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My brakes have never, ever made that noise on my M340i. They probably have you a BS reason. Unless they are racing brakes, they shouldn't be making a noise that horrid.
For the steering issue, I had the same problem on my Mustang. It had something to do with the steering rack, I'd have to check my service records to check. It made the exact same sound when turning. Can't really compare a mustang and a m340i, but I'd bet that it's the same issue. I was luckily under warranty and it was solved in 1 visit for free.
Whenever I drop off for major service/ warranty work, I usually have them note the mileage and fuel level. If I notice excessive mileage and excessive fuel usage, I demand it to be rectified. I can understand 10 miles on the car for a test drive after service, but not 50 miles and a quarter tank of fuel drained.
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