Severfield builds order books

British Steel

British Steel has run into trading problems but structural steel suppliers Billington (LON: BILN) and Severfield (LON: SFR) continue to recover.

In recent weeks, Billington has won two contracts worth £30m. The first is for a town centre redevelopment scheme and the second is for a large distribution warehouse in the North East. These will generate revenues in 2019 and 2020.

Severfield is the larger of the two companies. It has been involved with the construction of the retractable roof for Wimbledon No.1 Court, the new Tottenham Hotspur FC stadium and the new Google HQ.

Severfield ...

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Andrew Hore is the publisher of AIM Journal, which is an online monthly publication covering the Alternative Investment Market.