Yes, but low quality iron has those same issues. You need proper steel to make good equipment and proper steel requires more advanced furnaces and metal working techniques than bronze.

You are talking about meteoric iron, which is naturally-occurring high-quality iron due to it not being exposed to Earth’s environment.

Star metal in Conan is not meteoric iron, but an otherworldly material originally introduced into Conan through Conan the Adventurer. Keep in mind that Conan, while set on an ancient Earth, is also intertwined within the Cthulhu Mythos, so mysterious materials and objects from alien worlds and alternate dimensions is normal in this setting.

Most of the gods, demons, and supernatural powers are just aliens and inter-dimensional entities with powers beyond human understanding.

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