BG-42, CPM-420V, or CPM-440V would be my number one choices. Very good edge retention, very good corrosion resistance, very strong, not brittle.
154CM or ATS-55 would be my number 2 choices for just about the same reasons but not as good of steels as the above three.
ATS-34, only on Tanto Style blades. Why?
I have found ATS-34 to be somewhat on the brittle side. On a Tanto Blade, the tip is thicker and heavier which makes up for the brittleness of ATS-34. 154CM is the American Version of ATS-34 but there are a few subtle differences in the compostion make up of the blades, I have found 154CM isn't as brittle as ATS-34. There are various steel charts which gives you the make ups of each steel, Spyderco has an excellent steel chart at their web site.
AST-55 stays just as sharp as ATS-34 from my experiences and isn't as brittle either.
Just my opinions on what I prefer and why!
Mark
WELCOME ABOARD FLAVA!
[This message has been edited by Mark W Douglas (edited 03-20-2000).]