I'm not sure what a buzz saw is, but if the blade is old the steel should be suitable for knives, probably L6 material. There is just no way of telling what it is for sure without expensive testing. This is information is important if you need to anneal and re harden the blade. As far as the plasma cutter. The heat will damage the temper of the cutting edge of the blank. So annealing, hardening, and tempering will be necessary to get the benefits of a decent knife for your time invested in it. My suggestion is to buy a KNOWN steel like 1084, O1, or 1095. A piece of 1084 flat stock comes annealed and is very cheap and you will be able to get several knives out of it. Also your plasma cutter will do a fine job roughing your blanks out with no worry of harming the steel.
Just something to consider.