That steel plate will sooner or later be punched right through. Sooner if it is hit by a larger projectile than .224 diameter. Years ago on a base where I was stationed (Beale AFB, Ca.) there were, up in the foothills, some "pillboxes" that were built during WWII, for training the armored units. The concrete on these "pillboxes" was 12 to 14 inches thick. One day after I has slipped and dropped my 22-250, I placed a paper target on some rebar sticking out of the pillbox and fired a 10 round group at 100 yards with some Sierra 50 grain spitzer soft points loaded to about 3700 fps. Upon checking the target (the group was great, all 10 rounds in less than an inch) I discovered that all the rounds hitting in the same place had acted like a "stardrill" or a "hammer drill" and that 14 inches of concrete had the nicest hole right through it! Yes all the way into that pilbox. A 30-06 with 150 grain FMJ makes short work of 1/4 inch steel plate. The same round with 162 grain AP makes short work of 3/8 to 1/2 inch steel plate. I do not know if possession of .22LR AP is illegal or not. I do know that the manufacture for SALE of AP ammo is illegal, but lets face it a .22LR just does not have enough "get up and go" to be effective.