1060 is a high carbon steel thats very popular in the sword making community as when properly heat treated it becomes very resilient, being quite tough as well as being able to keep an edge fairly well. A lot of cheap 'beater' swords are made out of 1060 precisely because of this.
Of the common 10xx variety steels, 1060 has the lowest practical carbon content at approximately 0.60% carbon, to allow it to resist taking a set i.e. bending permanently due to a bad cut.
Manganese is added to help prevent rust although it is by no means 'stainless' and you should of course keep any sword made from this well oiled when not in use. Differential treatment and the resulting hamon is possible with 1060.
A table showing the AISI standard for 1060
|Sulfur, S||≤ 0.050|
|Phosphorous, P||≤ 0.040|