The ratio of carbon to chromium in a steel gives you some idea of how corrosion resistant it will be. Basically, 1 part carbon ties up 10 parts chromium in a carbide. What you have left is the free chromium that prevents corrosion. That's sort of over simplified, but that's the general idea.
However, heat treatment makes a huge difference in how a steel will perform. Unfortunately, you can't really tell how corrosion resistant it will be just by looking at the composition of the steel.
For instance: Doing the above calculation, AUS-8 has 6% free chromium, while VG-10 has only 5%. You would think that AUS-8 is therefore more corrosion resistant, but in a post last year, Sal wrote that VG-10 is actually better.
You might want to check out this thread for some similar information:
www.bladeforums.com/ubb/Forum64/HTML/000161.html
<font face="Verdana, Arial" size="2">GIN-1 and VG10 are also interesting since they have very high Cr. Are they more rust resistant that the ATS34 and ATS55?</font>
VG-10 and GIN-1 are probably both more corrosion resistant than either ATS-34 or ATS-55. I don't know if GIN-1 or VG-10 is better out of that group, or if ATS-34 is better than ATS-55. I've heard people say that ATS-34 is much more corrosion resistant than ATS-55, but I've also heard the exact opposite.
Who knows? ATS-55 has less carbon, but ATS-34 has more molybdenum, which is supposed to improve corrosion resistance.
<font face="Verdana, Arial" size="2">How about CPM440V? How does it compare with say ATS55? It seems to have particularly high C and CR.</font>
CPM-440 is less corrosion resistant than ATS-55 or ATS-34. It just has so much carbon in it.
<font face="Verdana, Arial" size="2">Wouldn't it be great field test to get samples of each steel, place a drop of saltwater on each and then photograph them every few hours to see how fast they rust? Has anyone heard of such tests being done?</font>
Spyderco has a test they do called the "Q-Fog". It's a lot like the test you describe.
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Cerulean
"We cut things to create things" - J.K.M.