Can be defective wheel bearing, or worn brake pads. You might also want to check the Power Steering fluid level. Low PS fluid level will cause the pump to squeal.
try checking fluid level
change your wheel bearing!!
cos its a renault
squeaking noise coming from sleeve covered arm coming from steering column to the wheel
Your Axle
The wheel may be bent. Take the vehicle to a trusted tire shop and have them remove and test the wheel to see if it is bent. The squeaking noise sounds like the brake pads are worn out. You need to have this looked into for the safety of you and your family.
ummm power steering
ball joints or tie rods
You may need power steering fluid
Without seeing it , I will tell you that most of the time wheel noise that happens when you turn the wheel is due to a CV axle that is failing. Test is this way: go into a large vacant parking lot and turn the wheels to the right and go in reverse; is the noise worse? It may be if the joint is bad.Usually a wheel bearing will make a low growling noise; but you called it a squealing noise. I hope this helps a little.
It could worn out wheel bearing.
I am not sure what you mean by "cranking" noise. My guess is a bad wheel bearing. A loose wheel makes a noise especially if the some of the bolts have fallen out and are rolling around in the wheel cover.