wrought iron furniture

Dear teachers,

Would you tell me whether I am right with my interpretation of the expressions in bold in the following sentences?

In this day of plastic, any cheaply made furniture of all kinds there is nothing better than wrought iron furniture.

wrought iron = a pure form of iron having a low carbon content and a fibrous microstructure

Sam’s Jeep stops before a pair of gates with the words “VAN RYAN” woven into their wrought-iron design.

Thank you for your efforts.