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The phrase "has been falling steadily" is grammatically correct and can be used in written English.
You can use it to describe a continuous action or state that has been happening in the past and is continuing in the present. For example: - The stock market has been falling steadily over the past month. - The population of this city has been falling steadily for the past 10 years. - The quality of their products has been falling steadily over the past few years.
Exact(60)
THE death toll of civilians and American soldiers in Iraq has been falling steadily.
Unemployment has been falling steadily from its peak last year of 5.8%.
Torrential rain has been falling steadily over much of Queensland since November.
It also explains why the unemployment rate has been falling steadily.
Torrential rain has been falling steadily over much of Queensland for weeks.
The tenure of chief executives has been falling steadily, as has the holding period of stocks.
Since oil discovery has been falling steadily since 1965, this deficit is only likely to widen.
The market share of domestic automakers has been falling steadily to foreign competition.
For whatever reason, the share has been falling steadily for fathers, down from 64 percent in 1992.
The number of business start-ups per capita has been falling steadily for the past three decades.
Moreover, the time we work to support the unemployed has been falling steadily since the mid-1990s.
More suggestions(16)
has been plunging steadily
has been falling further
has been falling rapidly
has been declining steadily
has been diminishing steadily
has been falling slowly
has been slipping steadily
has been falling regularly
has been falling ever
has been drifting steadily
has been declining continuously
has been growing steadily
has been getting steadily
has been increasing steadily
has been composing steadily
has been shifting steadily
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com