after a little research Im finding that steel shafts for archery arrows were first patented in 1927. Im finding patent info from 1927, 1930 by both the American fork and Hoe company out of Ohio (later to become true temper) as well as Accles and Appolo.

1927 depicts these arrows.

http://www.freepatentsonline.com/1842540.pdf

1930 filing date for another patent.

http://www.google.com/patents/US1989847