It's possible. I read some material on a Wiki from a Google search that characterized it as an early alloy.
I went to Online Materials Information Resource - MatWeb and entered Double Carbonized Y Steel and it returned results of various alloys.
This was also in the Wiki:
The general term "Damascus" refers to metal with a visible grain pattern, sometimes with a texture. Modern Damascus is a lamination of folded steels selected with cosmetic qualities, with grinding and polishing specifically to expose the layers. True Damascus patterns are formed when carbon trace elements form visible swirls in the steel mix.[citation needed] These elements change properties when the steel is work hardened (forged), creating the patterns.[citation needed]