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does it cost a lot more to make VG10, 154cm, D2 and other good blade steels, than for those steel types that doesn't do quite as well as blade steel?
are the good steel types harder to make? or else I guess cheaper knives would have them too.
I spoke to FARID the other day about his work with CPM REX 121. Although the steel itself is very expensive, the cost in belts to grind it was at least double that of the steel cost and that isn't even accounting for the extra time it takes.
Check the price difference between cpm steels and something more mundane like 5160, to that difference you can add quite a bit of labor and abrasive for any operations done after heat treat. You could also consider the much higher temperatures and longer hold times involved in heat treating very highly alloyed steels, which increases costs as well.