Oh dont worry @Gloatingtomb6, Croms_Faithful knows a little something about the secret of steel. 
SirGreenDay as you are a console player like myself, we are still operating on the old crafting system (a number of recipes have been shuffled around on benches for PC now).
To make Steel: create ‘steelfire’ at the Firebowl Cauldron, it is made using tar & brimstone. Next, take your steelfire and put it in the Furnace with your iron bars, then start the burn. Done! Hopefully I have remembered correctly, as Ive not had to make it for some time now.
*note: if you are a high enough level, you can loot a large number of steel bars by clearing out New Asgaard in the Highlands biome.