When S30V was introduced (2001), over a few years time, it displaced ATS-34 & 154CM as the defacto standard benchmark steel for quality blades. D2 continued to have a place because it was cheap and held a decent edge if heat treated properly, but it isn't stainless. Bob Loveless was the guy who championed both ATS-34 and 154CM many moons ago. I watched that transition to S30V over those ensuing years. S35VN and S45VN are just incremental modifications to S30V. S30V is still a very good steel, so it's kinda funny to me that people are starting to thumb their noses at S30V, when it's still a very good knife steel, tougher than M390.
“It's tough to make predictions, especially about the future.”
― Yogi Berra
Larrin Thomas' Magnacut is now poised to displace S30V as the defacto standard in the knife industry, and I do not find that hard to predict, even about the future. The key is that it's a breakthorugh in it's balance of properties ... at a given hardness, it's as tough and abrasion resistant (edge holding) as CPM 4V and Cruwear, but it's a near super-stainless, right there with M390/20CV/204P in corrosion resistance. On the corrosion front, Magnacut is only bested slightly by specialty alloys Vanax and LC200N/N360/Cronidur 30/Z Finit, but those steels can not be run nearly as hard as Magnacut. Vanax tops out at Rc61 if the heat treater knows his business. I think LC200N tops out at Rc60 but Larrin's papers speak to that. Magnacut can be run out to Rc65 although that might be a couple points too high to be safe.
We just need Crucible to ramp up Magnacut production, and the big production houses (Spyderco, Benchmade, Kershaw/ZT) will adopt it for premium knives as the prices come down. Watch Chris Reeve Knives...