ALL steels, being ferrous alloys, are magnetic. This means that they generate eddy currents when moved through a magnetic field, just like the copper armature of your grand father's automobile generator did. Note that the Cu is magnetic, and things like Co and Al are magnetic as well.
But they (Cu, Co and Al) are not FERROMAGNETIC. This is a state in which a piece of alloy, when exposed to a magnetic field, will form permanent magnetic domains. Just like the ferric oxide particles on a cassette tape will when they go past the record head. Just like a needle will, if rubbed by a permanent magnet.
You are talking about a steel knife which is not only magnetic, but has been magnetized. There is no particular advantage to having a knife of this sort. It will tend to pick up ferromagnetic shavings of all sorts, and stick to steel cases of electronic machinery if you are working inside. Usually this problem is stated in the reverse: my knife has become magnetized, how can I demagnetize it? The answer is using a degaussing tool of sufficient size. They used to come fairly large. During WWII, one type of detonator of torpedoes was based on the presence of a magnetic field of a ship. They constructed degaussers large enough to degauss entire ships.
Hope this helps, Walt