It sounds like you're dealing with a machine that moves or vibrates quite a bit. One rule of thumb, for geotechnical considerations, that always sticks with me is that the machine pad (typically reinforced concrete, but I suppose steel would work too) should have a weight equal to the weight of the machine or greater. This is to prevent excessive foundation vibration which could lead to settlement of any underlying loose to moderately loose sandy soils. With a pad of similar weight to the machinge, the chance that resonant frequencies being set up in the whole system (machine and pad) are reduced. This reduces vibration amplitudes. Most of the machine pads I've seen are below the surrounding floor slab, maybe 12" below the floor slab, so this would prevent the machine from "walking." If this machine is being set up over an existing slab, it might need to be secured to the floor slab, if the slab can handle the loading. You could always try it and see if it walks. Check the weight of the steel pad you are talking about and compare with the machine weight for starters.