High-speed steel (HSS) is a highly alloyed tool steel known for maintaining hardness at elevated temperatures, making it suitable for high-speed machining. HSS is classified into tungsten and molybdenum types and is characterized by excellent wear resistance and toughness, making it effective for complex cutting tools. High-strength low-alloy (HSLA) steels offer superior mechanical properties compared to conventional carbon steels, with applications in various industries due to their high strength, toughness, and weldability.