D2 steel is a high-carbon, high-chromium air hardening tool steel known for its wear resistance and machinability, with a hardness range of 55-62 HRC. It is commonly used in applications such as dies, tools, and blades, and requires careful heat treatment to prevent overheating during hardening. Options like A2 tool steel offer better machinability, while the D2 Supremetm variant is recommended for higher hardness needs.