I have no experience with steel chimneys, my current chimney is a masonry chimney with a square flue, it is in bad shape and needs to be replaced, lining won't work as the problem is the concrete block cracking not the clay liners. I have been told steel is better but I have no facts on that or real reason for it being better. My current chimney is outside and would likely have to stay there at least until I remodel my home and add on. My stove pipe exits my basement about 18" below grade and goes into the bottom block of a masonry chimney. I would think for an inside application the steel may be preferable but I think outside the steel would cool faster than the block causing more creosote issues? Anyways I would like some opinions on the 2 styles and why one is better than the other, cost or time to construct is not an issue, I am more concerned with the function of on vs the other.