makers have no reason to lie about steel ( well makers who planning to work for some time)
steel is NOT most expensive part , time is .
1st. Bleach extremely corrosive , it will destroy , discolor almost any material (including micarta).
2nd . almost any stainless steel what could be heat treated will rust or corrode in right situation .
elmax is a great steel, but any tool made of steel has its limitations and requires proper maintenance.
use dish washing soap and old tooth brush clean it in warm water and dry it up before storing ,
wiping blade with oil once in the while will help as well.
And this knife will last you for many many years .