British Stainless Steel Association (BSSA) chairman Peter McDermott said there are signs of recovery on the way.
He told members at the group’s annual lunch and forum in Sheffield, UK the association was seeing some signs of recovery, with prices increasing.
He said that he, as an end user, wanted to see high prices but he wanted the increase to rise slowly without the ‘overheating’ of rapid increases of the past.
He told members the association was seeking to improve its funds by increasing advertising on its on its website and by republishing its BSSA Guide to Stainless Steel Specifications handbook.
It was looking to grow its membership from 141 to 250 and will target Scotland where membership is currently low and where the offshore and alternative energy industries are active.
Finally, he added the 2013 would be the 100th anniversary of stainless steel, so the association planning a museum exhibition to coincide with this.
Members had earlier heard a presentation on a new UK maufacturing technology centre.