I had and have continued to have, the very same problem with 5160 however: only in the one inch and the one and a quarter inch stock. I thought I was doing something wrong till both Harvey Dean and Jerry Fisk confirmed the same problem. For some reason (Bruce B., do you generally use the wider stuff?) the one and a half and up has no such problems. I got my steel, the problem steel that is, from "Security" steel. They are the largest supplyer of spring steel in the country and, my I say, loath to admit any problems with their product. In their defense however I must remind myself that the intended application for this steel is not a little sliver of high priced cutlery, but instead, a damned car spring! I've tried running down other manufactures but there's too many snags.
Now for a remedy. Use 01 for everything less than one and a half inch. It's by far better steel; even Bob Loveless when cornered recently in a "Blade" article had to admit (he currently uses bm-42 (?) and ats-34) that there is but a nat's hair between the edge holding and toughness capabilities of the exotic steels and just properly handled 01.
I have found a place to buy 01 for a price that's just embarassingly cheap 1/4 X 1 1/2 X 3 feet for about 17.00 or so. If you consider what time you have in a knife when those nasty inclusions show up this is a bargain. From what I can tell, this price is about a third of what some vendors sell this steel for; <a href=mailto:mitchwilkins@main.com><fontcolor=red>email</a></font> me at work and I'll get you a phone number.
regards, mitch
Here below is a link to the thread moderated by Jerry Fisk where he awnsers an earlier question an 5160 problems:<a href=http://pub1.ezboard.com/fknifeartcomforumsforgedabsbladesforum.showMessage?topicID=65.topic>click here...</a>
[This message has been edited by anvilring (edited 06-15-2001).]