Almost pure iron, the only other component in wrought iron is the slag imbedded in the iron during processing. As the iron is gathered in the bottom of the smelting furnace, it picks up bits of slag that become long, thin strands as the metal is put though the rolling mill to make bar stock.
As can be seen in the photo of the anchor, wrought iron has grain, like wood. This grain structure must be respected, as any woodworker knows. A metal bar will split on the end just like a board will if you drive a nail too close to the end.
Anchors like the one above still exist today because real wrought iron resists rust 7 times longer than low carbon steel. This is partially due to the silica slag and partially due to the purity of the iron.