Cheap in terms of money, maybe.
Less so in terms of emissions: https://www.statista.com/statistics/1291468/international-sh...
https://www.wri.org/technical-perspectives/insider-not-all-e...
Solar is worse, but since most modern high quality tables include LCOE's for "solar" and "solar+battery" with very different numbers, it shouldn't be misleading.
https://en.m.wikipedia.org/wiki/Nuclear_lightbulb
Like it was not crazy dangerous enough. ;-)
Just using electricity is probably cheaper and easier; large power plants are crazy efficient already.
I can only what hot molten salt does to industrial processes.
An array of SMRs (small modular reactors) located at the steel factory could be used – and would be sufficient – both for heating and producing the electricity without interruptions caused by fluctuating prices or blackouts.