On August 8th, Gelonghui reported that EST Tools Co., Ltd. (300488.SZ) stated on its investor interaction platform that high-performance high-speed steel is widely used in the production of precision and complex cutting tools, such as turning tools, cold extrusion forming tools, gear cutting tools, etc. It is also used in the manufacturing of some precision and high-efficiency cutting tools, such as some high-efficiency drilling and milling tools, precision thread tools, etc. The company mainly provides customers with professional overall processing solutions. With a variety of products and diverse requirements for tool shapes and tool performance by different customers, the company selects materials according to customer product processing needs. The market prospect of high-performance high-speed steel cutting tools is broad. Due to the material toughness, tool shape, and process requirements, many processing scenarios require the use of high-performance high-speed steel cutting tools.