DCSIMG

Sponsored by Ford and Warren
Stainless steel sector fighting back


Published on Thursday 22 April 2010 12:34

THE stainless steel industry is seeing a strong recovery this year, the British Stainless Steel Association's annual forum in Sheffield will be told today.

The event at Cutlers' Hall will hear latest industry statistics on demand for stainless steel and its raw materials from German firm Heinz Pariser Alloy Metals and Steel Market Research.

Director Gerhard Pariser told the Yorkshire Post: "In 2008 and 2009 our mature markets like the US, Europe and Japan were really hit hard by the crisis.

"As a consequence, stainless steel demand dropped very sharply, with declines of more than 20 per cent year on year.

"We expecting this year to have a very strong recovery but not necessarily to levels we are used to. What we are seeing is a very positive first quarter in Europe and the US and a very good positive outlook for orders in the second quarter."

Mr Pariser said some producers were unsure about how the second half of the year might pan out, as the upturn in activity in the first two quarters was in part due to restocking. Nigel Ward, director of the BSSA, said: "Everyone expects 2010 to be better but how much better is clearly still uncertain. Long term, we think the future for stainless steel is pretty good. How quickly the UK and other markets pick up is open for debate."

Around one quarter of the BSSA's 140 members are based in Yorkshire.


loading...
Find It

"Business owner? - Claim your business and Advertise with us"

In association with qype logo

Looking for...

Featured advertisers

Jobs

Search for a job

Motors

Search for a car

Property

Search for a house

Weather for Yorkshire

Friday 25 May 2012

5 day forecast

Today

Sunny

Sunny

Temperature: 10 C to 23 C

Wind Speed: 20 mph

Wind direction: East

Tomorrow

Sunny

Sunny

Temperature: 8 C to 20 C

Wind Speed: 16 mph

Wind direction: East

Press Complaints Commission

This website and its associated newspaper adheres to the Press Complaints Commission’s Code of Practice. If you have a complaint about editorial content which relates to inaccuracy or intrusion, then contact the Editor by clicking here.

If you remain dissatisfied with the response provided then you can contact the PCC by clicking here.

Yorkshire Post provides news, events and sport features from the Yorkshire area. For the best up to date information relating to Yorkshire and the surrounding areas visit us at Yorkshire Post regularly or bookmark this page.