There's no such material as Steelium, it's just a ridiculous made up word. The actual steel is the same as they've used for many years, specifically Excelsior HSA. They even stamp it on the Steelium barrels.
The much vaunted cold forging process, which uses highly expensive NC machines, is just more cost effective than bored barrels and I've yet to see the slightest evidence that it's ballistically superior.
Trickster, you are correct. The barrels on my DT11 are indeed stamped "Excelsior H.S.A. Steel" (btw, same as a 686 Silver Pigeon!). The argument (from Beretta) about the Steelium Pro barrels is that the long forcing cones (almost the entire length of the barrels) deliver better and more homogeneous patterns (and they go so far as to claim "regardless of ammo").
I'd love for someone to disprove that claim, and AFAIK, the only scientific way to call Beretta on that claim would be to shoot guns of the same model and similar characteristics (barrel length, gauge, chokes, ammo, etc), under similar conditions (wind, barometric pressure, temps, etc), that is, eliminate as many variables as possible. A true scientific test, if you will. That is, put some lead on paper, under controlled conditions, and see what's what.
Beretta claims to spend millions of dollars annually in R&D, and I believe them. The difficult part would be to sort fact from fiction, particularly in regards to their "forcing cone" theory, and whether it is all they claim it to be.
Interesting subject, for sure.