Same way you lap a heatsink, but you don't need to be as careful about keeping it perfectly flat. Get a sander or a drill with the sander attachment. Get sandpaper with grits 230, 330, 400, 500, 700, 800, 1000, 1500, and possibly 2000. Then start sanding with the lowest grit paper. When it seems that the paper has done its job wash everything off, and bump up to the next size grit. Its best to use wet/dry grit that you wet before putting on the sander as well as use a little bit of soap as well (soap helps keep the fileings from binding up on the paper)... Gonna take a long time... Actually you might want to get another opinion, as steel might be too hard a metal to sand. Talk to the guys in an auto shop (you will most likely have to go there to get the sandpaper anyway), they might be able to tell you if you can sand steel to a mirror like shine.