Steel has a range of strengths. The "most commonly used steel" is probably just mild steel and yeah Ti-6Al-4V is going to be the rough equal of mild steel on strength broadly assessed. But a high strength steel alloy will be three times that strong, and titanium can only be pushed so far.
I would use “cold roll” instead of “mild steel”.
But otherwise, yea irrc… Grade5 Ti (6AL4V) is approx equal to ultimate tensile of 303 stainless (extremely common) at 50% the weight.
BUT… Ti doesn’t even get close to 600 steels (like Inconel) or even common 17-4PH, etc.