You have a 40's truck?

If you replace them mild steel is probably fine, depending on use. The original was probably a better grade of steel though.

I have not replaced those plates, but I did replace a bunch of 3/8" rivets in my 48 2 ton frame.
It is not real simple, but not impossible.
Would be nice to have the proper tools, an air powered rivet hammer with the correct concave die/punch to form the rivet head.
I made my own die/punch, or what ever you call it, for use in an an air hammer, Also made a heavy piece of steel with a concave to fit the rivet head and back it up while forming a head on the other end with the air hammer.

It worked good for me, takes two people, one to hold the backup piece, called a rivet buck, and one to heat the rivet held with a pair of tongs in front of the torch to bright red heat, install it, and form the head with the air hammer.

I have been told that a true rivet hammer acts different than the air hammer I used, and would make the process easier.

Grigg


1951 GMC 250 in the Project Journals
1948 Chevrolet 6400 - Detroit Diesel 4-53T - Roadranger 10 speed overdrive - 4 wheel disc brakes
1952 Chevrolet 3800 pickup
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"First, get a clear notion of what you desire to accomplish, and then in all probability you will succeed in doing it..." -Henry Maudslay-