Charcoal is inherently kinder to high carbon steels. What do I mean by that statement? Charcoal readily produces a reducing atmosphere in the forge. In fact it takes experience to get anything but a reducing atmosphere. Gas and coal are the opposite. It takes experience to hold a reducing atmosphere with these fuels. You're always working against it's natural behavior. It's hard to decarburize steel using charcoal at normal forging temperatures. You have to push a lot of air through very little charcoal or hold the steel at welding temp for longer than normal. You can also use charcoal ash as a flux to encapsulate the steel. You will not lose or gain carbon. It's easier to weld with compared to borax and the ash flux doesn't eat up the steel or the inside of your forge like borax will. I think charcoal has been ignored for the most part by modern smiths and this has caused a lack of information. Most smiths stay with the fuel they learn on. And since there are very few people teaching how to forge on charcoal it has become the forgotten fuel. The few smiths that try are frustrated by their results usually due to a poor forge design. One very talented bladesmith told me he tried using charcoal and it worked great but he burned up 50 pounds of lump per hour. My forge uses 2 pounds of charcoal lump per hour and will heat up a large bowie size chunk of steel in less than 3 minutes. Charcoal has a lot of advantages and probably more than the modern smith has yet to uncover. I have been using natural charcoal full time as a professional knifemaker for 5 years now and I'm still learning new things about it all the time. If I could convince a few dozen bladesmiths to give it a serious try then we could really cover some information ground. It wasn't the fuel of choice for thousands of years without good reason.