The Irwin Tools 30507 7/64-Inch Cobalt Alloy Steel 135-Degree - Left Handed-Mechanics Length-Bulk - Pack of 6 is made of M42 Cobalt Alloy Steel Steel. The Cobalt Alloy Steel steel helps discipate heat, which is the killer of all drill bits, providing it with longer life and more durability. The Cobalt Alloy Steel construction allows this bit to drill abrasive materials like Stainless Steel and Cast Iron which are extremely tough on traditional high speed steel drill bits