Blades usually become blunt as the blade tip suffers wear during cutting, and improving the sharpness retention of steel blades has become an attractive prospect in various industries. In this study, blades were fabricated from commercial high carbon martensitic stainless steels (154CM, 440C and N690) with different contents of alloying elements. 154CM with higher Mo content demonstrated superior capability in sharpness retention to 440C and N690, although these steels exhibit similar chemical composition, carbide phases, microstructure and HRC hardness. Further investigations via SEM and nanoindentation indicated that the faster deterioration of sharpness in 440C and N690 may result from the fatigue peeling of the carbides, which was aggravated by the modulus mismatch between carbide particles and the martensitic steel matrix.