulated with a physically based model. The model is based on coupled sets of evolution equations for dislocations, vacancies, recrystallization, and grain growth. The advantage of this model is that with only a few experiments, the material-dependent parameters of the model can be calibrated and used for a new alloy in any deformation condition. The experimental data of this work are obtained from a series of hot compression, and subsequent stress relaxation tests performed in a Gleeble thermo-mechanical simulator. These tests are carried out at various temperatures ranging from 900 to 1200°C, strains up to 0.7, and strain rates of 0.01, 1, and 10 s À1. The grain growth, flow stress, and stress relaxations are simulated by finding reasonable values for model parameters. The flow stress data obtained at the strain rate of 10 s À1 were used to calibrate the model parameters and the predictions of the model for the lower strain rates were quite satisfactory. An assumption in the model is that the structure of second phase particles does not change during the short time of deformation. The results show a satisfactory agreement between the experimental data and simulated flow stress, as well as less than 5 pct difference for grain growth simulations and predicting the dominant softening mechanisms during stress relaxation according to the strain rates and temperatures under deformation.