To expand a little on what mgb_phys said, water and steel at the same temperature will not be radiating the same amount of energy because energy emitted is proportional to the emissivity, and water will typically have much higher emissivity than steel. To make matters more complicated, the emissivity isn't actually constant in real life (treating it as constant emissivity is said to be grey body, an emissivity of one is a blackbody), but rather it is dependent on temperature of the object, wavelength, and angles. This may be more than you need to know to use an IR thermometer, but it is important to know how to take measurements correctly. For example, on a metal box that had a true temperature of about 30C I measured temperatures from 1000C (a reflection of the sun) to -30C (reflection of the sky) at the same time.