The grade depends on how dense the steel is in the bloom, and how much carbon is in that chunk. It comes as a spongy mass of slag looking black stuff...with a few peeks of steel showing.
Be forewarned that it is a lot of work to reduce these spongy masses of tamahagane into a bar of steel and then to fold it ten or twenty times. The final result can be about half the starting lump's weight. That can bring the final billet up to $300-400 per pound.
If you are not willing, able, and experienced enough to do the work, it is far better to buy Dictum's finished Hitachi steels. This steel makes superb blades:
https://www.dictum.com/en/materials...eel-core-white-paper-steel?ffRefKey=uPBA2Eoly
Their suminagashi is also good:
https://www.dictum.com/en/materials...inagashi-flat-steel-forged?ffRefKey=uPBA2Eoly
By far my favorite for a classic Japanese blade is their white paper steel. 1.10% carbon and sang near nothing else. It is the only steel I ever recommend a water quench on:
https://www.dictum.com/en/materials...ite-paper-steel-from-japan?ffRefKey=uPBA2Eoly