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Hardenability
How fast one must quench steel is controlled by its hardenability. Hardenability is not a measure of how hard a steel can get. Instead it is a measure of how fast you have to quench to achieve max hardness for a given composition. Therefore a steel with 0.2% carbon can have high hardenability without being able to reach a particularly high hardness; the steel can be allowed to cool in air and achieve more or less the same hardness as when it is quenched in water. On the other hand, a steel with very high carbon content that can reach very high hardness can have low hardenability, requiring a water quench to achieve its potential hardness.