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Making the most use possible out of your Blast Furnace is crucial to your armaments but it does require a couple of tasks to be accomplished prior to. Make sure you're stocked up with GP since the following jobs will not be cheap: Begin the quest ‘The Giant Dwarf' for access to Keldagrim.
You'll need at minimum sixty smithing (with no boosts) or, alternatively, pay an amount of 2,500 for an Blast Furnace foreman to smelt bars for 10 minutes. Every hour at the Blast Furnace will use 80,000 GP therefore, be prepared.
To cut down on the entrance cost, with recommend gaining The Ring of Charos (a). It is recommended to avoid the option to pay with that Blast Furnace foreman, as it will negate the value of the ring. This ring can be acquired by completing The Creature of Fenkenstrain questline.
Bringing Ice Gloves to the Blast Furnace will be beneficial when you're using the bar dispenser, since it cools the bars quickly enough for you to take buy rs 07 gold. This will cut down on time, instead of lugging buckets full of water every time to cool the bars (and it'll reduce inventory space too!).
