Tungsten carbide punches and dies, well supported and properly aligned, is satisfactory for blanking and punching. Good ferrous and non-ferrous wire is drawn through a series tungsten carbide dies in a process of elongating and reducing the wire's diameter.
Recommended Grade for tungsten carbide dies: YG6, YG8, YG6X, YG8X, YG15, YG20C, YD40, YD45 etc.