The silver medal is Australia's best ever world championship result adding to the team's silver from the 2008 Beijing Paralympics.
The Steelers had an excellent build up to the final against the USA defeating Japan (65-52), Poland (54-36), New Zealand (53-43), Belgium (67-41), Argentina (69-24) and Sweden (56-38).
Despite the team's stellar form they were unable to end arch rival America's reign as world champions, losing 57-45.
Australian coach Brad Dubberley was disappointed by the loss, bemoaning his team's fumbles and poor plays.
"We had such an awesome build-up to the final, but to get there and then play our worst game of the championships is so disappointing," he said.
"Obviously we were playing a great opponent in the USA, but I can't remember playing a worse game.
The Steelers are now shifting their focus to the 2012 London Paralympic Games where they hope to add gold to their pile of silver.
21-year-old Steeler star, Riley Brett is taking the lessons that were learnt to heart.
"We just need to keep our heads high and train harder over the next two years" he said.
"We're not the best, but we need to become the best and we've got a lot of work to do.
"When it's all said and done, the London Paralympics is the one that matters"
According to Rugby Australia, Wheelchair Rugby is a team sport for male and female athletes with a disability.
The aim is to score goals by crossing the opposing team's goal line while in possession of the ball.
The ball may be passed, thrown, batted, rolled, dribbled, or carried in any direction subject to the restrictions laid down in the rules.
Wheelchair Rugby was developed by three Canadians from Winnipeg, Manitoba as a quadriplegic equivalent to wheelchair basketball.
The sport was originally called "Murderball" due to the aggressive nature of the game. http://rugby.sports.org.au/info.htm
Sometimes it's easy for us to forget about our Paralympians.
They do not seem to be considered as glamorous or as exciting as our other Olympians.
Even the 'Microsoft Word' spell check does not recognise 'Paralympian' as a word.
Yet these athletes should be considered the real heroes in our sporting culture.
Take for example the 100m sprint. Anybody with two legs can run that distance, but how many people with only one leg can?
Or our swimming events; everybody can learn how to swim, but how many people do you know are willing to do it blind?
The Commonwealth Games and the Olympics demonstrate what the human body can be trained to do, but our Paralympians show us what spirit, faith and courage can achieve.