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What would you consider to be inexpensive?
Well, I wouldn't call Buck's 420hc the land of carbides. I have too many knives in that range. Thanks though.Most Buck knives........
It's unlikely that the OP is going to know whether a cheap knife has a decent heat treat. So it's almost impossible to meet that requirement. To find the cheapest knife with a good heat treat and a good steel, you'd have to start with a list of steels that have a good heat treat. I've never seen a list like that.
These middle-range steels that people are suggesting are good steels -- and they do have carbides -- but it would be difficult to find a knife these days with a steel absent of carbides. And those steels are not going to give anyone a meaningful experience of what carbides can do for steel performance, especially in the cheapest knife that anyone can find.
The OP has not listed any uses for this steel. Unless we know what the steel is going to be used for, it's pretty difficult to make any recommendation.
If you really want to find out what carbides can do, you have to go to the high-carbide steels, which are going to be powder steels. And if you want a decent heat treat on those powder-steel blades, you'll have to take it on trust. Sure, you can buy a cheap Chinese knife for a few bucks -- or a cheap brand like Gerber. But do you really, really trust that heat treat?
Steels like 440C, 154CM, D2, etc., are good steels, but they are not in the league with the high-carbide steels for edge wear, which is typically what someone wants in a high-carbide steel. Look at where Dozier D2 -- which is likely to have a much, much, much better heat treat and better performance than anything the OP is going to buy -- ranks on Ankerson's list.
Just bite the bullet and buy a decent knife from a well-respected maker in a powder steel. It will cost $100 give or take.
Right, well you're sure right about heat treat being hard to quantify. I do have some experience with AUS8, 1095, and the like, and I've already experienced Chinese knives in 440C which I found to be not much, if all better. So it can be 440C and run soft (or not 440C) for ease of manufacture and that can complicate things.
I already have a Queen Country Cousin and like it a lot. What you're calling the mid range is about what I'm shooting for right now unless you know of a great PM steel which is a good deal. I mean I wanna look at stuff like that as well.
Right now I guess I'm looking for something like the Chinese or Gerbers which someone who knows such things has found to be nicely done. Think I'll go see if Buck still has 440C offerings right now.
edited to add after looking: Boy those counterfeit sites are getting more common. Talk about muddying the waters.
Insipid Moniker: How's the ht/quality/hardness on that Lanksy. That's a bit scary looking for my tastes but hey, it's a tool.
There are a couple Colt branded folders in D2 that go for about $15.
Seriously, though, "inexpensive" and "better steel" are highly subjective.