Common gas mixes for the home hobbyist and small fabricator for steel would be:
100% CO2 -Lowest price, generally greatest penetration, and higher levels of spatter. Limited to short circuit and globular transfer.
75% Argon - 25% CO2 -Higher price, most commonly used by home hobbyist and light fabricator, lower levels of spatter and flatter weld bead than 100% CO2. Limited to short circuit and globular transfer.
85% Argon - 15% CO2-Higher price, most commonly used by fabricators, with a good combination of lower spatter levels and excellent penetration for heavier plate applications and with steels that have more mill scale. Can be used in short circuit, globular, pulse and spray transfer.
90% Argon - 10% CO2- Higher price, most commonly used by fabricators, with a good combination of lower spatter levels and good penetration for a wide variety of steel plate applications. Can be used in short circuit, globular, pulse and spray transfer.
MIG welding aluminum is different than welding steel when it comes to shielding gas requirements. For aluminum, 100 percent argon is the gas of choice, whereas steel welding calls for a mixed gas or 100 percent CO2 gas. The good news is that no special equipment is needed - your existing regulators (with the exception of CO2 regulators) and gas hoses can be used for both pure blends and mixed gases.