Severfield PLC on Monday said trading had been strong in the second half of the 2023 financial year and it expects the full year results to be in line with previous expectations.

The Thirsk, England-based structural steel maker revealed a record UK and European order book at March 1 of £508 million of which £391 million is for delivery over the next 12 months.

The company said the order book remains well-diversified and contains a healthy mix of projects across key market sectors with 93% of the projects in the UK.

Severfield highlighted opportunities in battery plants, data centres, TV and film studios, commercial offices, stadia and leisure projects as well as a healthy pipeline in the nuclear sector.

In India, the joint venture has performed in line with expectations in the second half of the year with a strong order book of £146 million at March 1 2023.

‘We look to the future with confidence,’ the company said.

Shares in Severfield closed 1.1% lower at 61.20 pence each in London on Monday.

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