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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. Drill rod can be machined to produce drill bits, taps, shafts, files, punches, and more. Flat stock has excellent weldability and can be sawed, milled, drilled, turned, and ground into the desired shape.