Soooo does that mean its a decent steel? Sorry Im not one for metallurgy
It's not great, but the geometry is thin so it cuts well for what it is, it's also decently tough at the edge since it's very soft and has low alloy. The common man enjoys the steel.
The Swiss army knife steel however lacks horsepower, someone that is more obsessed with high performance cutting will be left wanting. In my experience, it's too soft, it needs frequent sharpening and goes blunt quickly in use, it's perfectly fine though for the majority, most will enjoy the ease of sharpening and resistance to chipping. Everything is a Trade off, high performance is more extremes, but if you stay in strengths of the trade offs and avoid the weaknesses then you get extreme performance.
However, there are nitrogen steels that are similar in tougheness and ease of sharpening. Yet offer more corrosion esistance, high hardness, more strength and less blunting.
They cut wayyyyy longer.
Steels like lc200n, Bd1n, NitroV, Vanax SC, Nitrobe77
Unfortunately, you, the consumer don't get to pick and choose what steels you get in the knife unless you go custom or are making knives yourself, also nitrogen steels are extremely expensive steels, so unlikely to ever be in the Swiss army market or a lot of other Production knives.
No one buys a Swiss army knife though to geek out on steel, so don't focus on that. It will still cut stuff at the end of the day.
Just don't look at a Toyota Camry if you're looking for Horsepower.