Tried on several 1095CroVan blades, notably my BK14 and my BK4 (recurve "Machax"). Seems to work well, again not for hardcore sharpening but just for touching up a blade while in use..... I know that ferro rods can definitely dull a knife, so if you use it in the right way it stands to reason that it will sharpen as well.
This is more on the level of, say, using the bottom of a coffee cup to touch up a blade in emergency or in the field.....