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Best Drill Bits for Steel: Top High-Speed Steel and Cobalt Options Reviewed

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Drilling through steel requires specific material compositions and tip geometries to ensure efficiency and longevity. Whether you are tackling hardened steel or thin sheet metal, the market offers various drill bit types, ranging from M2 high-speed steel to cobalt-coated options. Selecting the right set depends on the thickness of your material, the required hole size, and the specific hardness of the metal you are machining. High-speed steel remains a standard for general metal applications, while cobalt additives provide enhanced heat resistance for tougher alloys. Understanding these differences helps identify which drill bits are best suited for your workshop tasks while ensuring compatibility with your current power tool setup.

When evaluating drill bits for steel, consider the shank design and point geometry. Split-point tips are essential for preventing bit walking on hard surfaces, while reduced shanks allow larger bits to fit into standard half-inch chucks. Titanium nitride coatings often improve the wear resistance of bits used on metal, wood, and plastic. For those needing to resize holes or work with thin materials, step bits offer a versatile solution. This comparison outlines the features of five distinct drill bit sets, focusing on material construction and intended application to help you make an informed choice for your next steel-drilling project.

How this guide was prepared: We compared the supplied product information, feature sets, ratings, and likely use cases. This is an editorial comparison and not a claim of hands-on or laboratory testing.
Best Overall
EFFICERE 17-Piece Premium 1/2” Reduced Shank Silver and Deming Drill Bit Set | Large and Jumbo Standard SAE Drill Size from 1/2” to 1” by 1/32th Increment | M2 High Speed Steel, 135-Degree Split Point

1. EFFICERE 17-Piece Premium 1/2” Reduced Shank Silver and Deming Drill Bit Set | Large and Jumbo Standard SAE Drill Size from 1/2” to 1” by 1/32th Increment | M2 High Speed Steel, 135-Degree Split Point

★ 4.7 out of 5 stars

This 17-piece set features M2 high-speed steel construction designed for large-diameter drilling tasks. The bits range from 1/2 inch to 1 inch in 1/32-inch increments, making them suitable for heavy-duty requirements. Each bit utilizes a 135-degree split point to assist with centering and reducing walking when starting a hole in steel. The 1/2-inch reduced shank design allows these jumbo bits to be used with standard drill chucks, providing versatility for users who do not have large industrial machinery. With a 4.7-star rating, this set is positioned for users who need a comprehensive range of larger sizes for professional or frequent shop use.

Best for: Large-diameter drilling in steel requiring precise 1/32-inch increments.

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Highlights

  • 17-piece set with 1/2-inch to 1-inch sizes
  • Durable M2 high-speed steel construction
  • 135-degree split point for easier starts
  • 1/2-inch reduced shank fits standard chucks

Keep in mind

  • Limited to large diameter holes only
  • May require significant torque for 1-inch holes
Best Value
DEWALT Drill Bit Set, 21 Pc. Titanium Nitride Coated Pilot Point DEWALT Bit Set with Case for Wood, Metal and Plastic (DW1361)

2. DEWALT Drill Bit Set, 21 Pc. Titanium Nitride Coated Pilot Point DEWALT Bit Set with Case for Wood, Metal and Plastic (DW1361)

★ 4.8 out of 5 stars

With a 4.8-star rating, this 21-piece set is designed for versatility across wood, metal, and plastic. The titanium nitride coating is intended to enhance the durability of the bits during operation. Featuring a pilot point design, these bits aim to start on contact, which is helpful for maintaining accuracy when working with steel surfaces. The set includes a variety of common sizes, providing a wide range of utility for general workshop projects. The inclusion of a storage case helps with organization, making it a convenient option for those who frequently switch between different material types and hole sizes in a home or professional shop environment.

Best for: General-purpose drilling across varied materials including metal.

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Highlights

  • 21-piece versatile drill bit set
  • Titanium nitride coating for wear resistance
  • Pilot point tips for accurate contact
  • Includes a protective storage case

Keep in mind

  • Titanium coating may wear off over heavy use
  • Not specialized exclusively for hardened steel
Best Premium
ZELCAN 10 Sizes Titanium Step Drill Bit, 1/4 to 1-3/8 Inches High Speed Steel Drill Cone Bits for Sheet Metal Hole Drilling Cutting, HSS Multi Size Hole Stepped Up Unibit for DIY Lovers Electrician

3. ZELCAN 10 Sizes Titanium Step Drill Bit, 1/4 to 1-3/8 Inches High Speed Steel Drill Cone Bits for Sheet Metal Hole Drilling Cutting, HSS Multi Size Hole Stepped Up Unibit for DIY Lovers Electrician

★ 4.4 out of 5 stars

This titanium-coated step drill bit is engineered for sheet metal applications, offering 10 distinct sizes ranging from 1/4 inch to 1-3/8 inches. Constructed from high-speed steel, the cone design allows for drilling, cutting, and deburring in one motion. It is specifically marketed toward electricians and DIY enthusiasts who need to create various hole sizes in thin metal without constantly changing bits. The stepped structure provides a clear progression for hole expansion. With a 4.4-star rating, it serves as a specialized tool for sheet metal work, simplifying the process of creating holes in confined or thin-walled metal components.

