Wrought powder metallurgy (P/M) high-speed tool steels exhibit better machinability, dimensional control and safety in heat treatment, grindability, and edge toughness during cutting. This article discusses the two stages of machining of P/M tool steels: rough machining, in annealed condition, and finish machining, in hardened-and-tempered condition. It tabulates the composition of commercial crucible particle metallurgy and anti-segregation process tool steels and their typical machining conditions.