Volunteer monitoring began at Steel Lake in the 1980s and continued through 2004, when it was discontinued. Federal Way has resumed monitoring in 2014. In 2004, the data indicated that the lake was relatively low in primary productivity (low mesotrophic) with very good water quality. No strong trends were identified.
Profile data indicated that thermal stratification may be unstable through summer, but the sediments do release a small amount of phosphorus into the deep water. Nitrogen to phosphorus ratios were generally above 20:1 through the summer, which favors other species of algae over bluegreens, but the ratio was closer to 20:1 in the fall.
Steel Lake has a public access boat launch, and the lake has been treated for a Eurasian milfoil several times, with a long-term plan adopted for control, including funding through the formation of a Lake Management District.
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The average of these three TSI indicators during the growing season can be used to place lakes in one of three broad categories: <40 = oligotrophic (low productivity), 40 to 50 = mesotrophic (moderate productivity) >50 = eutrophic (highly productive).