To put it in perspective, you have to look at steel like you would a car. Some are made to do very specific things, others are used for more general purposes. Some more expensive, with certain performance increases, some just fancy for the sake of fancy.
I'm not a metalurgist, so I don't know all the ins and outs of each alloy, but I think I've got a pretty good idea.
Sandvic 13C26 is a good all around steel. It resists rust well, holds a decent edge, and most importatnt for Kershaw is it can be fine blanked to stamp out the blade shape (as soon as you need lasers, the cost shoots throught the roof).
14C28N is exclusive to Kershaw, made to one up 13C26 and still use the cost-efficient fine blanking process. It's both more wear resistant (better edge holding) and significantly more rust resistant. This will replace 13C26 as their flagship steel.
Thanks Joshua! I've been wanting to now the difference between D2 and CPM D2 steels.
CPM D-2 is made by Crucible in the U.S. and is in my opinion one of the most balanced steel types available. It is an upgrade from the classic tool steel, D-2. Where D-2 is very wear resistant and decently tough, its major flaw has always been a huge carbide structure (why, I don't know, that's one of those things only a metalurgist could explain), which would limit how thin an edge you could put on it. While not a problem for most people, it is an oddity for knife steel. When you take the D-2 formula, and use it with the CPM process, it is an all around upgrade. You get a fine grain structure, with increased toughness and hardness. While it still won't technically compete with S30V in edge holding, it should be in the same league, with a little extra toughness.
Here's a basic rundown of the CPM process.
http://www.crumetals.com/products/CPM/index.cfm
S30V is Crucibles most common CPM knife steel. It is a bit of an anomaly in the steel production world in that it was specifically developed as a knife steel, where most steel types are developed for various industrial purposes and adapted for use in knives.
S30V will hold an edge better than most other steel types, due to a high percentage of Vanadium, which produces the hardest carbides you can get in steel. S30V was developed to be a high performance knife steel, good edge retention, good toughness, and good stain resistance. It doesn't go to the extreem in any one area, but it does do very well in all.
Metal injection molded 440C is just that. 440C that is shaped by injecting it into a mold.
440C was the staple high end stainless steel up until the 90's, when 154CM became popular, and then the more recent S30V. If you count S30V as the standard, 154CM is one step below, with 440C being another (small) step down from that. They all hold a good edge and are decently tough.