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What is the benefit of a drop forged knife?
Is this more regarding the one-piece construction or the drop forged method?
One-piece because it's stronger and you dont have to worry about handle coming loose, and the less of a weak point between the blade and the tang.
Drop forged because it's cheaper to mass produce than stock removal IMO(less wasteful of the material and grinding tool). Also different people have different opinion(also subject to variables like material used and manufacturing method), but i think forging make it stronger.
http://www.sheldonbrown.com/dp-forging.html
Refer to the manufacturing of axes or hammers for example, it probably doesn't make sense to grind/CNC them.