No, iced tea is very different, but you can make it starting with the same steps.

Basically, steep the full four minutes, and use one teabag more than you would for the same amount of hot tea. When it has finished steeping, pour it over ice in a good ceramic jug, one that won't be ruined by mixing very hot with very cold. Add lemon juice and sugar to taste. Homemade iced tea is easy. It's a staple of my fridge in the summer.