Structural steel group Severfield Rowen said that trading in the year to date had been in line with management expectations, boosted by impressive order books in both the UK and India.

Severfield Rowen said that it had agreed new banking facilities with Royal Bank of Scotland and Yorkshire Bank, which include a GBP 50 million revolving credit facility for five years.

This is an increase on the GBP 40 million, three year facility which was scheduled to expire in March 2013.

(Sourced from www.thebusinessdesk.com)