Starting with the same raw material does not give you the same end material. Forging is a really complex process of manipulating the distortions (work hardening), heat treatment, and geometry to control the microcrystal structure throughout the blade. This has huge influences on the hardness, toughness, and flexibility of the different portions of the final blade.
Ideally, you want an extremely hard cutting edge so you can sharpen it really sharp, an extremely tough cutting edge so it doesn’t crack/chip/dull easily, and enough flexibility and toughness in the spine that the whole thing doesn’t snap off the first time you put some pressure on it. Achieving all that, while ending up with the shape/finish you want, takes a lot of skill and performing many inter-related processes in exactly the right order.
/u/chwillchwill’s analogy is spot on…the alloy is the raw ingredients, not the meal.
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