Severfield optimistic over covid-19 recovery

By Jonathan Owen2020-09-03T10:33:00

Contractor admits its order book has shrunk in recent months

Britain’s biggest steelwork contractor, Severfield, is “cautiously optimistic” for the future despite a shrinking order book, in a trading update issued ahead of its annual general meeting taking place today.

The firm’s UK and Europe order book has dropped from £271m in June this year to £270m this month, and its pipeline of work in India has decreased from £110m to £94m over this time.

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