The term "bare" simply means that the steel is exposed and has no protective layer. In other words, bare steel is steel that has not been treated or coated with any protective material. This means it's in its raw, unprocessed state. Bare steel can be used for various purposes, but it's more susceptible to corrosion and other forms of damage compared to steel that has been treated or coated.
For instance, when steel is exposed to moisture from rain, humidity, or other sources, the water supplies the essential element for a chemical reaction to occur. Oxygen in the air reacts with the iron in the steel, causing it to rust. There are many ways to reduce corrosion, one of which is to use paint or galvanization.
Depending on the intended use, people will choose between bare steel, painted steel, or galvanized steel.