It isn't, and neither is any other modern steel blade. True Damascus has not been made for at least 250 years. And the steel would have to be Indian in origin. Now, what we now call true Damascus is really a forge welded steel product, that uses two different high carbon steels to create a blade with a patterned blade. It is a beautiful work of art to be sure. But, it requires real craftsmanship and skill, something a lower cost knife simply will not have.
That being said, there are many great steels out there, and they can be either stamped or forged, that will be amazing knives. I just recently got a great little Tosagata knife from Tosa, Japan, it is a forge welded Hitachi white steel, inside of a Japanese black iron sheath. And it it a great little trimming and fruit knife. Under $100 too.
I'm feeling bearish, and I'm packing a Wusthof Grand Brisket slicer from MABA
"perhaps...but then again...maybe not..."