H1 Steel
T-1 steel also know as A514 is high strength steel, which is quenched and tempered alloy steel, with basic strength of 100,000 psi. T-1 is a common trade name used for A514 originally trademarked by US Steel. Don’t know much about T-1 for making knives but A514 is primarily used as a structural steel for construction when a weldable, machinable, very high strength steel is required.
If rust is an issue, I just read an article about H1 steel, which is a stainless steel that is precipitation-hardened and contains nitrogen instead of carbon, meaning it cannot rust. Spyderco uses it in their saltwater knife series. Typical Rockwell hardness of 65. Carbon-0.15%, Chromium-14.00-16.00%, Manganese-2.00%, Molybdenum-0.50-1.50%, Nickel-6.00-8.00%, Nitrogen-0.10%, Phosphorus-0.04%, Silicon-3.00-4.50%, Sulfur-0.03%
I know I didn't really answer your question but hope this helps.