Most people building CNC machines are building routers, that work with softer materials, up to and (sometimes) including aluminum. But for steel, you need a different machine altogether, a milling machine. It has to be built heavier and more rigidly, with a spindle that has a lot of torque but not much speed, the reverse of a router spindle. If this is your first hardware project, building a good router is going to be challenging enough. Once you've done that, you'll be in a better position to think about building a mill, although most people that want to do that end up retrofitting an older industrial machine, which can often be obtained cheaply in a non-working or marginal condition.
Andrew Werby
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