Severfield-Rowen FD buys

Severfield-Rowen's recently appointed finance director has made his first investment in the structural steel firm.

Alan Dunsmore joined Severfield-Rowen from Smiths Group in March. He has invested £22,400 in 10,000 shares.

Severfield-Rowen says that its order book was worth £241m at the end of April. New orders include structural steelwork for Heathrow's Terminal 2.

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The company is growing its market share in the UK but export business is hard to come by. Trading is in line with expectations but management expects 2010 to be a tough year.

Steel product prices are rising as raw material costs increase.

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