I just got my new Cold Steel Special Projects catalog and was shocked to see they changed the steel on the Leatherneck from their high carbon SK-5 to their (what I perceive to be) kitchen knife steel; German 4116. Now I have a knife in 4116 and while it is impressive for what it is, it is NOT a hard use steel. Seeing this was a shock but then when you see the change of the SRK from HCS to AUS8 I guess Cold Steel has now fully adopted their style over substance philosophy.