i think ive heard of late that arrows are in the game (this was of some doubt for awhile) and that rangers would be able to make them w/o having to go back to town (from harvested materials and not needing a forge or something like that). Although i dont know where i read it, ill take a look for the quote and edit it in if i find it.
EDIT: i found a quote by a non dev saying something to this effect
here but it seems they will have to go back to town to assemble. still looking for a dev post on the subject.