In many parts of NZ, rural fences are constructed with high tensile galvanised steel wire with wooden posts, between these posts are 3 or 4 steel posts made of 8 mm x 30 mm hot rolled mild steel, in some parts of the country these do not last very long. In years gone by these standards were made of wrought iron, there are examples of these dating back to the beginning of the 20th century. In Central Otago (very dry by NZ standards) there are some early wire fences, made of unplated wrought iron wire, it is somewhat thicker than the old #8, maybe 3/16" dia, no pitting or rust, and if the animals have been rubbing against it, highly polished. Main disadvantages are, it doesn't hold tension because it stretches, it is very heavy because of the extra diametre, you can;t buy it 'cause they don't make it any more.
Ian S C