Abstract: A low carbon microalloyed steel, comprising in weight % about: 0.05-0.30 C; 0.5-1.5 Mn; 0.04 max S; 0.025 max P; 1.0 max Si; 0.5-2.0 Ni; 0.05-0.30 V; 0-2.0 Cu; up to 0.0250 N; up to 0.2 Cb; up to 0.3 Cr; up to about 0.15 Mo; up to about 0.05 Al; balance Fe and minor additions and impurities. The steel has a carbon equivalent value, C.E., ranging between 0.3-0.65, calculated by the formula: C.E.

Abstract: An alloy steel having the capability of retaining high hardness at elevated temperature for a prolonged time is suitable for use as a high speed tool steel. The alloy steel comprises in % by weight: 0.7-1.4 C; less than 1 Mn; less than 0.04 P; up to 0.7 Si; 3-6 Cr; 4-12 Mo; less than 0.5 Co; 0.5-2.25 V; 1-7 W; up to 1.25 Al; at least one of 0.04-2.5 Nb; 0.025-2.5 Zr; 0.08-4.75 Ta and 0.005-0.7 Ti; balance substantially Fe. The alloy may also have an S content of 0.036-0.300; Mn of 0.30-1.35 and may optionally be treated when in a liquid state with up to 0.05 of Mg or Ca.