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Crafting estimate at current listings

At current lowest listed prices one craft shows an estimated profit of 56 silver25 copper. Listings are asking prices, not sales.

Reagent cost (lowest listed)
6 gold4 silver
Crafted item, lowest listed price
6 gold95 silver
Auction House cut (5%)
34 silver75 copper
Estimated profit at that listed price
56 silver25 copper (+9%)
  • Evidence: 30 current listings holding 15,566 units of the crafted item in the US region. We see listings, not sales, so how many sell and at what price is unknown.
Verified priceAuction HouseUS region
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Cost per reagent

ReagentQtyEachCostShare
Iron Bar
Metal & Stone · 7,315 on the Auction House · crafted by Smelt Iron (Mining)
15 gold99 silver5 gold99 silver99%
Coal
Metal & Stone · 5,366 on the Auction House
15 silver5 silver1%
Total per craft6 gold4 silver100%

About Smelt Steel

One craft takes 1 Iron Bar and 1 Coal. Steel Bar is itself a reagent in 17 other recipes (Blacksmithing and Engineering).

Recipe category
Smelting (Mining)

Steel Bar tooltip

Steel Bar
Item Level 10
Trade Goods
Sell price: 60c

Steel Bar: lowest listed price, last 30 days

The current lowest listing sits at its 30-day median. Over these 30 days the lowest listing moved more than tenfold, so a single snapshot, including the one the estimate uses, can sit far from typical.

Now
6 gold95 silver
30-day low
3 gold91 silver Oct 7
30-day high
998 gold71 silver Oct 22
30-day median
7 gold
7-day median
7 gold
Hourly snapshots
692

US region, the cheapest listing at each hourly Auction House snapshot. These are asking prices, not sales.

Where the reagents come from

Iron Bar. Made with Smelt Iron (Mining, Classic Mining) from 1 Iron Ore. At lowest listed prices that makes one Iron Bar for 4 gold82 silver, against 5 gold99 silver listed. Also a required reagent in 34 other recipes (22 Blacksmithing, 6 Engineering, 4 Jewelcrafting and 2 Alchemy); Barbaric Iron Breastplate takes the most, 20 per craft.

Coal. No recipe, Blizzard quest reward or dungeon journal drop in our game data produces it. Also a required reagent in 3 other recipes (1 Engineering, 1 Enchanting and 1 Blacksmithing); the most per craft: Halfhill Cookpot (Engineering, 8 per craft), Intense Mogu Brazier (Enchanting, 5 per craft) and Pandaren Signal Brazier (Blacksmithing, 4 per craft).

Reading these numbers

At current lowest listed prices the 2 reagents for one craft of Smelt Steel cost 6 gold4 silver. Most of that is Iron Bar - 1 at 5 gold99 silver each, 5 gold99 silver, 99.2% of the whole basket. Watch that one price and you have watched most of this recipe.

Break-even is 6 gold35 silver - below that listed price the craft loses gold once Blizzard’s 5% cut is taken. The crafted item’s lowest listed price is 6 gold95 silver, which clears it.

At that listed price the gross margin before fees is 91 silver; the Auction House would keep 34 silver75 copper of a sale, leaving 56 silver25 copper. That is an estimated 9.3% return on the gold you put into reagents, after the cut has taken 38.2% of the gross.

Listing depth right now: 15,566 units across 30 auctions region-wide. Depth separates a market price from a single asking figure, but listings are not sales, so read it alongside the estimate.

Other recipes that use Iron Bar

Guides and routes on this site that cover Steel Bar.

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