I'm pretty sure all of the Colt-branded knives are imported (probably from China). At the price point of these knives, and assuming Chinese import, I'd bet it's not 440C. Maybe something like 8Cr13MoV, which is Chinese steel similar in composition to AUS-8; can be pretty decent stuff. A large number of Chinese-imported knives these days are made using it. On knives that aren't specifically labelled as to steel type, I view them as a toss-up. Could be anything. Manufacturers using decent, reputable materials would do well to specify the steel type; it's a strong selling point and enhances the value of the brand.
A lot of 'imported' knives are often described as having '440' steel. That's somewhat vague, as it could be 440A, 440B, 440C, IF it's 440-series at all (some unscrupulous importers haven't been shy about slapping the '440' label on their knives, even when it likely isn't). Both 440A and 440C can be decent or even excellent (440C) as well, assuming that's what it actually is.
If you're really concerned about the steel type, you might send an email to SMKW and ask for details. If they don't know, or are unwilling to say, I'd view that as a red flag myself.