Hi Flanajb, I'm no expert in this field; I build reinforced concrete structures. The steel will not cause the concrete to crack; with shrinkage. The steel actually works completely opposite and stops the cracking; as we put 'anti-cracking' bars in corners; as shear force is applied more in corners and causes more cracking.
Assuming it's 2.7m long by 75mm wide, 150mm deep; I would certainly reinforce with steel, and small little links, you will want a slightly larger aggregate would also help. Maybe a little single to give a bit more strength; sharp sand a little on the weak side. You might be able to tie some simple wire depending what sort of load you're putting on it.
I'm no expert at all; but would aluminum not be a better material for your requirements; lighter, greater tensile strength?
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