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The North American PM industry is continuing to recover from the deepest collapse of the US economy since the Great Depression, reported Richard Pfingstler, MPIF President. The more recent “Great Recession” saw iron powder shipments, the statistic most indicative of the PM industry’s health, collapse by 19% in 2008 followed by an even more disastrous reduction of 25% to 212,327 st (192,619 mt) in 2009, the lowest level in 18 years.