Strength is the ability to resist deformation and breakage. In terms of knives, it usually applies to how difficult a knife is to bend and how far it can be bent before retaining some permanent bend when released. My definition of toughness (there are many, depending on who you ask) is the ability to withstand impacts without cracking or breaking, such as in chopping and such. In general softer steels have less strength, but wont crack if you're chopping weeds and hit a rock by accident. They may bend, dent or ripple however. Most steels reach maximum toughness at a strenth level that is too soft for a good knife. Within the strength range for knives, some high toughnesses can be found, but its a balancing act, and they are generally thought of as inversly related.