Interesting question. I did a quick Google search and found nothing on the origin of the name. I do agree that the Ascoloy comes from Asco. It would be interesting if Greek was the name of an engineer involved in its development, rather than a reference to the country. I have no reason to think that is true, but I suggest it due to the origin of "German Chocolate".
German Chocolate, as in German Chocolate Cake, is named after Samuel German, an employee of Baker's Chocolate, who developed a sweeter baking chocolate in the 1800s. Baker's chocolate published the recipe for German Chocolate Cake to promote use of the ingredient. And guess what? Baker's Chocolate is named after Dr. James Baker. The ingredient was originally names Baker's German's Sweet Chocolate, which takes the cake (pun intended) for cumbersome product names and counter-intuitive product name origins.
You are probably right about the 300 in 300M representing tensile strength in ksi, but I wouldn't say that is the maximum tensile strength, even after tempering to achieve reasonable toughness. It is more like the middle of the typical useful range. Maybe the M stands for "modified" as it is essentially a modified 4340. Why not call it 4340M? Maybe they wanted it to sound more "revolutionary" than just a modified version of an existing alloy.
As another tangential aside, my company uses the 300 grade maraging steel. 18Ni300 is a standard designation but it is also known by various trade names. We call it MAR300 in our internal inventory systems. The first suggestion for our internal designation was M300, which I did not allow due to potential confusion with 300M. Nonetheless, and despite having the full word "Maraging" on the purchase order, we recently had a supplier incorrectly ship 300M.
Now some joke materials. I like to call the metallic material that covers scratch-off lottery tickets Dreamonium (Dream-On-ium), but I can't claim to have made that up. Then there is unobtanium, which was a joke among materials people before it was a fictional material in Avatar. Unobtanium would be the material you suggest when a mechanical engineer asks for something as strong as the hardest tool steel, but with the density of aluminum.
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Kenneth Kirby
Senior Project Engineer
Snap-on, Inc.
Kenosha WI
(262) 748-3836
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