To break it down into a pair of paragraphs:
Basic groups (this is how we classify it in Russia):
- simple carbon/low alloys: O1, W1-W2, 10**, where ** is the percentage of carbon. 1095 will have .95% or thereabouts. These are easy to work with, etch nicely and easily, but these rust like crazy . Not a good choice for a working knife if the owner is sloppy/lazy. HT is very easy and very forgiving
- alloyed steels: A2, D2 . These have addntl elements added to carbon, to improve various aspects of steel (toughness, abrasion resistance). D2 stands out with 12% Cr. 13% Cr is considered to be stainless, so D2 is pretty darn close. HT is tougher, as inert atmosphere is required.
- highly alloyed: mostly tool steels, used in metalworking, main feature being "red hardness" - ability to cut other metals when in red hot state. .These steels are not frequently used by KMs. Example: M2 . HT is a b*tch
As of the steels above rust rather easily, there is :
- stainless. These all have in excess of 13% of Cr added, to make it rust proof. 440 family (of which only 440C is KM-worthy), ATS-34, 154C(P)M .
HT is comparable to A2/D2. If you want your knife to be maintenance free, these are the only choice.
Now, for quite some time folx been trying to come up with even
better knife steels: S30, S90 etc, including particle-variety (PM). These are for an accomplished KM who knows exactly why he needs these.
If you plan on forging your blades, there are other steels you need to be aware of - 5**** family , but for removal method, that's about it
