I'd love a definitive answer on this too..
I'm reasonably confident that steel and iron are fairly safe in and of themselves...
The stuff I worry about is the paint, batteries, heavy metals, plastics, and oils/chemicals that may be connected to the steel.
The other interesting avenue for concern that comes to mind is contaminated recycled metal. Something built from recycled steel might have mercury from switches, for example..
Things like the below study are somewhat encouraging.. I am confident that the farm/sawmill that used to be here, never generated scrapyard levels of volume. I still get angry when I find a random oil filter in the bush, I have to assume the used oil went straight onto the ground as well... I really, really hope there are no hidden fuel tanks around.
https://onlinelibrary.wiley.com/doi/abs/10.1034/j.1399-3070.2000.00092.x