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Tool steels are used for working, cutting, and forming metal components, moulding plastics, and casting dies for metals with lower melting points than steel. Accordingly, tool steels need high hardness and strength combined with good toughness over a broad temperature range.

Tools for processing plastics are mainly stressed by pressure and wear. According to the type of plastic, corrosive conditions can prevail in addition to stresses. The type of plastic and processing method define the key requirements in addition to those generally valid to hot-work steels:
Sufficient corrosion resistance
| Defining property | AISI-SAE grade | Significant characteristics |
|---|---|---|
| Water-quenched | W | Molybdenum alloying optional |
| Cold-working | O | Oil-hardening, O6-0.3% molybdenum, cold-work steel used for gauges, cutting tools, woodworking tools and knives |
| A | Air-hardening, low distortion during heat treatment, balance of wear resistance and toughness, all molybdenum alloyed - 0.15-1.8% | |
| D | High carbon, high chromium, 0.9% molybdenum, very high wear resistance but not as tough as lower alloyed steels | |
| Hot-working | H | H1-H19 - chromium base H20-H39 - tungsten base H40-H59 - molybdenum base |
| Plastic moulding | P | Low segregation: reduced alloying of silicon, manganese and chromium Through hardenability: increased molybdenum and vanadium |
| High-speed | T | Tungsten base (today mostly replaced by M22) |
| M | Molybdenum base | |
| Shock resisting | S | Chromium-tungsten, silicon-molybdenum, silicon-manganese alloying, very high impact toughness and relatively low abrasion resistance |
| Special purpose | L | Low alloy, high toughness |
| F | Carbon-tungsten alloying, substantially more wear resistant than W-type tool steel |

