Mo2FeB2 boride base cermets produced by a novel sintering technique, called reaction boronizing sintering through a liquid phase, have excellent mechanical properties and wear and corrosion-resistances. Hence, the cermets are applied to the injection molding die-casting machine parts and so on. We investigated that the effect of deoxidization and sintering temperature on mechanical properties and deformation of the MIM processed cermets. As a result, deoxidization temperature of 1323K and sintering temperature of 1518K were suitable. The MIM products of the cermets showed allowable dimensional accuracy and the same mechanical properties as the presssintered ones.