High Speed, Low Drag? No just kidding.And more specifically, “high speed tool steel”.
I should expand and say I use the term tool steel when I talking to someone about my knife and while they're not dumb people but their only exposure to pocket knives or any other cutlery is stainless and they'll comment on the finish not being polished shiny. Then I can explain that a tool steel is more like an old wrench in their toolkit that isn't shiny anymore but it's not rusty either. That usually makes a good connection for them.
I try not to be too explainy/superior and it translates well. Anyone I know who has experience with high speed tool steel would see the tang stamp and connect the dots.