Before buying my first D2 knife from Queen about 7 or so years ago, I did a lot of looking at the steel to try to figure out what it was. I read a lot about it and there is more information than can be read on this particular metal as it has been around and in use now for at least a half century.
On article I read said that it was developed for the heavy manufacturing industries (such as the auto guys) for their blanking and stamping processes used in making doors, hoods, trunks, bumpers, etc. It was developed as a tool steel in the sense that even if it is used in a 100 ton press dies that pound out car parts, that press is considered a tool, as are the dies in it by the machinists that use it.
So in essence, my understanding (check out the link) that D2 started out its life as a
tool and die steel and through various heat treats and experimentation wound up as a cutlery steel. This is as opposed to the steels that were developed specifically at the request of blade makers that needed steel for razor blades, shears, etc., that wound up in the hands of knife makers. So D2 is a tool steel, and D2 is just D2.
http://www.diehlsteel.com/products/d-2.html?gclid=CO3o0vbejrgCFVRk7AodNBgAXQ
I don't know when Queen started using D2, but I am hoping they stay with it. Unlike others, I don't have any trouble sharpening it with my regular equipment. This is good as all the Queens I have with D2 except one required major edge rebeveling. D2 holds an edge very well, and is pretty dang rust resistant in my sweaty pockets which makes it lovely for the traditional pattern I like. I like D2 enough I now have several more knives in D2, including knives from other manufacturers such as Kershaw and Ontario. It's good stuff.
Robert