Currently, you have to smith an iron bloom into an ingot and then smith the ingot into your desired tool/item.
I feel like it would be easier and more coal-efficient to be able to smith the bloom directly into a tool.
Maybe make blooms behave a bit like ingots? i.e shift click the hot bloom onto an anvil and pick the item you want to smith.
or add hot blooms directly to an unfinished workpiece like you would with ingots. It would save a heck of a lot of time when smithing iron plates.