What type of steel? That will have an enormous effect on penetration.
50 BMG Penetration Test on Steel Plate
4
This 11/16 thick steel railroad tie plate was hit with two rounds from my .50 cal browning from a distance of 100 yards. The impact pocket in the middle is from a blue tip incendiary bullet (no penetrator) and the one high right with a pencil thru it was an armor piercing incendiary bullet.
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