I know nothing about the alloy of fork lift forks, but I've yet to see a steel that is too hard to make a knife out of. If it is hardenable then it can be tempered and thus made of some use in making a knife.
Whether or not it would make a "good" knife is another question all together.
It would be an interesting exercise to try to harden and temper a piece and see just what it does.
Thanks for the info Doug, while cleaning out our barn last weekend I found 2 old forks from a lift we used to have and I couldn't bring myself to throw them out in the scrap pile. I'm very tempted to cut a small piece and test the steel.
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