Pig Iron
Iron poured in the hottest dwarven furnaces, a mechanical oddity that has been observed but not fully researched.
Pig iron
Some holds can muster furnaces capable of getting near the forging temperatures for platinum, and those holds would also be capable of pouring pig iron. Pig iron is a mechanical oddity that has been observed but not fully researched.
The breakthrough
The breakthrough would be large castings for more advanced machinery than the dwarves can currently imagine.
See also: Hardcast Works, Steel, Platinum