Like twist drills and other HSS chucking tools, they are generally of composite manufacture, a carbon steel shank welded onto a HSS "business end", they are not annealed; if one looks at the procedure for annealing or even partially annealing HSS, it is not even reasonably possible to accomplish. Heating HSS up to a full red does not remove more than a few points of hardness, this is what makes HSS such a wonderful thing, it will continue to cut when the tool tip may glow faintly red if the feed is sufficient to land the chip back from the very edge of the tool.
If HSS tools including drills and reamers were made of all HSS and the shanks were hard, a drill chuck could not grip on them sufficiently to drive them for a normally heavy cut, reamers maybe, drills, never. Besides,HSS is too expensive to waste on the shanks.
If HSS tools including drills and reamers were made of all HSS and the shanks were hard, a drill chuck could not grip on them sufficiently to drive them for a normally heavy cut, reamers maybe, drills, never. Besides,HSS is too expensive to waste on the shanks.