There isn't a revolutionary benefit to being able to 3D print in steel if the resulting part has the strength of aluminum, or plastic.
However making a good robot Tig welder does seem like a worthwhile project...
This is a couple years old but revolutionary technology none the less. Made even more impressive due to the fact that the inventor is a self taught metallurgist.
a heat-treatment that makes steel 7 percent stronger than any steel on record — in less than 10 seconds.
http://www.sciencedaily.com/releases/2011/06/110609173718.htm
Heating and cooling within directed magnetic fields can remove stress and align grain. I wonder if full-hardness 3D metal printing will end up being a two-step process.