STAINLESS STEEL ALLOYS:
Made as a one piece forged valve for higher strength and reliability.
We  use mostly EV8 (21-4N) for Intake and Exhaust valves but there are  other alloys that we use along with different heat treatments to  manufacture valves for different applications. 
Other hard metal alloys may be welded to harden certain areas like the tips or seats.
We use mainly two different type of coatings:
CHROME COATING:
Widely used in high performance valves.
BLACK NITRIDE:
This  is a hardening treatment that even though it is not widely used as the  chrome coating, it has several benefits and is becoming very popular,  mainly for European and Japanese applications.
 
The microhardness is higher than  the stainless steel base material, keeping good ductility beneath the  hard nitrided layer (microhardness is 800HV minimum).
Surface finish is smoother than with chromed stems, having less friction between stem and guide.
 
Valve seat surface is harder with  the nitrided layer, lasting longer with lead free fuels, alcohols, nitro  or other "explosive" mixes. Matches any kind of seats (nodular iron  seats, steel powder metal seats, hard aluminum-copper seats or beryllium  copper seats).
 
Higher rpm's engines take full  advantage of all previous features. The higher the engine speed the  bigger the power loss due to internal engine friction! The black nitride  layer reduces this power loss due to less valve-guide  friction.