In my opinion stuff like this is more trouble than it's worth – you don't know what the alloy is, or how it's been treated.
Could well be Gauge Plate, but it needs to be tested. Without wasting time machining it, test if it will cut with a file or hacksaw. If it does, it will be useful for something! If it cuts, heat a sample up following the usual instructions for hardening Gauge Plate, and quench it in oil. If a file bounces off, it's at least some form of tool-steel, and might be useful.
What separates Gauge Plate from other tool-steels is it's less fussy about temperatures and timing than other hardenable steels. They're fussier, calling for accurate heating and timing, and more likely to crack and warp during a botched quench. The clue it's a tricky one is mixed results – works well and then fails on the next try.
If it is hardenable, don't expect it to be as good as HSS. For use as a cutting tool, my first choice is HSS, because Silver Steel is general-purpose handy rather than high-performance. But it does make at lot of jobs easier.
Problem with scrap is it can make jobs much harder. If the alloy is designed for some other purpose it may not cooperate. I'm not sure it's smart to waste time and money annealing a lump of hardened scrap steel in hope it will machine nicely afterwards, and still be fit for purpose.
Another booby trap, some modern steels contain Boron; makes them extra strong, but difficult to weld which can come as a nasty surprise.
Working with scrap is OK as long as the operator quickly recognises it's unsuitable and doesn't waste time or damage tools with it. The only way to find out is to experiment.
Dave
Edited By SillyOldDuffer on 17/05/2023 11:35:06