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The demands on valve seat insert materials, in terms of providing greater wear-resistance at higher temperatures, enhanced machinability and using non-environmentally hazardous materials at a reasonably low cost have intensified in recent years. Due therefore to these strong demands in the market, research was made into the possibility of producing a new valve seat insert material. As a result a high speed steel based new improved material was developed, which satisfies the necessary required demands and the evaluation trials, using actual gasoline engine endurance tests, were found to be very successful.

Generally, cobalt-contained sintered materials have mainly been applied for exhaust valve seat inserts (VSI). However, there is a trend to restrict the use of cobalt as well as lead environmental law, and cobalt is expensive. To solve these problems, a new exhaust VSI on the assumption of being cobalt and lead free, applicable for conventional engines, having good machinability, and with a reduced cost was developed. The new exhaust VSI is a material dispersed with two types of hard particles, Fe-Cr-C and Fe-Mo-Si, in the matrix of an Fe-3.5mass%Mo at the ratio of 15 mass % and 10 mass % respectively.