Pretty sure it is more than mild steel.
I just straightened a decently bent slant frame (from a car accident- the car flipped on its L side-nasty) (L front frame rail dipped down quite a bit) using a heavy bar below the frame, 1/2 inch chains on each end up to the frame, portapower from bar to frame. It took many attempts to 'walk' out the damage, with slight shifting of the ram each time; had to use some heat.
The heavy solid steel bar is 1.5" thick, 4" wide, and 3 ft long. I have used this bar for straightening, etc, for over 40 yrs. It is indestructible....or so I thought...
When we were done we noticed the bar itself was now bent slightly!!!! If I had not seen it, I would not have believed it.
Why do you want to know ??