In the course of a recrystallization study of Oxide Dispersion Strengthened (ODS) ferritic steels during extrusion, particular interest was paid to the (GB) Grain Boundaries interaction with precipitates. Complementary and corresponding characterization experiments using Transmission Electron Microscopy (TEM), Energy Dispersive X-ray spectroscopy (EDX) and Atom Probe Tomography (APT) have been carried out on a voluntarily interrupted extrusion or extruded samples. Microscopic observations of Precipitate Free Zones (PFZ) and precipitates alignments suggest precipitate interaction with migrating GB involving dissolution and Oswald ripening of the precipitates. This is consistent with the local chemical information gathered by EDX and APT. This original mechanism for ODS steels is similar to what had been proposed in the late 80s for similar observation made on Ti alloys reinforced by nanosized yttrium oxides: An interaction mechanism between grain boundaries and precipitates involving a diffusion controlled process of precipitates dissolution at grain boundaries. It is believed that this mechanism can be of primary importance to explain the mechanical behaviour of such steels.