Best for: Drilling and enlarging holes in thin sheet metal.

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Highlights

  • Covers 10 hole sizes in one bit
  • High-speed steel with titanium coating
  • Designed for sheet metal and hole enlargement
  • Compact solution for electricians

Keep in mind

  • Not suitable for thick or heavy steel plate
  • Fixed increments may not match all hole requirements
Best Compact
EFFICERE 8-Piece Premium 1/2” Reduced Shank Silver and Deming Large Drill Bit Set in Aluminum Carry Case, M2 High Speed Steel, 135-Degree Split Point | SAE Inch Size 9/16” - 1” by 1/16th Increment

4. EFFICERE 8-Piece Premium 1/2” Reduced Shank Silver and Deming Large Drill Bit Set in Aluminum Carry Case, M2 High Speed Steel, 135-Degree Split Point | SAE Inch Size 9/16” - 1” by 1/16th Increment

★ 4.3 out of 5 stars

This 8-piece set offers a selection of larger drill bits ranging from 9/16 inch to 1 inch in 1/16-inch increments. Like its 17-piece counterpart, it features M2 high-speed steel and a 135-degree split point for improved penetration into steel. The bits are supplied in an aluminum carry case, which aids in protection and organization. The 1/2-inch reduced shank design ensures compatibility with standard drill chucks, despite the larger drill sizes. Holding a 4.3-star rating, this set is tailored for users who specifically need larger increments for their steel fabrication or drilling tasks without the need for the smaller, more granular size variations.

Best for: Fabrication projects requiring larger, standard-sized holes.

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Highlights

  • 8-piece set in a durable aluminum case
  • M2 high-speed steel material
  • 135-degree split point geometry
  • 1/2-inch reduced shank for standard chucks

Keep in mind

  • Fewer size options compared to larger sets
  • Limited to 1/16-inch sizing increments
Best for Pros
21-Piece 3-Flute Cobalt Drill Bit Set, M35 Metal Drill Bits, 1/16"-1/2" | for Metal, Steel, Hardened Steel, Stainless Steel, Cobalt Coating, 3-Flats Shank, 135° Split Point Tip, with Storage Case

5. 21-Piece 3-Flute Cobalt Drill Bit Set, M35 Metal Drill Bits, 1/16"-1/2" | for Metal, Steel, Hardened Steel, Stainless Steel, Cobalt Coating, 3-Flats Shank, 135° Split Point Tip, with Storage Case

★ 4.4 out of 5 stars

This 21-piece set features M35 cobalt-coated bits designed specifically for challenging materials, including hardened steel and stainless steel. The 135-degree split point tip is intended to prevent the bit from wandering on hard, smooth surfaces. A notable feature is the 3-flats shank, which is designed to provide a secure grip in the drill chuck to prevent slipping during high-torque applications. With sizes ranging from 1/16 inch to 1/2 inch, this set covers the most common drilling needs for metalworkers. The 4.4-star rating reflects its utility for those working with tougher alloys that typically cause faster wear on standard high-speed steel bits.

Best for: Demanding drilling tasks in stainless or hardened steel.

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Highlights

  • M35 cobalt construction for heat resistance
  • 3-flats shank for secure chuck grip
  • 135-degree split point for hard materials
  • Includes a comprehensive storage case

Keep in mind

  • Cobalt bits can be more brittle than standard steel
  • Requires careful handling to avoid snapping
Buying guide

How to choose

Material Composition

When drilling into steel, the material of the drill bit is the primary factor for performance and longevity. High-speed steel (HSS) is a common choice for general-purpose metal drilling, while M35 cobalt steel provides increased durability for harder materials like hardened or stainless steel. Titanium nitride coatings, found on some sets like the DEWALT DW1361, are designed to extend the life of the bit by reducing friction and heat during operation. Always verify the bit material matches the hardness of the steel you intend to penetrate to prevent premature dulling or catastrophic breakage.

Bit Geometry and Point Angles

The geometry of the drill bit tip significantly impacts its ability to penetrate steel surfaces. A 135-degree split point, featured in the EFFICERE M2 and the 21-piece M35 cobalt sets, is specifically designed to prevent the bit from walking or skating on the workpiece surface. This feature is essential when starting holes in steel without a pilot hole. The split point design reduces the amount of pressure needed to engage the metal, allowing for cleaner entries and improved control during the drilling process compared to traditional, flatter point geometries.

