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Yes it is.

Frame and slide material are listed as steel.

Frank, both Slide and Frame are Black Stainless Steel Sir. ---- ((Complete Specifications)): Caliber: .22 LR - Capacity: 10 Round Magazine w/ Finger Rest - Action: Single-Action/Double-Action Semi-Automatic - Slide/Frame: Black Stainless Steel - Barrel: 3.3" - Muzzle: M8x.75 Threaded - Slide: Rear Slide Serrations for Non-Slip Grip, Internal Slide Stop - Front Sight: Adjustable for Windage - Rear Sight: 3-Height Adjustment for Elevation - Sight Radius: 4.2" - Grip: Checkered, Longer than Standard PPK, Beaver Tail Extension, Black - Trigger Type: Curved - Trigger Pull Weight: 17.5 lbs - Double-Action)/6.6 lbs (Single-Action) - Safety: Manual Firing Pin Block - Overall Length: 6.1" - Height: 4.9" - Width: 0.98" - Weight: 1.5 lbs.