» Thu Nov 15, 2012 9:49 am
Quantity of items made/improved no longer determines the XP you get, it's now dependent on the value of the items themselves. To quickly level up smithing you should focus on making/improving the highest value items possible with the materials you have, and on obtaining higher value materials to use for that purpose.
Obviously without getting high enough to take perks for those materials you can't forge anything from them right off, however if you get them you should use them to temper whatever higher value items you find (or buy, if you've got the coin).
One good way to start making higher value items early on is to focus on jewelry, since you do not need any smithing perks to forge silver and gold items. While silver and gold ore/ingots are more expensive you can obtain and learn the Transmute spell which lets you turn iron ore into silver ore, and silver ore into gold ore. IIRC this spell cannot be bought from any vendor but there is a copy in Halted Stream Mine, located roughly north of Whiterun (usually the easiest to obtain early in the game). There is another copy in Ansilvund.
Once you have the Dwarven perk, Dwarven bows are a good way to go as Dwarven ingots/metal is often available in large quantities for free in Dwemer ruins.