Steel bedding a rifle action is simply using an Epoxy glue material that has steel dust in it. These products were made to do repairs to machinery, etc. I bed with JB Weld, which has steel in it. If you were to strip out a bolt hole, you could fill it with JB Weld, etc., drill and tap it and have an acceptable repair, to a certain extent. People have filled cracked engine blocks with it , and other remarkable things. I have bedded with plain Epoxy glue with good success, but I also always pillar bed. If you have steel bed and your rifle gets wet and you don't dry it, the steel bed will rust. I have heard of people putting a sealer on it. When your smith says he steel beds, he is likely using a good product, but to me it is the pillars that do the bulk of the job.
Good Luck-Good Shooting ... Jim :-)
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