Cold work tool steels are prefer when it comes to making mold for stamping/pressing work, cutting work, cold compacting, roller, steel cutting blades, and for work requiring high resistance against wear, impact, and bending. The steel have high content of carbon and chromium, it also include molybdenum alloy which helps increase the hardenability and toughness of the steel. The 1% Vanadium alloy in the steel provides higher wear resistance for both cutting tools and cold work application and therefore increase the durability of the steel.