Not a patch on freshly forged fire iron (8)

I believe the answer is:

inferior

I'm a little stuck... Click here to teach me more about this clue!

'not a patch on freshly' is the definition.
I can't judge whether this definition defines the answer.

'forged fire iron' is the wordplay.
'forged' is an anagram indicator.
'fire'+'iron'='fireiron'
'fireiron' is an anagram of 'INFERIOR'.

Can you help me to learn more?

(Other definitions for inferior that I've seen before include "Substandard, lower in quality" , "not vintage" , "Lower in standard or rank" , "Less good" , "Poorer in quality" .)

I've seen this clue in the Sydney Morning Herald.

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