Yes, look up the recommended top speed for drilling steel with your desired drill size. The small benchtop drills tend to run very fast. They are usually designed for wood or small holes in light metals.
I have an old 21" drill press, intended for metalworking. It has back gears and must turn down to 20 RPM. It's much less than once per second. It was advertised for up to a 1.5" hole. With that machine, there is oil everywhere, so you might as well put some on the tip of the drill while you're at it.
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