As H13 steel is a common material for cutters of Tunnel Boring Machine (TBM), the research on surfacing remanufacturing performance is of great value. In this paper, the phase composition of the surfacing layer of H13 steel after gas metal arc welding (GMAW) was analyzed by exploring the precipitation of hard phase in the molten pool, and the microstructure evolution of the surfacing layer was revealed. Then, we carried out simulation modeling analysis on H13 steel surfacing remanufacturing. Results show that: (1) the surfacing layer is combined with the base metal by physical metallurgy without obvious defects such as pores, inclusions and cracks in the surfacing layer; (2) the hardness of the surfacing layer is 60 HRC, which is about 1.5 times of that of the base metal; (3) the stress is mainly concentrated in the arc starting and ending points, followed by the external constraints on both sides of the surfacing layer; (4) the deformation of surfacing layer is slight, which does not affect the forming quality of base metal, while the deformation of base metal is relatively severe. This paper verifies the feasibility of H13 steel remanufacturing from experimental and simulation, providing theoretical basis for future engineering practice.