TLDR - Ignore marketing terms and focus on tolerances. If tolerances are not called out, they are bad.
There is no standard within the knife community for defining how steel is made flat. Some names for steel finishes are:
• Belt ground
• Blanchard ground
• Cold rolled
• Flat ground
• Hot rolled
• Mill finish
• Precision ground
• Surface ground
• Time Saver
Some companies use the terms above to intentionally distract from tolerances. If you are looking for flat steel, beware of any process that does not define the tolerances.
None of the terms above define the surface finish, surface flatness and parallelism of both sides of the sheet. Precision and flatness are not the same.
A ground surface finish is determined by the size of the grit of the abrasive, not the machine doing the grinding. In other words, grinding with large grit wheel on a surface grinder is not as smooth as a fine stone on a Blanchard grinder.
A surface can be flat, but not parallel. Surfaces can be parallel and not flat.
Cold rolling can be more precise than grinding. The quality of both processes is determined by the machines and operators.
Chuck