As long as it is not case-hardened you can make a really good knife the way you describe, but you'll want to temper it back a little first, say to 400 degrees or maybe a little higher, depending on what type of knife you're making. The best way to tell if it's case-hardened or not without doing any heating would be to wrap it in a rag or with duct tape for safety, put the tip in a vice and break it off. You can grind part of the way through first if you want to make it easier. If it's case-hardened it won't break, but bend. Nicholsen is a good brand that are generally made of 1095. Keep it cool while you're grinding and be patient. It's really much easier to soften it and then reharden it, if you have the tools available.