>>373938A2 and 1095 are the most commonly used steels for knife making (including those made
by high-end custom knife makers) but the differences between the two steels, are irrelevant
to all but the most neurotic of knife collectors, who live for splitting hairs and getting into flame
wars with other knife nerds (like hobbyists everywhere)
As I mentioned above, one doesn't have to spend big money on a knife but getting a sub-$20
knife simply because it's cheep, is pointless.
Why NOT get something nicer and of higher quality if you can afford it?