yes, but shooting what? it is a 22 rimfire. how much penetration do you need? it would seem to me that if there was a real purpose for it, it would be a very small need. and if you want that much penetration, there are other ounds that would do a much better job (5.56 armor peircing).
You could pick up something chambered in HM2, those are plastic tipped. Or .22 mag or .17hmr, there are plastic tipped rounds for those as well. .22 LR doesn't have jacketed rounds, and nobody'll tip a lead slug.
Strikes me that the only real purpose behind steel .22s would be cheapness (saving lead), but you'd have to jacket a steel core in lead or something squooshy* anyhow to allow the heel to expand and to take the rifling.
Manufacturing such a wee beastie would probably cost more than the savings in lead.
Comments?
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"Squooshy" is a technical term used in ammunition manufacture.
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