Bought a new band saw blade today and tested it by cutting some 1018 3/4 solid round. It took about 3 minutes!!!
Turns out that either when they coiled it up for packaging or perhaps the way I unwound it, the teeth were facing the wrong direction. I removed it and with a pair of gloves was able to twist it inside out.
So if you ever had a band saw blade that didn't cut right from new, this might be why.
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