| High-Speed Steel (HSS) | Low-carbon and mild steels, softer alloys, and general-purpose work where toughness is important. | About 20–40 m/min (65–130 ft/min) when cutting mild steel. | Low to moderate; generally lower hot-hardness than carbide. | Low; reference cost index: 1. | Moderate at conservative speeds; may lose hardness more quickly as cutting temperature rises. | Tough, relatively inexpensive, and suitable for interrupted cuts and less rigid setups. | Requires lower cutting speeds and can produce longer cycle times in production work. |
| Cemented Carbide | Steels, stainless steels, cast irons, and many non-ferrous alloys; grade and coating should match the work material. | About 150–250 m/min (490–820 ft/min) for many mild-steel operations; use material-specific data. | High; coatings and carbide grades can improve resistance to abrasion, heat, or built-up edge. | Moderate; reference cost index: about 2–5. | Often high in stable, correctly programmed machining; cutting conditions strongly affect actual life. | Versatile, productive, and widely available in solid-tool and indexable forms. | Can chip or fracture with vibration, poor rigidity, or unsuitable feeds and engagement. |
| Ceramic | High-speed machining of cast iron and selected hardened steels or heat-resistant alloys, depending on grade. | Often about 500–1,000 m/min (1,640–3,280 ft/min) for suitable cast-iron operations. | Very high at elevated temperatures; performance depends on ceramic composition and cutting conditions. | High; reference cost index: about 3–8. | Can be productive at high speeds in continuous cuts, but may be short or inconsistent in interrupted cuts. | Retains hardness at high temperatures and can support very high cutting speeds. | Brittle compared with carbide; sensitive to impact, vibration, and sudden temperature changes. |
| Cubic Boron Nitride (CBN) | Hardened ferrous materials, commonly hardened steels around 45–70 HRC, and some hard cast irons. | About 100–250 m/min (330–820 ft/min) for many hardened-steel turning applications. | Very high against abrasion and heat in suitable hardened-steel applications. | Very high; reference cost index: about 8–25. | High in stable finishing cuts; edge life depends on hardness, depth of cut, and interruption. | Can machine hard ferrous materials and may reduce or eliminate grinding in suitable processes. | High initial cost; not usually economical for soft materials or unstable, heavy interrupted cuts. |
| Polycrystalline Diamond (PCD) | Aluminum alloys, copper, graphite, composites, and other non-ferrous or abrasive materials. | About 500–2,000 m/min (1,640–6,560 ft/min) for suitable aluminum operations. | Extremely high against abrasive wear in compatible non-ferrous materials. | Very high; reference cost index: about 10–30. | Very high in suitable applications, especially long production runs with abrasive non-ferrous materials. | Supports high speeds, long edge life, and excellent surface finish in appropriate materials. | Generally unsuitable for machining ferrous materials at elevated temperatures because of diamond’s chemical interaction with iron. |