High Carbon Steel
This material is one of the earliest cutting materials used in machining.  It is however now virtually superseded by other materials used in engineering because it starts to temper at about 220^oC .  This softening process continues as the temperature rises.   As a result cutting using this material for tools is limited to speeds up to 0.15 m/s for machining mild steel with lots of coolant.

High Speed Steel
This range of metals contain about 7% carbon, 4% chromium plus additions of tungsten, vanadium, molybdenum and cobalt.  These metals maintain their hardness at temperature up to about 600^o, but soften rapidly at higher temperatures.  These materials are suitable for cutting mild steel at speeds up maximum rates of 0.8 m/s to 1.8 m/s.

Sintered Carbides
This material usually consists of tungsten carbide or a mixture of tungsten carbide, titanium, or tantalum carbide in powder form, sintered in a matrix of cobalt or nickel.  because this material is expensive and has low rupture strength it is normally made in the form of tips which are brazed or clamped on a steel shank.  The clamped tips are generally used as throw away inserts. 

Coated Carbides
The cutting system is based on providing a thin layer of high wear-resistant titanium carbide fused to a conventional tough grade carbide insert, thus achieving a tool combining the wear resistance of one material with the wear resistance of another.  These systems provide a longer wear resistance and a higher cutting speed compared to conventional carbides.

Ceramics
Ceramics are made by powder metallurgy from aluminium oxide with additions of titanium oxide and magnesium oxide to improve cutting properties. These have a very high hot resistance and wear resistance and can cut at very high speed. However they are brittle and have little resistance to to shock. Their use is therefore limited to tips used for continuous high speed cutting on vibration-free machines.

Diamonds
Diamonds have limited application due to the high cost and the small size of the of the stones.  They are used on very hard materials to produce a fine finish and on soft materials. especially those inclined to clog other cutting materials. They are generally used at very high cutting speed and low speeds. Due to the brittleness of the diamonds the machine has to be designed to be vibration free.