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flag UK steel firm Severfield's shares plunge 48% after profit warning due to project issues.

flag Severfield, a UK-based steel construction firm, saw its shares drop over 48% after issuing a profit warning due to project delays and cancellations. flag The company now expects its full-year profit to be between £18m and £20m, down from earlier forecasts. flag Despite securing future projects for 2027, current market conditions and pricing pressures are challenging, leading Severfield to cancel its share buyback program and focus on cost reductions.

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