i just check the chinese tool steel data sheet. ESR T-10A = 0.95~1.04%C, Si≤0.35%, Mn≤0.40%, S & P both < 0.003. its basically a plain high carbon steel with low inclusions.
i don't know how SBG t-10 blade are made. but from the look of it, i could guess its traditional clay hardened.
personally i don't think t-10 was designed for something as long as a sword. however only the edge on the katana achieve the full hardness. the rest of the blade stays as tempered troostite and tempered sorbite. so i guess it could meet the requirement for a katana. tough i strongly suggest do not use it for heavy impact.
there are plenty of blade company get their stuff made in china. do it right, then cheap labers here can sometimes product expansive stuff lol. most company pays less than 50 us$ for fully traditonal hand polishing a 29 inch blade.