Yes, Damascus steel still exists today, although it is important to clarify the context in which the term "Damascus steel" is used.

Historical Wootz Damascus steel, which refers to the specific steel-making techniques used in ancient times, has been lost to time. The exact methods and materials used to produce Wootz Damascus steel are not fully understood or practiced today.

However, the term "Damascus steel" has evolved to encompass a broader range of steel-making techniques and patterns that aim to replicate the aesthetics and some desirable properties of historical Damascus steel. Modern interpretations and variations of Damascus steel are created through techniques such as pattern welding or forge welding, where different steel alloys are layered and bonded together.

Skilled artisans and swordsmiths continue to produce Damascus steel blades using these modern methods. These blades exhibit the characteristic layered patterns associated with Damascus steel and often possess desirable properties such as strength, sharpness, and edge retention.

While modern Damascus steel may not possess the exact properties or composition of historical Wootz Damascus steel, it is valued for its aesthetic appeal and functional performance in various fields, including knife making, sword making, and other forms of metalwork.

It's important to note that the term "Damascus steel" has broadened in its usage and can refer to a range of layered steel constructions. When considering a Damascus steel blade, it's recommended to consult with experienced swordsmiths, reputable dealers, or knowledgeable experts who can provide guidance and ensure the quality and authenticity of the blade.