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Jay is correct. It's a modern, high-tech powder that is extremely tough and holds an edge extremely well. It is not stainless. I like it best for choppers.
CPM-3V will throw sparks off a firesteel, but I don't find it especially good at that. But a lot depends on the spine thickness and spine profile. I personally prefer to attach a piece of hacksaw blade to my firesteel. It doesn't add weight or take up any meaningful extra space, but it works a lot better for sparking and saves your knife from scorching/scaring/marring.
Other steels you might like are CPM-M4, which is not quite as tough as 3V, but holds an edge better. In stainless, M390 and Elmax are two of my favorites. Super blue (non-stainless) in my Spyderco Mule is a great sparker and a great steel.
What exactly is CPM 3V without getting into all the scientific terminology.
What exactly is CPM 3V without getting into all the scientific terminology. Is similar to or more of a stainless steel? Can a blade of CPM 3V throw a spark with a firesteel?