PURPOSES : The aim of this study is to investigate the enhancement of performance and the mix design method for asphalt mixtures utilizing ferronickel slag, an industrial by-product METHODS : To enhance the performance of FNS asphalt, waste tire powder (CR) was incorporated, and the characteristics of FNS asphalt aggregate, along with the impact of CR, were evaluated through the mix design process. RESULTS : CR is found to be suitable with a size of 30 mesh, and the optimal usage amount is determined to be 1±0.1% of the mixture weight, considering dense grade asphalt mixture. Volumetric design considering the swelling characteristics of CR is necessary, and a mixing design with a consistent tendency can be achieved only when an appropriate VMA is secured. CONCLUSIONS : The mix design for FNS-R asphalt mixture requires an increase of approximately 1% in VMA compared to conventional dense-graded asphalt mixtures to accommodate the swelling of CR. Additionally, FNS-R asphalt exhibits improved resistance to rutting comparable to modified asphalt and meets quality standards, including stripping resistance.