A normal steel bit will drill through anything softer than itself.
This includes fibreglass, normal steels, aluminium, copper, brass, and cheese.
Try and put a hole into a 12.9 or so bolt head with one. If it's steel it'll fail horribly, if it's carbide, it'll go through. Either way it's going to get really, really hot.
E: Oh, and don't buy '12.9' bolts from the same place you buy those drills, eh?