I guess....maybe. Don't really have a clue. I do know that some of the finer European arms makers are producing damascus rifle barrels again and getting them proofed for nitro.
Also recall one of the prettiest capeguns I ever saw/handled/shot was damascus; finished with a very soft light brown finish. Crisp contrast on the pattern, it was gorgeous. Hammer gun, 16 ga right/.44-40 Maynard left. Made by W. Richards.