Yup.
He starts with two different types of steel - which was not obvious from the film. They are interleaved and then welded before being forge welded later.
The knife he produced was supposed to have something like 180 to 200 layers.
(he elsewhere describes a viking sword he did with 700)
The etching process at the end reveals where you can see element of many of the layers that have been pushed about by the hammer blows.
There is some information on his web site: