Tool steel holds a cutting edge, resists abrasion, and maintains its shape at elevated temperatures. It's commonly used for drawing, blanking, stamping, insert molding, forming, and embossing applications. Tool steel rods and discs can be machined to produce drill bits, taps, shafts, files, punches, and more. Tool steel flat bars have excellent weldability and can be sawed, milled, drilled, turned, and ground into the desired shape.