There is a fairly wide variety of different tool steels for different applications. The American Iron and Steel Institute (AISI) classification of tool steels includes seven major categories: water-hardening tool steels, shock-resisting tool steels, cold work tool steels, hot work tool steels, low-alloy special-purpose tool steels, mold tool steels, high-speed tool steels, and powder metallurgy tool steels. This chapter provides discusses the manufacturing process, composition, properties, types, and applications of these tool steels and other cutting tool materials, such as cemented carbides. It also describes the methods of applying coatings to cutting tools to improve tool life.