Hi Steve.
The iron I am using for this project is known as Meehanite it has excellent strength and stability. and in bar form is continuously cast keeping it free from gas bubbles and hard spots. it is also used to cast things like brake drums that have to be stable under harsh conditions.
The company that I got mine from is South West Steam Miniature Engineering They advertise on E Bay. so you can see the price per inch. but remember the company is in England so post is a very big consideration, the post to Sicily was almost the same as the cost of the metal.
I understand that Durabar in the USA is a good grade of iron and easy to work.
My only other comment is that its dirty,Black dust everywhere and almost impossible to get clean after.
I will be glad when I have finished the iron parts. A workshop Vac is a must, I use a vac that was made to clean stove grates so it tolerates the odd hot chip in it's metal lined tube.
Best Regards Brian.
I forgot, the rings I am using are from a weed cutter or chain saw also advertised on E Bay.