What are these drill bits called?

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They are quite inexpensive as they show carbide teeth. They must be used in a drill press at a slow speed (300 RPM or so). To cut steel you should use a cutting fluid. The traditional fluid is a mixture of kerosine and lard. The steel should be backed up by something solid such as a hardwood board. Also be sure the steel is clamped to the drill press table.

A stepped drill bit will also work but is more expensive and is not carbides so it dulls much faster.

A chassis punch is good for thin steel typically under 2 mm. But good ones are expensive, but mine are still quite good after 40+ years. I do sharpen them before each use!
 
The Q-MAX sheet Metal Punches that I am familiar with look a little different than the Ebay ones. They don't have a large hexagonal head part. Check out BuckandHickman.com for hopefully genuine ones.
The picture shows one part of the punch off centre which concerns me. Also the quality of the steel is all important. Q-Max and Greenlee are well respected. It depends how much you trust the seller.
 
I use a high grad oil on the threads, such as Mobil 1. It reduces wear and friction. On the cutting edges you want a different lubricant, kerosine and lard oil is good, Tapmagic is better.

Be sure to sharpen the punch before each use. I use a sheet of 400 grit silicon carbide sandpaper. Place one side of the punch flat on the paper and trace a figure 8, then do the other cutting side. Rotate the punch half a turn and do it again. Keep repeating until you don't notice any change in the drag of the tool.
 
I've never had to sharpen any of mine. I only cut alluminium and very thin plate steel.

They are over 10 years old now and working fine.

Try it and see if you notice a difference. Aluminum sometimes leaves a residue on the edges that makes punching slightly harder. Steel does dull punches, but it really depends on thickness.

Some of my machine tool punches are expected to be able to punch 300,000 holes before needing to be replaced. I am on my third set for some!
 
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