S35VN is a steel developed and produced by Crucible Industries, released in 2009. The steel was developed by Maria Sawford as a modification of S30V by reducing the vanadium content, adding 0.5% niobium, and removing the nitrogen addition (incidental nitrogen is still present). Powder metallurgy steels typically have at least 0.03% nitrogen . These changes led to a steel with improved toughness and machinability relative to S30V at the cost of some edge retention. Heat treatment response and corrosion resistance remained approximately the same as S30V. More information on the history leading up to S35VN can be seen in this article on the newer S45VN.
While it is far from “baseline” or budget steel, it is nice to see them write about a steel many of us have at least one example of in our collections.View Linked Article