Power to weight ratios
There are four forces at play for any airborne object: Lift, gravity, thrust and drag. We'll focus on drag and lift since those are the hard parts.
Assuming Adalia's math is right (may be a bit high but let's go with it) and this steel macaw now weights ~100kg, then the wings must generate sufficient lift to overcome that ~100kg of weight. The lift equation tells us what we need to know:
$$L = C_l \frac{r \cdot V^2}{2} \cdot A$$
where $L$ = Force of Lift, $C_l$ is the coefficient of lift, $r$ is air density, $V^2$ is velocity squared and $A$ is wing area.
For our purposes, the wing area, air density, lift coefficient all remain unchanged from a regular macaw. So, in order to support a 100kg parrot in flight, we need to go 10x faster (since velocity is squared in the lift equation).
What a drag
Drag kills. The equation for drag is as follows:
$$D = C_d \cdot \frac{\rho \cdot V^2}{2} \cdot A$$
Where $D$ is the force of drag, $C_d$ the drag coefficient, $\rho$ is air density, $V^2$ is velocity squared and $A$ is frontal area. For our macaw, drag coefficient, air density and area remain unchanged. We only have velocity to work with.
From our lift equation, we know that we have to go 10x faster to support our steel macaw. How unfortunately that means that the macaw must expend 10x the energy to get up to speed and to just stay in the air. Low speed flight will be especially energy intensive since lift will have to be generated from forcing air downward (a la helicopter) instead of suction upwards (a la airplanes).
Further, the wing loading on this bird will be absurdly bad. Maneuverability will be atrocious since the high wing loading demands that all or almost all lift is spent keeping the bird in the air; leaving little to nothing left for turning.
Landing is going to be tricky too. When a bird comes in to land it has to slow down from whatever it's flight speed is to zero. This steel macaw is going to have a really hard time with this since it's wings generate pathetically small drag compared to its massive weight. All landings will be crash landings since the air sure isn't going to help slow the bird down. Oh no, that job belongs to Mr. Dirt-in-your-beak.
We need more power
In order to make this macaw fly, you'll have to upgrade his little fleshy heart and muscles to steel or handwavium. I don't know of a mechanism that will generate the power required to keep this steel weight in the air and still fit in the size of a big bird. Keeping that bird fueled for any substantial flight will be really tough since the flight performance is already so bad.
This bird is grounded!!!
...without serious handwaving. Anyone who knows anything about aerodynamics will have exceptional difficulty with suspension of disbelief.
Visualization
A helpful mental image for why this is such a bad idea: Take a steel plate from an Olympic lifting gym. Try to get it to fly. How fast is it going to have to be flying to stay in the air?