Machining characteristics of tool steels manufactured by electro slag casting process has been investigated in this study. For the estimation of machinability, turning and drilling tests are carried out. The chip shapes at various velocities are investigated for the comparison of turning workabilities of tool steels because the chip shapes reflect characteristics of cutting resistance. In case of drilling test, feed motor currents measured by a hall sensor are used as a measure for the drilling resistance. The machining characteristics of the tool steels are strongly correlated with tensile properties, such as tensile strength, hardness, and ductility. In case of turning workability, it was found to be favoured by the higher tensile strength, while the opposite is true far the drilling workability. The electro-slag casted materials show better turning workability in the viewpoint of chip shapes and, the quenching-tempered electro-slag casted material has relatively better drilling machinability than that of the annealed one.