There is nothing more rewarding and gratifying than hearing the ping of the steel plate after being hit with a bullet. It is enough to make even the most experienced shooter smile brightly.
Shooting steel is probably the best form of competition or training for a shooter. You get instant feedback on whether you hit the target or not. Aim well and you get a ping. Aim poorly and you completely miss. In training, this instant feedback allows both the student and instructor to know right away whether the technique is working. Since you can also see the placement of the bullet on the steel, you can take some time to adjust point of aim.