Disclosed is a cermet powder that enables preparation of a cermet coating having both high wear resistance and high corrosion resistance against a strong acid having a pH of less than 1. The disclosed cermet powder contains tungsten carbide particles in an amount of 40 mass % or more; molybdenum carbide particles in an amount of 10 mass % to 40 mass %; and Ni or a Ni alloy as a matrix metal, wherein the cermet powder further contains chromium, either as a carbide or a metal or alloy element contained in the matrix metal, in an amount of 8 mass % or more.

Mixed powder that contains first hard particles, second hard particles, graphite particles, and iron particles is used to manufacture a sintered alloy. The first hard particle is a FeMoCrMn based alloy particle, the second hard particle is a FeMoSi based alloy particle. The mixed powder contains 5 to 50 mass % of the first hard particles, 1 to 8 mass % of the second hard particles, and 0.5 to 1.0 mass % of the graphite particles when total mass of the first hard particles, the second hard particles, the graphite particles, and the iron particles is set as 100 mass %.