What they mean is your tap & dies are low carbon steel (most sets are to hold down the costs). The better sets are High Speed Steel but then again you are going to pay out the wazoo.
Can you guys ID these tools?
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I don't know but isnt the set in the case made by Irwin? Its the same case as the Irwin sets with the tray that comes out and even has the snap button to close the case, the same ones that get rebranded for Snap On, Matco, Mac, Ace and more, just has a different layout with different amount of pieces. I know Vermont makes their own stuff but it just looks like an Irwin set.
I have the Matco branded Irwin sets and got them both from Ebay for under $100 with a couple taps missing