I don't know when the original US made Schrade went belly up. These days, most of the Chinese made knives use good steels; it depends on what the importer specifies. For instance, Rough Rider has several patterns made in China, yet they all get rave reviews here.
Personally though, I've always preferred the Rapalla filet knives over the more spendy "name brands" like Case, Schrade, Buck, etc. The Rapala comes sharp, filets/cleans 10,000 bluegills and crapies before it needs sharpened/stropped (ok ... maybe it just seems/feels like 10,000 ...) and cuts bait as well as, or better than, the more expensive blades. My late step father always carried a Case Trapper or Stockman, in his pocket, and considered any other brand to be "junk"; yet he too preferred a Rapalla filet knife, even over the Case filet knife.