I imagine it is good steel but being a blade that is already made means that it has been hardened. You could cut it with an abrasive cutting wheel on an angle grinder but the heat of cutting would cause the steel to lose its hardness near the area that was cut, meaning the most used area on a head knife, the corners. You could normalize the whole blade , shape it and then reharden and temper it which can be done but it is probably more work that you want to do. If you want to do it I can tell you how.
I make knives, that is how I started working with leather, making sheaths