I would classify it as a post and beam type of wall system using steel as the structural and EPS as the insulation. A SIP is a structurally insulated panel and the outer layers (either steel or OSB) are laminated to the EPS foam and create an "I-beam" structure.
So technically it is NOT a SIP. Why not just go with a SIP system? You can go with a
steel SIP or wood SIP. Chris Kavala is a great guy to work with and he frequents this forum.