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Smith & ARROW Twist Jobber Drill Bits come in M35 and M2. M35 is 5% cobalt. Metric & imperial. Metal HSS M35 is for stainless steel (for mild / black steel, purchase our M2 drill bits). Fully ground, 135 degree split point bits that are designed for daily professional use in the workshop, or out in the field – they will not let your business down.