I know it's old question but it still in first 10 links in google.
It is not very efficient to save rows one-by-one because it cause database call in the loop and you better avoid that, especially when you need to insert huge portions of data.
It's better (and significantly faster) to use batch insert.
INSERT INTO `mouldings` (suppliers_code, name, cost)
VALUES
('s1', 'supplier1', 1.111),
('s2', 'supplier2', '2.222')
You can build such a query manually and than do Model.connection.execute(RAW SQL STRING)
(not recomended)
or use gem activerecord-import
(it was first released on 11 Aug 2010) in this case just put data in array rows
and call Model.import rows