The Kingdom of Ulfenheim is the strongest Dwarven Kingdom in all of Selyria. Its capital resides in Mt. Ulfenheim, and has a bustling industry of mining copper, iron, gold, platinum, and gems that make up the Selyrian Gem Currency.

They have a massive order of Dwarven Ferromancers who turn stone into precious metals in order to keep producing for their main industry, and because of such abundance in minerals, they have a massive armory filled with weapons, tools, and armor.

They have a very strong trading relationship with Hreinngar, as they receive food, mages, and protection from Hrothgar, and in turn, they trade their gems and Dwarven Steel to Hreinngar.

Because of this Dwarven Steel trade, this has led to Ravena lowering their prices in Dwarven Steel when trading with Hreinngar in order to compete with Ulfenheim. The Ulfen government then came to an agreement to have a set price on Dwarven Steel, as they began to agree with the Alfheim Dwarves that Dwarven Steel is their nationalistic commodity that should not be easily given to humans or the other races.