I found one other song by Mr. J T Bill titled "Dudley Tank Bank" (link) but not the song you mention. The Tank Bank song is a patriotic number meant to drum up war bonds in World War I, so that at least gives us an idea of his age. Seems as if the song of that title is political in nature. But, like you said, it's a start.

I don't suppose this poetic tribute to Aries is what you're after, either. link

A similarly-themed song with the opposite resolution is Foster & Allen's The Blacksmith (B side to Bunch Of Thyme). A closer song is the Steeleye Span song of the same name: link

I still don't think this is it, but yet another blacksmith love song: The Blacksmith and the Toffee Maker

Otherwise, no luck on my end either.

Do you know anything about the year, area (US, UK, elsewhere?), genre, etc?