ΔE 17.2, loose: different enough that you should pick on purpose. Cold Steel is noticeably lighter than Necron Compound.
Can I use Cold Steel instead of Necron Compound?
Not as a straight swap; see the closer alternatives below. Loose match (ΔE 17). Cold Steel is noticeably lighter than Necron Compound.
Can I use Necron Compound instead of Cold Steel?
The same difference applies the other way round: Necron Compound is noticeably darker.
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.