Hi Brian. Ya, boat trailers are just mild steel, often galvanized, then 
  painted.
  I'll be building one too pretty soon I hope. 
  I thought about putting some ballast tanks on it so it could be partially 
  floated after the sub floats off, so it would be a little lighter when I try 
  to pull it up the boat ramp. My sub will weigh about 6700 lbs. so I'll need a 
  fairly stout trailer and it will be heavy even when empty. I like the video of 
  Dan's sub launch where he has the telescoping trailer tongue for launch. Very 
  ingenious. 
  Your sub will be pretty heavy too, so a strong trailer is bound to be 
  heavy. Maybe a couple of beer kegs or stainless tubes that could be used as 
  floats would help get it out of the water. Nothing fancy, and maybe could be 
  used as storage containers or tool boxes during transport. Frank 
  D.