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Nice illustration Geof, I was probably not specific enough in my original question as it might be different in my case... The "tool holder" I was refering to is one where you'd bolt on a carbide bit...

I suppose it might depend on the tool holder application but some people feel that the type of steel should be able to "give" in case of an impact and not be too hard that it could damage the...

Looking to find out if anyone can tell me what type of steel is commonly used for the tool holders. We're looking to make our own to save some $$. Ideally a grade that's strong and rigid but would...