A 242 is a specification for high strength low alloy steel shapes. This material can be welded using most common arc welding processes; SMAW, FCAW, GTAW, SAW. What else do you need to know?
"On single pass welds, mild steel electrodes are commonly used. There is usually enough pickup from the base metal to obtain a good color match.
On multiple pass welds, low-alloy electrodes are commonly used to obtain a good color match and similar corrosion resistance. The electrodes commonly specified include those with the suffixes -C1, -C2, and -C3. "