I don't think that you will ever be able to know for sure what the steel is in an old saw blade. I made my first knife from a saw blade about like you describe. I still have and, in fact, use that knife. It is a good knife and it reminds me where I started and how far I have come. I will tell you that cutting up a big saw blade is hard and not real safe work. The steel is quite hard so be careful with the angle grinder, Drimmel or whatever. Wear safety glasses. When I made my first knife I had only read the heat treating misinformation given in a very popular book that describes how to set up a knife shop on the cheap. The short version is: Heat the steel till a magnet won't stick to it any more and heat it a little bit more after that. The next thing I was told was to quench the blade in some sort of oil (motor, transmission, canola etc.). And that does work and you get a pretty good knife blade. You get such a good knife blade that it takes a lot of reading and research and effort to make a better one. I believe that starting out on a saw blade is a fairly good place to start. It is a difficult way to begin but it may be that even if the metallurgy leaves a little bit to be desired, the purity of purpose lays a sound foundation. Oh and one more thing; it is also difficult to drill those old saw blades. You really might want to invest in the right diameter carbide drill bit. Be careful. Read. Think. Plan ahead. The best way to learn is to do. Nicholas Jasper