I am currently trying to refill my steel stocks by melting and forging axe blades etc. I want all my dwarves to be, at all times, equipped with masterwork steel armor and battle axes.
It's going good for now, because I used the 1 bar for 500 coins for 50 bars exploit (manually, mind you). Some dwarves have just under masterwork quality armor pieces. Now, only my dedicated woodcutter and dedicated miner are clothed, the rest are armored.
It's easier since I'm doing a closed fort. Invaders are ON, but I embarked with some wood, cut enough to be self sustaining for a loooong time, and disabled trading and migration.
Now I have 15 adult dwarves (3 or so have died from failed moods), very high drink and food stocks, and 25 or so children (pop cap set to 0, though, which means pop cap doesn't stop pregnancies).
I'm waiting for the first children to get old enough to work. For now, this is a pretty boring fort, since I don't need to expand at all.
I'd really like to have family names instead of random names