A new nano-sized NiAl reinforced FeNiCr–TiC composite coating was fabricated using a thermite reaction technique in centrifugal field. All of the consisted phases in the composite coating were obtained in situ from the reaction product melt. The microstructure investigation showed that the composite coating consisted of ferrite (α-FeNiCr), NiAl and TiC. The NiAl phase appeared in whisker with a diameter of about 100nm and it was coherent with the ferrite matrix. The present composite coating exhibited excellent oxidation resistance and the mass gain after 100h isothermal exposure at 1000°C in air was less than 1mg/cm 2 which is about 1/130 of that for CrNi1Mo steel. The coating had a good wear resistance, its relative wear resistance was 30–40 to the CrNi1Mo steel substrate at room temperature. As compared to NiCr1Mo steel, a significant increase of the composite coating in wear resistance at high temperature was observed. The volumetric wear rate of the composite coating was only about 1/7 of that for the NiCr1Mo steel.