• This magnetic drill is designed for drilling holes in steel fabrication work• It is an ideal portable drilling solution equally suited for use in building sites or the workshop environment and can be used to cut in horizontal, vertical and overhead positions• The magnetic drill uses an annular hole cutter (sometimes called a slugger bit) to cut clean and accurate holes without pre-drilling or step drilling After cutting through the steel the cutter produces a "slug" (a cylindrical lump of steel) that falls from the centre of the cut• Incredible 15,800N magnetic adhesion• Variable Speed• 2 Speed Mechanical Gearbox