How do Floworks interations relate to time?

Have you tried a time dependent analysis with output options specified to save the initial results? I don't think the iterations are related to real time in a steady state analysis.

Ah yes. That is it. I am learning a lot every day so even yesterday's questions sound silly to me now.

Hi,
to be "exact", what you see in the calculation preview is the value field at each iteration needed to make a "step" converge (in a steady-state analysis, you have only one "step"). The initial field is obviously a "null" one, or a uniform gradient, or some very simple "first-guess" solution. Afterwards, the Navier-Stokes equations will govern progressively the values computed in each cell. Convergence will be achieved when all the "goal" values at an iteration will differ, from the previous iteration, less than the thresholds.
In a transient analysis, if you request, say, 1000 steps in order to capture the evolution of the fluid field at intervals of 1 ms for a total duration of 1 s, then you will have 1000 x "steady-like" solves; if each solve takes, say, 20 iterations, then in total you will have approx 1000 x 20 total iterations (I say "approx" because the number of iterations will not necessarily be constant).
Do never confuse the solve evolution in the preview with the time-dependent evolution of the fluid field!!! Even if it can seem very alike (in some simple cases), it can be extremely misleading!!!

Regards