Magnetizing hard magnetic materials like steel using an AC source is not feasible due to the oscillating magnetic field produced, which averages to zero. This means that magnetization cannot exceed the material's remanence. The frequency of the AC current can further reduce effective magnetization, as ferromagnetic materials require time to respond to changes in magnetic fields. The process of magnetization is non-equilibrium and can take seconds to stabilize, making it impractical for AC applications. Overall, attempting this method could pose safety risks.