Structures specialist forecasts a “very tough” 2011 with demand at relatively low levels

Structures specialist Severfield-Rowen has reported its order book is holding up but warned a broad recovery for the UK economy “remains distant”.

The company said its order book had held up at £221m as of March, marginally down from £226m the previous year.

But the firm said prices had marginally improved compared to 2009, in a trading statement to the City this morning.

The firm added: “The company’s present view of the UK market is unchanged, in that demand remains at relatively low levels with little prospect of improvement in 2011.

“Severfield-Rowen is maintaining its strong domestic market position and will continue its efforts to optimise UK performance in a very tough market.

“The company’s experience and abilities are now being successfully focussed into international markets where opportunity remains strong.”