ΔE 9.3, close: similar, with a visible difference side by side. Steel Grey is a little lighter, more muted, cooler than RAF Azure Blue.
Usually, if you are not matching paint already on the model. Close match (ΔE 9). Steel Grey is a little lighter, more muted, cooler than RAF Azure Blue.
The same difference applies the other way round: RAF Azure Blue is a little darker, more saturated, warmer.
ΔE is the colour difference between our two swatch estimates: under about 6 is close, over about 15 is loose. Real paints also differ in finish, coverage and how they thin, so test before you commit.
See RAF Azure Blue on the colour wheel See Steel Grey on the colour wheel
All matches: RAF Azure Blue equivalents · Steel Grey equivalents