Steel and rubber tracks differ in terms of durability, operating noise, and terrain adaptability. Steel tracks are known for their high durability and are ideal for tough terrains and heavy-duty tasks. They are more resistant to cuts and punctures but can be noisy and cause damage to paved surfaces. On the other hand, rubber tracks operate with less noise, cause minimal damage to surfaces, and provide a smoother ride. However, they might not be as durable as steel tracks and are more susceptible to wear and tear.