it has been my experience that the 154cm steel used in microtech, emerson, and mod knives is much better overall in edge retention, ease of resharpening, and overall toughness than any ats-34 blade i have ever used.....154cm and ats-34 are very close in composition but not exactly the same....quoting from the chart that spyderco puts out 154cm has 1.05 percent carbon, 14 percent chromium,.50 percent maganese, 4.0 percent molybdenum, and .30 percent silicon....ats-34 is made of 1.05 percent carcon,14 percent chromium, .40 percent maganese, 4.0 percent molybdenum, .03 percent phosphorus, .35 percent silicon, and .02 percent sulphur....they are close but not exactly the same....i think the way the steels are smelted/mixed/processed as well as rolled when hot, not to mention heat treated, quenched, and hardened makes for some difference also in the manufacturing process as well as the way the knife makers put an edge on the final blades.....i have been impressed with 154cm's overall performance but not its rust resistance....nothing about ats-34 impresses me.....i'll take aus8a steel any day over ats-34....and dont even get me started on that joke of a steel ats-55...my overall favorite is bg-42 which is basically 154cm with a dash of 1.2 percent vanadium which gives me the performance qualities of 154cm and the rust resistance i like...just my .02cents worth...thanks...feverdoc@yahoo.com
[This message has been edited by feverdoc (edited 01-05-2001).]