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The Old School RuneScape Wiki also has an article on Steel bar.
The main RuneScape Wiki has an article on: Steel bar

Steel bars are a type of bar which can be made by players with at least level 30 Smithing. Once can be smelted by having one piece of iron ore and two pieces of coal in the player's inventory, and then using either on a furnace, yielding 17.5 experience.

Steel bars can be exchanged for steel bar certificates by talking to Miles in the Draynor Village market or Watto in Zanaris. This makes trading bulk amounts of steel bars easier and faster.

Dropped by

Monster Combat level Quantity Rarity
Black knight 46 1 2Common
Fire Giant 109 1 3Uncommon
Moss Giant 62 1 2Common
Jailer 51 1 7Unknown

Forging steel bars

Steel bars can be used for forging as part of the Smithing skill. By using a steel bar on an anvil with a hammer in the player's inventory, steel armour and weapons can be created. Each steel bar yields 37.5 experience when used to forge an item.

Image Item Level Experience Bars
Steel dagger.png Steel dagger 30 37.5 1
Multi cannon ball.png Multi cannon ball * 30 25 1
Steel Axe.png Steel Axe 31 37.5 1
Steel Mace.png Steel Mace 32 37.5 1
Medium Steel Helmet.png Medium Steel Helmet 33 37.5 1
Steel Short Sword.png Steel Short Sword 34 37.5 1
Nails.png Nails 34 34 1
Steel dart tips.png 7 steel dart tips * 34 37.5 1
Steel arrow heads.png 10 steel arrow heads * 35 37.5 1
Steel Scimitar.png Steel Scimitar 35 75 2
Steel Long Sword.png Steel Long Sword 36 75 2
Large Steel Helmet.png Large Steel Helmet 37 75 2
Steel throwing knife.png 2 steel throwing knives * 37 37.5 1
Steel Square Shield.png Steel Square Shield 38 75 2
Steel battle Axe.png Steel battle axe 40 112.5 3
Steel Chain Mail Body.png Steel Chain Mail Body 41 112.5 3
Steel Kite Shield.png Steel Kite Shield 42 112.5 3
Steel 2-handed Sword.png Steel 2-handed Sword 44 112.5 3
Steel Plated skirt.png Steel Plated Skirt 46 112.5 3
Steel Plate Mail Legs.png Steel Plate Mail Legs 46 112.5 3
Steel Plate Mail Body.png Steel Plate Mail Body 48 187.5 5

* Indicates members-only items.