If you buy a spring alloy, like 5160 that is used for car leaf springs, it is likely to come annealed. In that state if you bend it, does not spring back--it stays bent. You can heat treat it to around 45-50 RC (I don't know just where for 5160) and it will become resilient, like a good spring should (it is "spring tempered"). It will also be very tough and not inclined to crack. You can take the same steel and heat treat it to 58 RC and it is less tough, but holds an edge very well.
With 5160 you can differentially heat treat it so that the spine of the blade is more like a spring temper while the edge is more like a knife temper. You can also do multiple quench cycles to refine the grain structure and cryo quench. You can do way cool things with 5160, particularly for big knives like Kukuris.