Just iron, since it is a raw material already.
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The raw materials required to make steel are a piece of iron ore and two(2) pieces of coal.You can smith these into steel through the use of a furnace or the use of the spell Superheat Ore.
pilgu sons MIGHTY PUNCH
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A good way to make money is to get some raw materials, and sell them at the Grand Exchange. You can get raw materials by mining, fishing, or woodcutting. Mining is best for a start, since you don't need a high level to get good money (even at level 1 you can mine clay, which is fast to mine and sells for a decent price). Another way is to kill cows and sell cowhides and raw meat (or only the cowhides).
To make a stove i made a link its hard to explain without a visual. Info: Really its called a furnace, you use it to "Smelt". Most for ores to make ingots like iron ore, smelt it you'll get iron ingots: Used for weapons and bucket to transport lava, water, and milk. Also used for food, if you have raw porkchop you can cook it, same with fish. To smelt you must have charcoal right click the furnace put it at the bottom and put the other item on the top of the 2 blocks. Also, you can make a stove that cooks things, (you can cook yourself) if you throw it on, however, it is hard to do, and requires a lot of resource. I did it, and I used up a whole d. pick