The problem is it's not really a worthwhile alternate method. By the time you can purchase this crafting station, you should have enough money to buy hundreds if not thousands of wire, without putting that big of a hole in your wallet.
Seeing that this is post-Plantera..
If you sell everything the Destroyer drops, on average, that's about 47.6 gold. This can be spent to buy 952 wires.
Alternatively, you can craft 190 copper bars into 950 wires.
It's really just not worth it at that point.
But if the station was available early on, and the ability to buy wire came later.. this station would have more use.