Commodities rebound pans out nicely for stainless steel

Rising share prices, bigger profits and larger payouts restore lustre

Stainless steel is regaining its shine. After falling victim like many other basic industries to the global commodities downturn, companies that specialise in the rustproof metal are enjoying a change in their fortunes.

An upwards spiral in share prices, bigger profits and increased payouts to investors is helping to restore the lustre in this niche of the steel market. “It’s very clear we are now in a recovery process,” says Bernardo Velázquez Herreros, chief executive of Spanish group Acerinox. “We are optimistic for the future.”