Steel boss says UK recovery remains 'distant prospect'

Recovery in the UK construction market for steel remained a “distant prospect” according to Tom Haughey, CEO at steel group Severfield-Rowen.

Real-time Share PriceHaughey said while demand for steel was relatively low it would continue to focus on industrial, infrastructure and commercial sectors.

In today’s AGM statement Haughey said the trading for the year to date was in line with expectations, He said he was optimistic aboud development prospects at its Indian JV.

The group today announced the appointment of Jonathan Rhodes as company secretary.