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U.S High Speed Steel Market 2025: Industry Developments, Future Growth, Share & Industry Insights | Voestalpine AG, NIPPON STEEL, Fushun Special Steel Co., Ltd., Daido Steel Co
High Speed Steel Market - DataM Intelligence
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Key 2025 Developments in High-Speed Steel (HSS) Industry:
✅ (Jan 2025) NACHI‐Fujikoshi announced a new line of HSS steels designed for automotive applications optimized for high wear resistance and high-temperature performance, particularly targeting EV component machining.
✅ (2025) Daido Steel introduced a new HSS series with advanced coatings to boost tool longevity and reduce friction - especially targeted at high-precision machining for aerospace and automotive.
(2025) Daido Steel (per Global Growth Insights) also launched a precision‐tool series that extends tool life by up to 30% in specific automotive applications.
✅ (2025) Sandvik AB formed a strategic partnership (as per Market Research Future) to develop advanced manufacturing solutions for HSS production, aiming to cut production costs and improve process efficiency.
✅ (2025) Mitsubishi Materials launched a new HSS grade specifically designed for high-speed milling of hardened steels in aerospace and automotive applications.
✅ (Q1 2024-2025 transition) Sandvik acquired Dura‐Mill, a U.S.-based maker of precision solid carbide & HSS end mills - strengthening its HSS tooling portfolio in North America.
✅ (2025) ISCAR won a major aerospace contract to supply both HSS and carbide tools for turbine blade production, emphasizing that HSS remains relevant in high-end, high-precision aerospace tooling.
✅ (2025) From the tools‐market side, Global Growth Insights notes manufacturers investing more in TiN, TiAlN, and AlTiN coatings on HSS tools to improve performance (wear resistance, heat resistance).
✅ (June 18, 2025) Nippon Steel completed its acquisition of U.S. Steel (for ~$14.9B), making U.S. Steel a wholly-owned subsidiary.
✅ (2025) A European HSS / tool-steel producer and an additive-manufacturing firm developed an HSS‐compatible AM (additive manufacturing) insert for titanium machining; pilot users saw ~28% longer life vs older inserts.
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Market Growth Drivers:
✅ Industrial & Automotive Demand: The surge in global automotive production (including EVs) is boosting demand for HSS cutting tools for high-precision parts like crankshafts and engine valves.
✅ Aerospace & High-Performance Applications: Aerospace manufacturing requires tools that can endure high temperatures and stress, which favors HSS for its thermal resistance and durability.
✅ Technological Advances & Coatings: Improvements in HSS grades (e.g., powder‐metallurgy HSS) and advanced coatings (TiN, AlTiN, etc.) are enhancing tool life, making HSS more attractive.
Regional Share & Trends:
➠ Asia‐Pacific (APAC): APAC leads the global HSS market (≈ 45-52% share), driven by rapid industrialization, strong automotive manufacturing (China, India), and growing demand for precision tooling.
➠ Europe: Europe holds a significant share (≈ 22-30%) with demand fueled by its mature automotive, aerospace, and precision machinery industries, and a push toward advanced, sustainable manufacturing.
➠ North America: With around 18-20% share, North America's HSS market benefits from its advanced manufacturing base, automation, aerospace, and reshoring of precision tool production.
Segments Covered in the High-Speed Stee Market:
By Product (Metal Cutting Tools, Cold Working Tools, Others)
By Grade (M Grade, T Grade, C Grade, V Grade)
By Production Method (Conventional HSS, Powder Metallurgy (PM) HSS, Spray Forming (SF) HSS)
By End-User (Automotive, Aerospace, Energy Sector, Plastic Industry, Others)
Regional Analysis for High-Speed Stee Market:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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Major Key Players: Voestalpine AG, NIPPON STEEL CORPORATION, Fushun Special Steel Co., Ltd., Daido Steel Co., Ltd., Graphite Limited, ArcelorMittal S.A., Heye Special Steel Co., Ltd., Hudson Tool Steel Corporation, West Yorkshire Steel Co., Ltd. and Sandvik AB.
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Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
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DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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