The tool and die steels are essential for nearly all industrial sectors; hence they are being used to shape all articles that e present around us. Tool steel refers to a spectrum of plain and medium or highly alloyed ones that are particularly tailor-made for specific purposes. Their performance comes from their special microstructures (martensite and carbides) which assure resistance to adhesive and abrasive wear as well as galling, and their ability to maintain a cutting edge at severe adhesive forces. As a result, die and tool steels are widely used in the forming and shaping of other metals and materials. Many types of tool steels are being applied in forging, rolling, cutting, pressing, and extruding metals and other materials. Their use to manufacture injection molds is outstanding due to their high resistance to the adhesive and abrasive wear, which is a vital and essential criterion for a mold that would be used to produce thousands of products or parts. The conventional production of tool steels is through the normal steelmaking route, ingot casting or continuous cast (CC), annealing, and final inspection. From these products tools and dies are manufactured through traditional machining operations using lathes, drillers, CNC machines, wire cut or EDM processes. During the past years, the so-called composite powder-metallurgy (PM) and powder spray forming (PSF) technologies have been developed to be implemented in industry and are suitable to produce high alloyed tool steels on an industrial scale. The metal spray-formed tool steel parts proved to have homogeneous, uniform, and fine microstructure if compared with PM or conventionally produced cold-work tool steel especially in texture and mechanical properties. Industrial applications advocate these tools made using spray-formed steel had higher performance and lifetime than those produced through the conventional route. High toughness is required in the case of steel grades used for pressing dies which depends on the contents of alloying elements (chromium, molybdenum, vanadium and tungsten). In the case of drop forging dies wide properties are required and the standard steel grades are different from each other according to their usage in specific type of die or tool parts. A balanced combination of strength, toughness, adhesion resistance and other properties are required. Dies produced using PM or metal spray forming are tested in forged conditions and it was found that the lifetime of the dies is increased on average by 50 % higher than that obtained from the conventional standard tool steel.