Blood iron can not be smeltered.
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See screenshot "no ingot can be created with this ores, please try another ..." message when trying to create blood iron.

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Additionally just a minor thing: It probably should be "these ores" in the error text. But I am not native English speaking.
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Working as intended.
Blood iron is no longer made in the smelter, it is made in the forge.
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So advanced smeltery just reduces fuel costs now?
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Yeah, pretty much that and reduces total processing time.
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I have updated the wiki accordingly.
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@TheBodo Thanks for that!
Next time though, just shoot a message regarding it on the #Wiki-Contribution channel on the Discord, and the wiki team will handle it.
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wait... so advanced smelters and the alloy tech does not allow for alloy making in the forge? just reduction of time and fuel? double ouch.
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@OlivePit We can make alloys in the forge.. But it is harder than before, almost every alloy needs 3 different ingots now and you produce always 5 alloys from 5 raw ingots, not 2 from 2.
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Actually, you produce 5 alloy ingots from 6 raw ingots.