What steal is the laredo made of?

Both. The newest production is O1 but most places are still selling the previous SK5 model.
 
SK5 O-1 and San Mai III.

SK5 and O-1 are carbon steels, and SM3 is laminated stainless and much more expensive.

With the O-1 coming out you should be able to get a good deal on the SK5 models as dealers clear their stock.

EDIT: I'll just add Carbon V to this list.
 
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