Most of what steel does is done better by others.
On offense, water, grass, fighting and even some choice ground types do better against rock types, and against Ice, fire fighting and rock can do more, its only match is does best against is fairy types, which aside from gardevoir (who can be handled by ghost types better) and the likely Togekiss (who has many weaknesses to other common types) arent seen often on defense. It likely wont be until gen V with Kyurem and gen VI with Xerneas that steel, in its present form, will see much use
On defense, Steel defensive capabilities weren't translated well into GO's mechanics. The main series gave them a reputation for being defensive, but because of the speed mod, that did cut into their defenses and offense (as well as the ability to pick the best possible counters, in the main games their numerous resistances were more useful). Often times their typings come as a double edged sword, trading large numbers of resistances for a double weakness or numerous other weaknesses
Gen IV has a few steel types that can be somewhat good, the obvious Dlalga and Heatran and the stupidly good Doom Desire on Jirachi (though who knows how long it will be, or if it will be preserved), and possible good nonlegendaries In Magnazone and Empoleon,(I know its a long shot but maybe a metagross community day?) Is there any realy hope for Steel? any good steel moves in the game that current pokemon cant take advantage of because of stats, or does it seem like they'll all get scrapped?