Its made from a high end stainless called VG10. It's very good, easy to sharpen and holds an edge but tends to mark somewhat. Not a problem on a working blade.
I have one of these in my Bimble bag and recently disposed of an S1 Forest knife as I had something that did its job custom made from another fantastic "new" metal Elmax.
Excellent! I found one on eBay for £13 - I'll get onto it. I've been told that it doesn't really blunt - or at least not the amount I'll be using it. But I'll get one anyway because it's so affordable.
I love motorcycles like a fat guy loves cake. I also love cake.