If you're talking about
THIS BANDSAW, then I'd suggest you stop by Home Depot and get you some Milwaukee blades. They'll last a lot longer than the ones HF sells. An better option is to hunt down some Lennox blades.
The saw pictured in the link above will cut metal just fine because that's what it is intended to do. It's what I've used for the last year and a half. I cut all my metal on it and my G10 and micarta.
When cutting steel, I use the 2 lowest speeds depending on how thick my material is. I also use Tap Matic oil on thicker pieces of steel.
Finally, wait until this saw goes on sale. They run sales fairly often on it. Then use the 20% coupon and you'll get on heckuva deal! (and yes, they'll allow you to use the coupon on a sale item, at least our store does)