Tony
This type of steel is used in the heavy equipment industry, road graders, bulldozers ect. See if you have a business near-by that repairs such equipment ,they will know about this type of steel. The BHN is the key factor for choosing this type of steet.
If the targets are for your own use and you will be using lead bullets, mild steel about 1/2" thick will work. If the targets are going to be at a public range and being shot at with jacketed bullets they don't last long. At our range the hangers are made from 1" mild steel and are replaced yearly.
Don