Elmax is an excellent stainless steel. In my opinion, it has covers a wider range of use than any other stainless steel. If you heat treat it to the high 50's it has excellent toughness. When heat treated to HRC 62 Elmax out cuts CPM M4. Amazing versatility.
However, there is a downside for custom knifemakers. When Elmax (and M390) are HIP'ed, the powder is put into a 300 stainless steel can. After the HIP, the billet is rolled into sheet. The can remains on the outside of the sheet. This has caused problems for knifemakers who do not surface grind their steel. If the 300 stainless can is not removed, you can see a visible line where the can and Elmax meet. When rockwell testing, the hardness shown is the 300 stainless.
Carpenter had this same problem. When the problem was recognized, Carpenter pulled the steel and ground off the can from the sheet. Carpenter now removes the can after the HIP is run.
Bohler Uddeholm has know about this problem for a few years. They say they will not remove the can because no one has complained. We have complained for years. Two years ago we stopped stocking Elmax and M390. We told BU we would not stock the steel until they removed the can. We've explained to knifemakers why we stopped selling the steel and told knifemakers to express their concerns to BU.
This year at Blade show the BU representative stopped by our booth and said they had received many complaints regarding the HIP can. He said BU had received the message and would remove the can. Two weeks ago BU told us they changed their mind and will NOT remove the can.
If you like Elmax & M390 and don't like the HIP can, tell BU. If enough people complain, they might remove the can.
Chuck