Winston Moy also cuts metals on his Shapeokos but generally sticks to aluminum and brass. Cutting ferrous metals, while certainly possible on these CNC machines, isn't generally considered "in their wheelhouse" from what I'm understanding. That said, I believe it would certainly be possible to do so on thinner stock if one was willing to get properly setup for cooling and considerations around what the coolant (often some kind of oil) and the metal chips bring to the party.
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The most expensive tool is the one you buy "cheaply" and often...