KnifeSteelNerds: Crucible Steel is Bankrupt! What is Next for MagnaCut?

We have been covering this story, both online and in Print. In fact, I interviewed Larrin last week for my piece in my Knife News column in the February issue.

From Knife Steel Nerds:

Crucible Industries makes steel (duh), specializing in powder metallurgy tool steels. They are located in Solvay, NY, near Syracuse. Any steel with a “CPM” in front of it comes from Crucible. This includes steels like (CPM) S30V, 3V, 4V, 10V, 15V, S35VN, S45VN, M4, CruWear, Rex 45, Rex 121, and many others. However, they also make “conventional” tool steels and stainless steels, notably 154CM, 440C, A2, D2, and others. They are one of the few companies that makes powder metallurgy steel, and in fact, they were the company that developed the process back in the late 1960s. Read this article to learn more about powder metallurgy.

However, Crucible is not the only company responsible for this wide selection of steels available to the knife industry. Niagara Specialty Metals hot rolls, anneals, etc. Crucible steel to the thin sizes necessary for knife steels. All of the Crucible steel made into knives also goes through Niagara Specialty Metals. Niagara then distributes the steel directly to knife companies, larger knifemakers, and suppliers that deliver smaller orders. A big reason for the wide availability of knife steels in many varieties at the sizes that knifemakers want is because of Niagara Specialty Metals.