Shyam Metalics Stainless Steel Sales Jump 41% On Year In May

Shyam Metalics and Energy Ltd. reported a 41% rise in stainless steel sales to 6,999 tonnes in May, though volumes were slightly lower than April, according to an exchange filing Thursday. The average realisation from stainless steel stood at ₹137,296 per tonne, largely flat on year but up 1% sequentially.

The company’s aluminium foil sales rose 1% on year and 32% on month to 2,082 tonnes. Realisation from this category climbed 10% on year to ₹367,811 per tonne, though slipped marginally from April.

Sales of speciality alloys rose 21% on year to 19,869 tonnes but edged down 0.4% from April. Realisation from these alloys dropped nearly 13% on year and 3% on month to ₹85,423 per tonne.

Carbon steel volumes rose 9% on year and 4.7% sequentially to 142,784 tonnes. However, the average realisation declined to ₹45,080 per tonne, down almost 7% on year and 3% on month.

The company sold 92,097 tonnes of sponge iron in May, recording a 1% annual growth and 17% sequential jump. Realisation fell sharply by 13% on year and 6% on month to ₹24,195 per tonne.

Cold-rolled coil and sheet sales dropped 21% from April to 8,691 tonnes, though realisation improved 5.6% on month to ₹74,116 per tonne. Sales of hot-rolled tubes and pipes halved to 230 tonnes, but realisation rose over 2% to ₹49,845 per tonne.

Pig iron sales inched up 1.7% from April to 42,604 tonnes. Realisation dropped 6% to ₹33,231 per tonne.
Pellet sales surged 78% on year and 22% on month to 127,090 tonnes. Despite the volume