The best replacement for tool steel is hss.

The best alternatives to tool steel are rated as following:
★★★★★  hss
★★★★★  carbide
★★★  1095
★★★  carbon steel
★★  d2
★★  h13
★  a2 tool steel
  drill rod
  alloy steel
  d2 tool steel

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tool steel
hss
carbide