This paper gives an up-to-date review of the state of the European P/M
industry in the light of the political and economic situation in Euro
pe. The effect on the P/M industry of the transition of the East Europ
ean countries from a planned to market economy is discussed and the im
plications of the introduction of the Single Market in the European Co
mmunity are commented upon. The bulk of the paper describes recent tec
hnical trends in the fields of cemented carbides, semi-finished P/M pr
oducts, refractory metals and P/M structural components. The author co
ncludes that, despite the present recession, optimism prevails in the
European P/M industry.