Austenitic steel is a candidate material for supercritical water-cooled reactor (SCWR). This study is to investigate the stress corrosion cracking (SCC) behavior of HR3C under the effect of supercritical water chemistry. A transition phenomenon of the water parameters was monitored during a pseudocritical region by water quality experiments at 650°C and 30 MPa. The stress–strain curves and fracture time of HR3C were obtained by slow strain rate tensile (SSRT) tests in the supercritical water at 620°C and 25 MPa. The concentration of the dissolved oxygen (DO) was 200–1000 μg/kg, and the strain rate was 7.5×10−7/s. The recent results showed that the failure mode was dominated by intergranular brittle fracture. The relations of the oxygen concentration and the fracture time were nonlinear. 200–500 μg/kg of oxygen accelerated the cracking, but a longer fracture time was measured when the oxygen concentration was increased to 1000 μg/kg. Chromium depletion occurred in the oxide layer at the tip of cracks. Grain size increased and chain-precipitated phases were observed in the fractured specimens. These characteristics were considered to contribute to the intergranular SCC.