Shank Design

The shank design determines how the bit interacts with your power tool's chuck. Reduced shank drill bits, such as those in the EFFICERE 17-piece and 8-piece sets, allow larger bits (up to 1 inch) to fit into standard 1/2-inch chucks. Conversely, 3-flats shanks, as seen on the M35 cobalt set, provide a secure grip to prevent the bit from spinning inside the chuck during high-torque applications. Choosing the correct shank ensures compatibility with your existing equipment and maintains stable power transmission during heavy-duty drilling tasks in thick steel or sheet metal.

Size Range and Increments

Your project requirements dictate the necessary size range and precision increments. If you need a broad selection for standard hole sizes, the EFFICERE sets offer incremental sizing from 1/2 inch up to 1 inch. For tasks requiring a range of smaller diameters, a standard 21-piece set like the DEWALT DW1361 or the M35 cobalt set covers 1/16 inch to 1/2 inch. For specialized tasks involving thin sheet metal, a stepped drill bit like the ZELCAN 10-size cone bit provides a versatile solution for creating multiple hole diameters with a single tool.

Coating and Heat Resistance

Drilling into steel generates substantial heat, which can soften standard drill bits and reduce their cutting efficiency. Cobalt-coated M35 bits are engineered to maintain their hardness at higher temperatures, making them highly suitable for drilling through hardened or stainless steel. Titanium nitride coatings offer a different approach by providing a hard, low-friction surface that helps dissipate heat and minimize wear. When selecting your bits, consider the expected heat levels of your specific project; choosing a set with appropriate heat-resistant properties is crucial for maintaining edge sharpness over repeated use.

Common questions

Frequently asked questions

Which drill bit material is best for stainless steel?

For drilling into stainless steel and hardened steel, M35 cobalt drill bits are generally considered the most effective choice. The cobalt content allows the metal to maintain its structural integrity and hardness even when exposed to the high temperatures generated during the drilling process. While HSS and titanium-coated bits are sufficient for softer metals and general-purpose projects, M35 cobalt bits provide the necessary heat resistance and durability required to penetrate the dense, difficult-to-machine characteristics of stainless steel without dulling quickly.

Can I use standard drill bits for sheet metal?

While standard twist bits can drill sheet metal, they often leave jagged or oversized holes. A stepped drill bit, such as the ZELCAN 10-size HSS cone bit, is specifically optimized for this task. The stepped design allows you to drill a hole and deburr it simultaneously as you transition to the next diameter. This prevents the bit from catching or tearing the thin material, resulting in a much cleaner, more precise hole than a traditional twist bit would typically produce.

Why does my drill bit walk when starting a hole in steel?

Drill bits often walk or wander on steel surfaces because the tip cannot find an immediate purchase point. To prevent this, look for bits with a 135-degree split point, which is engineered to self-center and bite into the metal immediately upon contact. Using a center punch to create a small indentation before drilling also provides a secure starting point. This technique ensures the bit stays exactly where you intend, reducing the risk of surface damage and improving overall drilling accuracy.

What is the benefit of a reduced shank drill bit?

A reduced shank drill bit is designed to allow larger diameter bits—typically those ranging from 1/2 inch up to 1 inch—to be used in a standard 1/2-inch drill chuck. Without a reduced shank, these larger bits would be physically too wide to fit into the chuck of common handheld power drills. Sets like the EFFICERE 17-piece Premium collection use this design to expand the utility of standard workshop drills for larger hole-making tasks in steel and other materials.

How do I ensure my drill bit does not spin in the chuck?

To prevent a drill bit from spinning inside your tool's chuck, look for bits with a 3-flats shank design. The flat surfaces on the shank provide a mechanical lock against the jaws of the chuck, ensuring a more secure grip during high-torque operations, such as drilling through thick steel. Always ensure the chuck is tightened evenly and securely around the shank. If you are using a standard round shank, verify that the chuck jaws are fully closed and free of debris.

Verdict

Bottom line

For the most demanding applications involving hardened or stainless steel, the 21-Piece 3-Flute Cobalt Drill Bit Set (M35) stands out as the superior choice. Its cobalt-infused composition is specifically formulated to withstand the intense heat generated when cutting through high-density alloys, ensuring the 135-degree split point remains sharp through multiple passes. While standard HSS bits are capable, the heat-resistant properties of M35 cobalt provide a significantly longer service life in harsh metalworking environments. The inclusion of a 3-flats shank further enhances its utility, preventing slippage in the chuck during high-torque drilling. This set represents the most robust option for users who require consistent performance and professional-grade durability when working exclusively with steel materials.

Deciding which set to purchase depends on the specific steel project at hand. If your primary goal is drilling thin sheet metal, the ZELCAN 10-size step bit offers the best efficiency and finish. For general-purpose metalworking where you need to create larger holes, the EFFICERE 17-piece reduced shank set provides the necessary size range for standard chucks. For everyday projects involving a mix of wood, plastic, and mild steel, the DEWALT 21-piece titanium-coated set is an excellent, versatile all-rounder. Prioritize cobalt sets for hardened materials, titanium coatings for reduced friction in general use, and stepped bits for thin, flat metal surfaces to ensure the best results.

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