Benchmade knives are known for their quality. I own quite a few of thier knives, and use one every day. This is a high quality knife that is made to be used every day. The blade steel on mine is 440C and holds an edge quite well. I think that benchmade make this knife with 154CM steel as well and that holds an edge even better.
Overall this is a good, functional pocketknife that will give years of service.