The Viking steel is a mystery steel even to this day. They have done all sorts of tests and have learned a lot but they still do not fully understand how it was made. One thing I can figure out from what they said is the manufacturing methods are neither easy nor economically practical by today's standards. That is for both Japanese (I think they know quite a bit more how that was made) and Viking sword steel.The viking swords you speak of would have been the Ulfberht blades made of imported "Wootz" possibly closely replicated (steel wise) by Rosellis UHC which indeed is a good steel even by the standards of today.
I've seen a few studies/papers which show that Japanese smiths were able to create a very good carbon steel (at least at the cutting edge) comparible to modern simple carbon steels.
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