15N20 is very commonly used with 1080 or 1084 whem making Damascus. One of the reasons it's commonly used is it's very similar to those 10xx steels in expansion/contraction. When two steels with very different characteristics of expansion/contraction are forge welded together, it can be disastrous when quenching.
I imagine you could make a serviceable knife out of 15N20 with your torch. Do your best to bring the steel up to temp evenly. For a simple way of checking temperature, have a metal magnet handy and as you heat it up, check to see if it sticks to the magnet. Try not to overshoot on the heat, but once you hit the non-magnetic point, quench it in canola oil just like Xander said. Once cooled to room temp, stick it in the oven to temper it.
This is obviously a very simplified explanation of heat treating. That being said, if you have some steel, give it a whirl and you might be suprised at what you can do. Plus, it's a whole lot of fun
. Good luck
Jeremy