A method for using a cutting tool holder

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The invention relates to a steel containing in weight-% : 0.3-0.5 C, from traces to max. 1.5 Si, 0.2-1.5 Mn, max. 0.03 P, preferably max. 0.025 P, 0.01-0.2 S, 4-7 Cr, from traces to max. 1 Ni, 0.5-2.0 Mo, which can completely or partly be replaced by the double amount W, from traces to max. 1 Co, 0.2-1.5 V, from traces to max. 0.5 Nb, from traces to a total of max. 0.2 % of rare earth metals, balance essentially iron, impurities and accessory elements in normal amounts, as a material for cutting tool holders.