The Global Powder High Speed Steel Market was valued at USD 2.54 Billion in 2024 and is projected to reach USD 3.42 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 4.8% during the forecast period (2024–2030). This growth is being driven by increasing manufacturing automation, growing demand for high-performance cutting tools, and the accelerating adoption of Advanced Powder Metallurgy Technologies across automotive, aerospace, and industrial machinery sectors.
As manufacturing industries transform toward precision engineering and operational efficiency, the spotlight is on the key material manufacturers who are driving innovation, performance, and advanced manufacturing capabilities. In this blog, we profile the Top 10 Companies in the Powder High Speed Steel Industry—a mix of steel majors, specialty alloy producers, and technology innovators shaping the future of precision metalworking.
🔟 1. Daido Steel
Headquarters: Nagoya, Japan
Key Offering: DSP, DEX, DEX40, and High-Performance PM-HSS
Daido Steel is among the world’s leading powder metallurgy high speed steel producers, offering advanced PM-HSS grades across global markets. Their specialty steel division serves cutting tool manufacturers, die and mold makers, and precision components manufacturers, with growing investments in atomization technologies and alloy development.
Quality Initiatives:
-
Advanced gas atomization technology development
-
Strategic partnerships with global tool manufacturers
-
Committed to achieving carbon neutrality by 2050
Download FREE Sample Report: Powder High Speed Steel Market – View in Detailed Research Report
9️⃣ 2. Hitachi Metals
Headquarters: Tokyo, Japan
Key Offering: HAP, YXR, High-Performance PM-HSS Grades
Hitachi Metals operates in more than 40 countries and supplies over 50,000 tons of specialty steels annually. It is a significant player in powder metallurgy high speed steel production and advanced alloy development, aiming to meet both performance and sustainability targets in the manufacturing sector.
Quality Initiatives:
-
Advanced PM-HSS research and development
-
Collaboration with automotive and aerospace manufacturers to develop custom alloys
8️⃣ 3. Edelstahl Werk
Headquarters: Witten, Germany
Key Offering: S390, S590, S690 Superclean PM-HSS
Edelstahl Werk’s steel division is expanding its advanced materials portfolio with high-performance PM-HSS through its acquisition of premium steel companies. It is also engaged in powder metallurgy technologies to support manufacturing industry requirements.
Quality Initiatives:
-
High-performance steel alloy development targets
-
Global supply partnerships with precision engineering companies
7️⃣ 4. Aubert & Dural
Headquarters: Paris, France
Key Offering: K190, K490, Super-Hard PM-HSS
Aubert & Dural is one of Europe’s leading high speed steel manufacturers, serving both industrial and specialized manufacturing sectors. The company is heavily invested in powder metallurgy technologies, particularly through nitrogen alloying and advanced heat treatment processes.
Quality Initiatives:
-
Goal of 15% PM-HSS in total product output by 2030
-
Europe’s largest PM-HSS production facility in France
Download FREE Sample Report: Powder High Speed Steel Market – View in Detailed Research Report
6️⃣ 5. Sanyo Special Steel
Headquarters: Himeji, Japan
Key Offering: HAP, PM-HSS, Advanced Tool Steels
Sanyo Special Steel delivers specialty steel materials and services to over 1,000 manufacturers globally. The company provides high-performance alloy options and is advancing the manufacturing of PM-HSS for high-precision applications.
Quality Initiatives:
-
Offers certified PM-HSS to multiple international automotive and aerospace companies.
Quality Initiatives:
-
Targets zero-defect manufacturing across its steel operations
5️⃣ 6. Schmiede Werke Groditz GmbH
Headquarters: Groditz, Germany
Key Offering: Superclean PM-HSS, High-Performance Tool SteelsSchmiede Werke Groditz is a global leader in powder metallurgy steel production, supplying its proprietary high-performance PM-HSS to major tool manufacturers and precision engineering companies worldwide. Its materials are compatible with existing manufacturing processes and tool designs.
Quality Initiatives:
-
Current PM-HSS output: Over 20,000 tons/year
-
Target: 28,000 tons/year by 2026
4️⃣ 7. Nippon Koshuha Steel
Headquarters: Tokyo, Japan
Key Offering: High-Performance PM-HSS, Special Alloy GradesNippon Koshuha Steel serves over 500 manufacturers with advanced steel materials and is a significant PM-HSS provider in the Asian region. It plays a vital role in materials supply chains across Southeast Asia and emerging markets.
Quality Initiatives:
-
Development of wear-resistant steel alloys
-
Research collaborations to scale PM-HSS production capabilities
3️⃣ 8. Eramet
Headquarters: Paris, France
Key Offering: High-Performance PM-HSS, Special Alloy SteelsEramet is a major player in European specialty steel production, distributing advanced materials to over 100 manufacturers across critical industries.
Quality Initiatives:
-
Advanced alloy research and development initiatives
-
Technology transfer partnerships supporting industrial development
2️⃣ 9. Severstal
Headquarters: Cherepovets, Russia
Key Offering: PM-HSS Grades, High-Performance Tool SteelsSeverstal is a key manufacturer in the CIS steel production landscape, converting conventional production lines into advanced metallurgy facilities.
Quality Initiatives:
-
Aims to produce 30,000 tons/year of advanced steel materials
-
Major PM-HSS production capacity expansion underway
1️⃣ 10. Schneider
Headquarters: Marktoberdorf, Germany
Key Offering: PM-HSS, Advanced Steel Alloys, Specialized Tool MaterialsSchneider specializes in the manufacturing of precision tool steels, supporting over 2,000 industrial manufacturers, precision engineering firms, and automotive suppliers worldwide. It is a leader in PM-HSS production and advanced metallurgical services.
Quality Initiatives:
-
End-to-end PM-HSS solutions for global manufacturing companies
-
Strategic partnerships with tool manufacturers and industrial equipment producers
Get Full Report Here: Powder High Speed Steel Market – View in Detailed Research Report
🌍 Outlook: The Future of Powder High Speed Steel Is Smarter and More Sustainable
The powder high speed steel market is undergoing a significant transformation. While conventional high speed steels still dominate in volume, the industry is increasingly investing in advanced powder metallurgy technologies, alloy development, and sustainable manufacturing processes.
📈 Key Trends Shaping the Market:
-
Rapid PM-HSS capacity expansion in Europe, Japan, and North America
-
Industry demand for 15%-25% PM-HSS in precision tool manufacturing by 2030
-
Digitalization of manufacturing processes and quality tracking systems
-
Strategic alliances between steel producers and manufacturing companies for custom alloy development
Get Full Report Here: Powder High Speed Steel Market – View in Detailed Research Report
The companies listed above are not only supplying critical materials for precision manufacturing—they’re driving the technological advancement of modern industry.
Latest posts by Rohit k (see all)- Top 10 Companies in the Ductile Continuous Cast Iron Tube Industry (2025): Market Leaders Powering Global Infrastructure - November 3, 2025
- Top 10 Companies in the Hydroxymethylphenylphosphinic Acid (HMPPA) Market (2025): Advanced Flame Retardant Innovations Powering Material Safety - November 3, 2025
- Top 10 Companies in the Aerospace Carbon Fiber Composite Industry (2025): Market Leaders Shaping Next-Generation Aviation - November 3, 2025
-
