Old junk files are the cheapest source of high quality blade steel I know of (cheap, as in entirely free; I get the slingouts from a local factory) I believe the usual material for files is AISI W-2. Even unhardened, (ie in the annealed state) it's springy and tough, and will keep an edge; conversely, if quenched in suds (water-soluble machinists' cutting oil), it's often possible to dispense with tempering without too much risk of shattering on knife-sized blades. I make 8" - 12" blade heavy cutting knives out of file steel; after forging and contour grinding I just harden, don't bother with tempering, and none of 'em's busted yet.
Finally, I find you can forge file steel at much lower temperatures, down to a barely perceptible red glow, without serious risk of cracking.
As regards the teeth of files; if you forge a file into a blade without grinding the teeth off first, you're effectively forge-welding the teeth into the blade, and you have to grind a heck of a long way down to get rid of those checkered lines (done deliberately with an old rasp, you get a very attractive fish-scale pattern)
As regards burnishing; I was recently given two 3/16" tungsten carbide rods. They make outstanding sharpening steels.