I used steel in my basement and my bro-in-law's basement. Its a great material. Attaching insulation was easy! Friction does most of the work. Where needed, a can of spray adhesive took care of it.
If you know where you want shelving/cabinets you have two options. The first is to use a c-channel (the bottom track) screwed horizontally across several studs or use wood 2x4 in that spot. Wood 2x4's fit into the c-channels and are attached at top and bottom with a #6 1-1/4" fine thread drywall screw. I used wood for the rough openeings of my doors.
My studs do not "radiate cold". In fact, the basement is very warm. With insulated walls and carpeting over an 8-lb pad, my winter heating bills are down 20%.