It really depends on what type of knife it is, and what the intended purpose is.
I have a couple of Murray Carter kitchen knives that use Hitachi White steel forge laminated with some stainless outer steel. I have yet to find a steel that I like better in a dedicated kitchen knife. Sure it isn't stainless so I need to be careful about rust, but it is no big deal. It will take a wicked sharp edge, and cut food for long enough. Sharpening is no problem either.
For a general purpose folder I don't know that I have a single favorite. I like D2, it will take a good edge and hold it for a long time. But then again so will many other steels, such as 154-CM, VG-10, or CPM-S30V. I just have had more experience using D2 than the others. Talonite, although not a steel is also up on the list, but slighlty lower than a true steel for me. I guess if I had to rank them for a EDC type knife I would do:
1. D2
2. 154-CM (to possibly be bumped by S30V when I try it out some)
3. Talonite
Each has its own strengths and weaknesses. You just need to decide what is more important to you, rust inhibiting, edge holding, or ability to take an edge? And remember that generally the longer a steel will hold an edge the harder to sharpen too.