from AWS "Welding Handbook" Vol 2, 7th edition P. 366 "Hydrocarbon gasses, such as propane, butane, city gas and natural gas are not suitable for welding ferrous materials due to thier oxidizing characteristics." That is what the "Good Book" says, however this topic just came up on a blacksmithing site, and the resident Guru there claims it is possible, just trickey, but the last time He tried it it diddn't work out.
Getting back to the original question- when I tried this in order to get the flame hot enough to melt the steel required that the flame be more oxidizing than you would want for welding. The extra oxygen burns the carbon in the steel resulting in carbon monoxide which somehow makes the steel effervesant (like soda water). The bubbles made the steel porous and the weld useless. If you need to join steel with oxy/propane braze it. If you need to weld it get the acetylene, breaking the triple bond referred to above releases a lot of energy and makes welding easy.
Bill