Tool steels are high-quality alloy steels developed for shaping other materials. They contain carbon from 0.1-1.6% along with alloying elements like chromium, molybdenum, and vanadium. Tool steels offer better durability, strength, corrosion resistance, and temperature stability compared to other construction steels. They are used in applications involving forming, extrusion, and plastic molding. The document then discusses different types of tool steels categorized based on their intended use and hardening properties.