British Stainless Steel Association chairman Peter McDermott has said there are signs of recovery on the way.

He told members at the group’s annual forum in Sheffield, UK the association was seeing some signs of recovery, with prices increasing.

As an end user he said he wanted wanted to see high prices but he wanted prices to rise slowly without the ‘overheating’ of the past.

The association was seeking to improve its funds by increasing advertising on its on its website and by republishing its specification handbook, he said.

It was looking to grow its membership from 141 to 250 and will target Scotland where membership is 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 is planning a museum exhibition to celebrate this.