Arntzen makes very nice T-1 steel 1/2 size IPSC targets. They are actually about 1/3 to 1/4 the surface area of a full size. Pistol rounds splatter off the steel harmlessly if you 50 feet away. The rifle would wreck the steel eventually. A pistol caliber carbine would not hurt the targets.
The price is less than $20 each plus UPS. I made stands of scrap wood from construcon sites for mine. After a few thousand rounds a I burn the shot up stand and hammer together a new one in a few minutes. The steel comes with a 1/2 inch hole drilled for hanging with a 1/2 inch bolt.