The on-going recovery of the stainless steel industry to pre-crisis levels is expected to peak between 2012 and 2013 according to a report released recently.

Pascal Payet-Gaspard, who is the secretary general of the International Stainless Steel Forum (ISSF), told delegates at the ISSF annual conference in Madrid that the recovery was projected to be complete in around two years time after a crash in the market caused by the recession.

This is supported by recent figures which suggest demand for the material is beginning to increase again. For example, Russia’s stainless steel demand for 2010 was actually above pre-crisis levels and it is hoped that the rest of the world will follow suit and allow for the pre-crisis levels to be reattained.