The blade on mine is carbon steel, hardened pretty soft so it sharpens pretty easy. It's not a very high polish, so it will rust fairly easy. Just keep it wiped down & lubed. The grinds came good. Not hair shaving or anything, but easy to get there as it's fairly thin.
The non locking blade isn't me favorite. Mostly due to it's lack of comfort than anything else. I'd hate to have to do a lot of hard cutting with it without a better grip arrangement. Good price, and good steel, easy to sharpen. That about sums it up.