The BladeForums.com 2024 Traditional Knife is ready to order! See this thread for details:
https://www.bladeforums.com/threads/bladeforums-2024-traditional-knife.2003187/
Price is $300 $250 ea (shipped within CONUS). If you live outside the US, I will contact you after your order for extra shipping charges.
Order here: https://www.bladeforums.com/help/2024-traditional/ - Order as many as you like, we have plenty.
I think 1055 is good stuff. Very tough and inexpensive. Easily takes a good working edge and holds it a very decent amount of time, especially when you consider that it's used mainly in machetes for chopping.
As with any steel HT is the main thing and Cold Steel nailed it again with their 1055.
I've been very happy with it in the blades I have that use it and have gotten good feedback from those that I've given 1055 blades too also.
ETA:I believe all of Cold Steel's 1055 machetes are produced in South Africa not China so I can't speak to any 1055 blades produced in China as I haven't used any. Sorry but I just noticed that part of your post.
I've only used 1055 in machetes. But for a machete it works great. Takes a good edge with a fine file, and mostly stays sharp in soft wood as long as you don't hit any rocks or something.
I have a 12" sax(?) machete that I use for a pizza knife and I've never even had to sharpen it
I've used the heck out of a 12" barong machete and it's still going strong, lots of chips and dents though from dismantling old furniture full of nails and screws.
I also have an 18" spear point that works well enough limbing trees.
The only thing I did notice is that the steel will still rust through the black finish if you leave it somewhere wet. This only happened with my 18" machete. Which I left in my truck tool box for for a couple of years using it only rarely. Condensation me thinks.