There’s no getting away from the fact that the fate of Severfield (SFR) is linked to the health (or otherwise) of the UK’s construction sector.
Tip style
Value
Risk rating
Medium
Timescale
Long Term
Bull points
- Demand outlook improving
- Promising growth in Europe
- Indian operations could boom
Bear points
- Progress is becoming priced in
- Uninspiring home market
- Expansion in India needs funding
Severfield is the biggest structural steel specialist in the UK. Last year, its revenue of £492mn was almost double that of the second-biggest player, privately-owned William Hare.