Severfield-Rowen being squeezed by the competition

Steel firm Severfield-Rowen is struggling against weakening demand from the construction sector and pricing pressure as competitors fight for market share.

Steel firm Severfield-Rowen is struggling against weakening demand from the construction sector and pricing pressure as competitors fight for market share.

Underlying profits before tax in the six months to the end of June were £1.5m, against £3.4m in the same period of 2011, despite revenues growing from £122m to £135.9m.

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