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Hi Anty, welcome to the forum. The difference is the colour, steel being bright silver when new & nickel having a slight yellowish tinge to it. Not sure if you can get steel track anymore as the main producers ( Hornby/ Peco) make it in nickel silver as do kit & rail parts suppliers like SMP so that kinda answers your " which is best", although I suspect that some modellers will prefer steel.
 
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