Not sure I would use a steel rod, but I would try metal strapping material first. It is plenty strong enough if done properly, and a metal plate could be used to secure the metal strapping. It's not all all impactful in the room and shouldn't damage the pillar. Heck, even nylon stapping, which is readily available from hardware stores, is plenty strong enough for the lighter TVs used today. Probably even heavier ones. In fact, I would more likely go that route. Get a 2x2 piece of 3/4" plywood, cut four slotted holes in it, run nylon strapping through it, and put it on the pillar.
That would be cheap, and would work I would think. I think you could hang from it!
Then just use a standard universal mount with your TV.
The more obvious solution is to just use a ceiling mount. Have a pole drop from the ceiling with the TV mounted on it. Chief and others make this type of solution available.