Molten iron

Overview
Molten iron is the melted, liquid form of iron ore that has been smelted by a 
Once generated, molten iron can be cast into iron plates, but it can also be cast directly into steel plates as well as a number of other iron derivative. Many, but not all, of these casting recipes are more resource efficient than casting to plate and using an assembling machine to make the derivative.
A fluid wagon of molten iron represents more iron plates than a single cargo wagon can store. Even without productivity modules, 50,000 molten iron represents 7500 iron plates, nearly twice the storage of a cargo wagon (4000 iron plates). Additionally, even with legendary quality productivity module 3s, the 2000 iron ore that fills up a single cargo wagon would only generate 50,000 molten iron, the exact size of a fluid wagon. So fluid wagons are always at least as efficient per wagon as ore or plate.