To break in a metal cutting blade: (usual portaband blade is around 12-14TPI)
1) Set the saw speed to the desired speed. (usually around 200SFM)
2) Use a bar of steel about 1/4" thick. (annealed 1080 is a good choice). Mark the bar at 1" intervals with a sharpie.
3) Feed the steel into the blade using a wooden pusher block at about 25% of the normal feed rate. After about a minute of cutting, gradually increase feed rate to full speed. (normal feed rate is around 6" per minute for 1/4" stock) Start with cutting the first 1" line in 1 minute, then the next line in 30 seconds, , ending by cutting a 1" line in 15 seconds. At this point the blade is ready to cut up blade stock.
Pro Tips:
Don't expect a portaband to cut much of a curve. Cut multiple straight cuts to get a rough shape and grind in the curves. Trying to cut curves will greatly shorten the life of the blade ... or destroy it. If you try to cut a tight curve you will wear the teeth badly on one side. This makes the blade try to cut a curved line. If you can't cut straight without angling the sheet of steel, just change the bade ... because you have ruined it.
As a rule of thumb, a portaband can cut a curve that arcs about 1/4" in 2" of cut. That might work for a blade belly, but handle curves should be ground in.
50 grit ceramic belts are cheaper than good bandsaw blades. Use belts to get final shapes and curves! Let the bandsaw do what it does best - cut straight lines.
Don't try and cut hardened metal. If it won't cut easily, anneal it first. Cutting hardened metal will shorten the life of the blade ... or destroy it in 60 seconds.
Stainless steels are much tougher to cut. Slow the speed down by 50% (around 100 SFPM), slow the fed rate by 50% (around 2-3 IPM).
Use a little cutting fluid/lubricant. (Smoothsaw and Lenox Band-Aid are good water soluble lubricants.)
A cheap Kool-Mist clone from Amazon is also a great idea for a portaband. It can be set to barely deliver more than a fine cold mist.
If you cut a lot of steel, consider a coolant flow setup on a modified HF 4X6.