GUIText component won't render

In my script I create a new GameObject and attach a GUIText component to it with necessary configuration but for some reason it won't render.

Here is my code:

 public class GameGUI : MonoBehaviour {
 
     public GameObject stepsTextObject;
 
     void Awake(){
         this.stepsTextObject = new GameObject("StepsText");
         this.stepsTextObject.transform.parent = this.transform;
         this.stepsTextObject.AddComponent<GUIText>();
 
         this.stepsTextObject.transform.position = new Vector3(0.5f, 0.5f, 0);
         this.stepsTextObject.guiText.font = new Font("Arial");
     }
 
     void Start(){
         this.stepsTextObject.guiText.text = Game.playerComponent.steps.ToString();
     }
 
     void Update(){
         this.stepsTextObject.guiText.text = Game.playerComponent.steps.ToString();
     }
 }