if youre welding up to 5mm plate youll need a 150amp mig welder .
this is about as big as you can run on 16amp mains . if you have a 32amp socket you can use then a 200amp mig will work nicely .
i doubt though that youll require any more than a 150amp welder for almost all you want to do .
gas , there are 2 types youll use for steel welding , firstly and cheapest is CO2 carbon dioxide . this is obtainable in refillable bottles from welding supplies outlets and cost is £30 for the first full bottle and then about £9 per refill exchange of bottle . this is SEALEY make .
there is now also a small cylinder available , argon+co2 mix , this is around £30 bottle rental for 3 years and around £10 for each refill, but these cylinders hold 10x the gas the sealey bottles do .
co2 will suffice for the majority of welds , some say it cools faster and dont like it but i doubt youll notice the difference between the 2 gases on offer .
as for wire youll use either 0.6mm or 0.8mm PLW [precision layer wound ] in 1kg or 5kg reels .
0.6mm is used for welding thin plate , ie on car body repairs, but 0.8mm is a good combination between thin and thicker plate ability . you can weld thicker plate with 0.6mm but it will need to have wirefeed speed high .
0.8mm will also not tend to stick or clog up in the liner in the torch and make a birdsnest on the feedrollers .
for just thin plate welding you can use a 100-130amp mig ok.
one word of advice , if you buy a 150amp mig , then try to get one which uses a euro adapter for the welding torch and use a binzel or parweld MB15 torch in it . you can also use an MB25 torch , these i buy for £30 .
spares are cheap for these torches , i pay 20p per welding tip , but i buy in large numbers to obtain this price .
as for gas regulator youll need a "single stage dual gauge " type .
hope thats of help to you .