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When it comes to styrene, I often use homemade bits for less than #80.I take hard thin wire-- like .008 guitar string and cut it at an angle. The cutter compresses the metal so that you have a sharp point and a burr on the back side. By spinning this on styrene it will make a small hole.
For bits that bend and don't break they would be carbon steel (cheap quality) but they have their place like bell hanger bits which are used to install wire for security systems and such, you can actually bend the drill as you drill through studs to get the hole where you want it. Most drill bits of any kind of quality for metal working are made of high speed steel. HSS. Precision Twist Drill was one of the better USA mfg's of twist drills for eons, but they sold out to the Chinese and everything comes from there. Frankly , there is almost nothing in cutting tools being mfg stateside any more. Everyone was bought. So, the quality of the steel varies and so do your drills. Generally speaking USA mfg is superior to overseas. Carbide is extremely hard but also very brittle, expensive and should only be used in a drill press or other mechanical device, no hand held stuff. It has not lateral strength and therefore snaps easily with hand held drills. HTHDavid P.
I saw the same guy selling his dads stash and bought a pack. Can never have too many bits and I also drill brass with them to attach details.