No, because the particles can become embedded and rust. Some alternatives are Klingspor Synthetic Wool and Meka Mirlon 1500 synthetic wool.
Steel wool is still an acceptable option for oil-based finishes. GF recommends using "oil-free" 0000 wool from Liberon because it doesn't shred as easy as hardware store brands.
Enduro Water-Based Tintable 2K White Poly
Enduro Water-Based Pro Series White Polyurethane
Enduro Water-Based Conversion Varnish
Enduro Water Based Stain Blocker Primer
Hard Wax Oil & Hardener
Gel Stains
Pro Image Flooring Topcoat
Jen Poly Brushes
Stir Stix
Ultraflex Softback Sanding Sponge