Chrome vanadium steel is a type of alloy steel that contains chromium and vanadium as its primary alloying elements. This combination enhances the steel's strength, toughness, and resistance to wear and fatigue, making it ideal for tools and machinery. It is commonly used in the production of hand tools, automotive components, and industrial equipment. The addition of chromium improves corrosion resistance, while vanadium contributes to the steel's hardness and ability to withstand high temperatures. Together, these properties make chrome vanadium steel a popular choice for applications requiring durability and reliability, such as wrenches, sockets, and drill bits.