IRWIN 3016014 Jobber Drill Bit, Spiral Flute, 2-1/2 in L Flute, Straight Shank, 7/32 in Dia x 1-1/4 in L Shank               High-speed steel with M-35, 5% cobalt, for higher heat and abrasion resistance; heavy-duty web construction for strength and durability. Split point begins drilling immediately, minimizing bit walk when used in applications such as metal drilling, including heavy-duty abrasive alloy metal drilling on hardened steel (heat-treated).