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Smelting iron ore in a furnace takes 2 in-game hours. The "Transmute (Fe)" recipe is earned at [[Mining]] Level 4.
Iron bars are used in a variety of [[crafting]] recipes and are used to upgrade [[tools]] to tier 3. Each iron bar can be sold for {{price|120}}, or {{price|180}} with the [[Skills#Mining|Blacksmith Profession]].