Dwarven Metal Ingot

"No other race has replicated whatever process was used to create dwarven metal. Although it can be easily mistaken for bronze - and in fact many forgers of dwarven materials use bronze to create their fake replicas - it is most definitely a distinct type of metal of its own."

- Calcelmo, Dwarves, v1

Characteristics
Golden-red in color, Dwarven Metal Ingots are used to create dwarven armor and weapons utilizing the Dwarven Smithing perk at a forge.

Unlike most ingots, which are smelted from Ore or mined from Ore Veins, Dwarven Metal Ingots are produced by smelting certain Dwemer Artifacts found in Dwemer ruins.

Dwemer Metal "Ore"
The following table shows the ore substitutes that are smelted to produce Dwarven Metal Ingots, arranged from most to least valuable (determined by a weight:ingot ratio) to the player.

(Note: Non-bent Dwemer Scrap Metal can easily be mistaken for an ore substitute, but it cannot be smelted.)

Smithing
Dwarven Ingots are used to craft and improve Dwarven Weapons and Armor.

Locations
Dwemer Metal "Ores" are found in Dwemer Ruins and stores:

Dwemer Metal Ores can also be purchased from Adrianne Avenicci, one of the blacksmiths in Whiterun.
 * Mzulft, only fully accessible with the Mages Guild quests (College of Winterhold), has the equivalent of about 350 or 360 ingots, if you collect -- according to the chart -- Solid Dwemer Metal and above. If you pick up everything, it probably holds somewhere near 425 ingots.
 * There is an unmapped Dwemer storage building between Stony Creek Cave and Mzulft. A door requires apprentice lockpicking to reach an ingot store room, and there are also many smeltable pieces lying around the complex.
 * Smithing items can be found at the Dwemer museum in Markarth

Usefulness
A good strategy to fetch all Dwarven Metals in a ruin is to find a sack, chest or anything you can store items in, in which you put all the things you don't need for exploring (you need armor, weapons, potions and scrolls at max). Then every time you would get overloaded, get back to your storage object and unload all you don't need. Once finished exploring get all your belongings from the storage object and head back to the surface. Be careful to not leave your items for too much time and load other areas, as they may not be there once you return. Being a Werewolf is also useful as it won't slow you down while in beast form. Combined with the Ring of Hircine it makes exploring much faster and less annoying. Once outside it would be great having a horse waiting there for you to carry you home. Also, The Steed Stone improves your carrying capacity by 100 units, which greatly improves exploration.

Trivia
Although the Ingot looks like a deep and dark orange, the weapons and armor crafted seems to be like clean and light yellow-gold color. This is likely because steel and iron ingots are also used to smith these types of weapons and armor.

Двемерский металлический слиток