This article addresses the issue of passive fire protection of steel structures using wood-based board materials, specifically OSB panels. Although steel is non-combustible, it rapidly loses its mechanical properties at temperatures above 400–600 °C and therefore requires effective fire protection. The study demonstrates that timber claddings, despite being combustible, can paradoxically slow down steel heating and extend load-bearing capacity due to the formation of a charred layer. In the experiment, beams with different OSB claddings were tested, showing that multi-layer systems can increase fire resistance by several tens of minutes. These findings were further validated by numerical modeling (CFD and FE analyses), enabling a detailed description of heat transfer, pyrolysis processes, and structural response. The study provides a methodological basis for the design and assessment of timber claddings as an alternative fire protection system for steel members, emphasizing safety, architectural integration, and sustainability.