A direct fabrication technology (DFT) without smelting has been developed for fabricating sophisticated high speed steel products with low pollution, near-net shaping and short process. The steel consisting of (wt. %): 6.4W, 5.0Mo, 4.2Cr, 3.1V, 8.5Co and 1.28C, was fabricated as exemplary material. The activated and reactive sintering of green compacts under vacuum with low activation energy, redox reaction enhanced diffusion and the construction of concentration gradient of alloying elements around pores, promotes the nearly full densification (>99.40%). Also, the DFT steels show high purity and superior mechanical properties. Minor strengthening agent LaB 6 (0.1 wt. %), which is easily to be accurately introduced in DFT, obviously increases the hot hardness, temper resistance, bend strength and toughness of DFT M3:2. The strengthening effect of boron atoms and La-rich complexes are proposed to directly result in the high hot hardness and temper resistance of LaB 6 containing steel.