Owning a range,, I can attest to the fact that a very large percentage of people truly do enjoy banging & clanging steel. Especially with a handgun.
But I've also seen folks stand too close to steel & that's not safe. In USPSA,, where steel targets are used,, there is a minimum distance of 23 ft with a movement barrier. If there is a fault line where a moving shooter might charge over the line,, then it's 26 ft.
I generally set my steel at 30ft or more.
This is to allow any bullet particles that might return towards shooters or others the space to slow down or whatever & not cause any injury. But I've had small particles hit me, and so have many others. Occasionally drawing a little blood on bare skin.
It's BEST if steel is built or set to allow the bullet to ricochet downward when hit if at all possible. Safety first!
I have a variety of steel targets at my range. Some are reactive & require resetting after hit, and others do not. In USPSA,, "steel must fall to score" is the rule. But for fun,, I have others that are on chains, or static posts, or even spring loaded. And all of them are a lot of fun to shoot at. And new shooters REALLY seem to enjoy them as they get an immediate feedback of a hit. Quality top grade steel isn't cheap,, but they are worth it. I have a "Texas Star" that we use in USPSA,, as well as a few other moving types. That can really get a shooter to either cheer or curse! :D All I can say there is, If you are accurate & fast,, it's not terribly hard,, but if you miss a few shots after hitting one plate,, it can be a serious "challenge!"
And as Ron just posted,, there is also a lot of satisfaction of shooting several rounds of 10 or so,, and seeing one very small single hole in paper. In short,, accurate shooting is quite satisfying.