Gorman, there is not one answer for that.
Generally, 4130 and 4140, but some manufacturers try to make a "better" product. The prevailing consensus among end-users seems to be that the economics favor cheaper, "throw-away" components over more-engineered, higher-end products. They all have rebuild shops, or use contractors, to overhaul valves until the body is eroded too far. Attempts at erosion prevention have apparently seemed to be uneconomical.
Notice I said "seemed" and not "proven". I don't know any factual numbers, and that industry is notorious for "Bubba engineering" with some Cooter-boy redneck being the decision maker and opting for a choice simply because it's easier for him, he doesn't know how to properly evaluate the options and will not exert the effort of trying to learn, and by golly, he's the boss and he will be the one to say what will be done.