Handmade but production line work still, they can probably churn out quite a lot of those in a short amount of time, especially if they can work off stock metal and use hydraulic hammers and the like.

I think the blade are press forged (if thats the correct word) where the blade is press cut from a sheet, ground and fitted to the guard.

Press forging isn't the issue. Albion armoury uses press cutting + CNC milling for their swords but they are leaps and bounds better than these 500€ slabs that are barely better than mall ninja wallhangers.