The Magnetic base drill removes the material from the metal to create cylindrical holes in a circular cross section. An annular cutter, unlike drill bits, cuts only on the periphery of the hole to be made. Annular cutters use almost the same method as concrete core drills, but are for metal drilling. An annular cutter is a multipoint cutting tool and is made from material like high speed steel and tungsten carbide tips.
Drilling precise holes vertical and overhead into thick steel