Why is high speed steel a suitable metal for the construction of drill bits?

High-speed steel (HSS) is suitable for the construction of drill bits due to its exceptional hardness, wear resistance, and ability to maintain sharp cutting edges at high temperatures. Its ability to withstand the heat generated during drilling allows for efficient cutting without losing its strength. Additionally, HSS can be easily sharpened and is cost-effective compared to other high-performance materials, making it ideal for both industrial and DIY applications.