so, I am definitely not the expert on steels and would love a little insight...lets say you could only have one knife (what a shame! How could I say such a thing?) What would be the best all around steel to have a blade made out of? I understand that some have better sharpening ability, some better at corrosion, etc. but if you could only choose one, what would it be and why?
It has been my view for some time that the steel alloy used in a knife forms only perhaps 1/3rd of the meaningful attributes for what makes a good knife. Marketing literature from the big cutlery companies tends to emphasize the steel alloy used, but say little if anything about the heat treatment process, beyond some vague reference to a Rockwell hardness. Much of this has to do with commercial production shortcuts, where the minimum time in the furnace nets the best profitability. A custom maker might have a 40 hour process for heat treatment, compared to perhaps a 1-4 hour process for most production knives.
The point is that a "good steel" can receive rather crummy heat treatment due to the very successful tactic of overselling the attributes of the knife based on the reputation of the steel. This can lead to some disappointing results when knife A doesn't perform like knife B even though it's blade geometry and steel are otherwise the same.
Many custom makers use fairly simple low alloy high carbon steels, like 1095, O2 and W2 among the most common, with some use of 5160 (spring steel) and 52-100B (ball bearing steel) favored by a few. Why do most custom knife makers use these steels? Because they are generally much more forgiving, compared to the stainless and high alloy steels, to properly quench and temper within a somewhat wider tolerance to achieve a high quality final result. A custom knife's cost could be said to be driven in some large part by the additional handwork and time invested, among other things, in the quality and care taken during the hardening and tempering processes.
In effect, the steel is chosen as dictated by the tools and the degree of tolerance a specific steel has to allow for the diametrically opposed requirements of hardness (for edge retention) and toughness (to avoid cracking, chipping and breakage). A lot of the reason for the new crucible and high alloy steels is that they take to the mass production environment very well. They can be hardened to a specific hardness and tempered in bulk furnaces such that the finished knives will take and hold a fairly keen edge even without a more complicated heat treatment process.
High alloy steels are still relatively cheap compared to the cost of furnace time, human operator intervention and the various intermediary steps necessary to bring a custom knife to completion. In this respect a well made custom knife will not be equaled by the production blade fabricated in a fancier high alloy or stainless steel, but it could be approximated by said steels and often at much lower cost in at a least a few key areas.
Production knives must compromise on hardness to ensure sufficient toughness for the steel used and the thickness of the blade section, since they are generally more or less uniform in hardness and temper throughout the entire blade, from edge to spine and tip to tang. In custom knives, this is often not the case, as a quality temper job may involve a differential or zone heat treat to achieve a more optimized result with a harder edge relative to the majority of the blade and a tough, springy temper that may be much softer and tougher at the tang than at the body of the blade.
I favor D2, A2 and M4 for edge holding, but they are fairly difficult to work with and when hardened to their full potential are far too brittle for a hard use knife. Some custom makers do a very good job with these higher alloy steels, but they are few and far between, most custom makers do not even attempt to adapt their techniques and tools for the small cross sections of customer's that request these steels, though the results can be amazing.
The ABS Bladesmith organization have a required test which includes performing various cutting chores on 2x4s and rope, the test finishing with a 90 degree bend test with the blade tip locked in a vice. Obviously, the blade has to endure this without dulling or breaking, proving the smith has command over hardening and tempering/annealing. While many production knives can perform the cutting tests demanded with similar performance, very, very few survive the bend test unscathed and most catastrophically fail (granted, many of the ABA blades that survive the test take a permanent bend, but one that can usually be hammered out or reversed without fracture) .
Give the custom makers another look, even with their "simpler" steels you might find that their 1095 based blades perform like a more costly steel from a large production house based in India or China and provide better edge holding and toughness to boot.
With kind regard,
-E