Unless it was changed I think there is something where if you have 5 axe skill over your blacksmithing, then only the axe skill up to 5 points over your blacksmithing will count towards making axes. So say you have 15 blacksmithing and 25 axe skill only 20 of the axe skill will count.
Also the reason there are no "massive axes" is because the ones you craft are already two-handed so in a way they are already massive axes. So humans and dwarves already make the two handed variety of axe.
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