Stainless, high-carbon, super steels, see what 2025’s shakeups mean for knife steels in 2026.
Twenty-twenty-five saw radical change in the cutlery industry, but somehow the business of blades not only survived, in some ways, it also thrived. With new steels in the offing and despite a business environment made murky by the specter of tariffs, 2026 has several things going for it that could point to a year of continued resilience for knives.
Ironically, one of ’25’s biggest changes—the closing of Crucible Industries—did not turn out to be as debilitating as some thought it would be. While by mid-year there was no more Crucible, most of its coveted cutlery steels remained available, albeit under new manufacturer names (Knife After Crucible).
A steel processing company that came out quite well during the transition was Niagara Specialty Metals (NSM). Bob Shabala, NSM president, provided a look at the changes from an insider’s perspective.
“Crucible’s decline didn’t happen overnight,” he notes. “Long before the shutdown, we saw signs of trouble: inconsistent allocations, slipping ship dates and growing uncertainty around future melts. As a steel processor that lives or dies by delivery reliability, we didn’t wait. We started to order more steel from Crucible to bolster our inventory in case something happened. We also reached out to Erasteel and Carpenter Technology to gauge their interest in supplying PM [powder metallurgy] steels. We have a long history with both companies and they were receptive to our requests. In September 2024, we started placing orders with both mills, not knowing that Erasteel would eventually buy the IP [intellectual property] and trademarks of Crucible in early 2025.
“In short, Crucible’s demise raised costs in the short term but also created an opportunity for us to buy high-quality steel from multiple suppliers. We diversified melt sources, invested in grinding/laser/ti capacity and kept steel flowing. The industry will come out of this with a more resilient supply chain, and makers will see faster builds and better consistency where it counts. If you’re a one-man shop or a major brand, you can get the material and the prep you need.”
Introduction MagnaMax Steel
Dr. Larrin Thomas is an acclaimed metallurgist whose web column knifesteelnerds.com is great reading if you want to stay current with knife steels. He sees the industry’s ability to bounce back over time as key to predicting events for the coming year.
“The huge changes in the ownership among steel manufacturers for cutlery consumers were minimal, mainly because the major players had a year to settle into their comfort zones,” states Thomas, whose portfolio as a steel designer includes the uber-popular MagnaCut. “Nothing changed as far as the king-of-the-hill steel. MagnaCut, which has been the most popular stainless steel among knife consumers for over two years, remains the top choice. That could change in 2026 because MagnaCut will be joined by a sibling dubbed MagnaMax.
“MagnaCut isn’t going away—its balance of edge retention, toughness and true ‘stainlessness’ keeps it the all-around benchmark. What’s new is MagnaMax: think MagnaCut-level corrosion resistance with meaningfully higher wear resistance, so edges hang on longer in abrasive cutting. That combination is why I expect MagnaMax to be one of 2026’s headline steels, especially in EDC folders, hunting/skinning knives, and pro kitchen blades that see lots of board or hide contact. MagnaMax complements MagnaCut rather than replacing it—pick MagnaMax when maximum edge life is the priority, MagnaCut when you want the ultimate do-everything balance.”
Knife Steels To Watch
Despite or perhaps even because of the Crucible shakeup, manufacturers and custom makers have many steel options. Following is Larrin’s recap of the diversity of top-shelf options for 2026. First, the leading stainless steels for factory knives:
- MagnaCut: Expanding across EDC folders, hunting knives and premium automatics as brands refresh the legacy of S30V/S35VN;
- MagnaMax: Expect it to appear in the same knife types as MagnaCut and beyond. The appeal is simple: MagnaMax has the qualities of a stainless steel users already love (MagnaCut) but with more wear resistance for longer edge life, and;
- LC200N and Vanax: Limited but visible in dive/fillet and salt-exposed knives where “no rust, period” is the spec.
Larrin’s top carbon steels for factory knives in ’26:
- CPM 3V and CPM CruWear (aka NSM Wear): Factories use these steels selectively in choppers and survival/tactical fixed blades where warranty-safe toughness matters.
- D2: The popular tool steel will persist in value lines, but you’ll see a gradual shift away from it toward tougher, easier-to-sharpen options.
In the realm of carbon steels for custom knives, Larrin says Pop’s ProCut, a new blade material designed for use by bladesmiths, including in damascus, will shine. Its combination of nickel, tungsten and vanadium gives it high toughness and wear resistance while still being easy to forge and heat treat. It can be hardened in a 200°F window, which makes it extremely easy to heat treat. The high nickel content also makes it produce a bright layer in damascus.
On the stainless custom side, Larrin says to watch these: - MagnaMax: Alongside MagnaCut and AEB-L, MagnaMax will be a go-to for customs where makers want a “set-and-forget” edge on EDC folders, hunting knives and chef’s knives. It delivers premium corrosion resistance plus a clear wear-resistance bump, which lets makers grind thin and still give customers long service intervals between sharpenings, and;
- LC200N: It will fill a growing niche for dive knives, fillet knives, coastal EDC and pro kitchens where rust is the enemy.
Tariffs’ Affects On Knife Steel
Several sources say American consumers will see the effects of U.S. tariffs on both imported knives and/or the steel used in them in ’26—a double whammy in some cases. However, it’s too early to tell the overall impact tariffs will have on the prices American consumers will pay for imported knives. That said, enough has been done in the overall market to draw some conclusions as to what direction those numbers are heading in the knife market in general.
As for those who manufacture their knives in the USA, there will be little to no increase in prices, except for models that include some foreign-made parts. This is uncommon but a possibility, though for the most part, not a liability that cannot be overcome. Case, Bear & Son and others are among those that fall into this category.
The second group contains companies that do a large part of their manufacturing in the United States. Among those that fit into this group is Spyderco, which also has its “value line” of knives produced overseas. Sources say Spyderco can go with a bump in tariffs on its foreign-made knives, move all manufacturing in-house or ditch the value line entirely, though there was no indication at press time that the company will choose either of the latter two options.
Then there are American companies that produce the lion’s share of their knives overseas. CRKT is one such company. Sources indicate CRKT can work the tariff costs into existing pricing, move its manufacturing to a country that pays lower tariffs, or figure out a way to manufacture more of its knives domestically. Considering CRKT’s track record, it probably would be a mistake to underestimate the company’s ability to endure.
Bottom Line
While 2026 will have its challenges, barring any surprises, it should be relatively calmer than 2025 due to last year’s upheavals in the manufacturing sector and tariff-induced changes. Meanwhile, the cutlery industry remains healthy in both the budget, moderately priced and upscale sectors—and that is a very good sign.
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