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WordNet
high-speed steel

n. an alloy steel that remains hard at a red heat; used to make metal-cutting tools [syn: hot-work steel]

Wikipedia
High-speed steel

High-speed steel (HSS or HS) is a subset of tool steels, commonly used in tool bits and cutting tools.

It is often used in power-saw blades and drill bits. It is superior to the older high- carbon steel tools used extensively through the 1940s in that it can withstand higher temperatures without losing its temper (hardness). This property allows HSS to cut faster than high carbon steel, hence the name high-speed steel. At room temperature, in their generally recommended heat treatment, HSS grades generally display high hardness (above Rockwell hardness 60) and abrasion resistance (generally linked to tungsten and vanadium content often used in HSS) compared with common carbon and tool steels.