The Magic's Bonus for Runescape Players

If you have a Magic level(Runescape powerleveling) of 43 or higher, you can actually forego taking the materials to a furnace by using the Superheat spell to smelt the iron and coal into steel bars.

One big advantage of choosing this method is that it will give you experience for both Magic and Smithing each time you smelt a bar. The disadvantage of this method is that each cast uses 1 nature rune and 4 fire runes. You can get around the fire rune requirement by wielding a firestaff of some sort when casting the spell.

However, you will still have to come up with the nature runes, which run in the neighborhood of 200-250 gp each on the Grand Exchange. That still leaves room for a nice profit from selling the steel bars, though, if you want the added benefit of being able to train Magic and not have to run back and forth from the bank to a furnace.

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