Shyam Metalics June Stainless Steel Sales Drop On Year; Carbon Steel Sales Up

Shyam Metalics and Energy Ltd. on Saturday said its stainless steel sales fell 19% on year and month in June to 5,665 tonnes, though average realisation rose 3% to ₹143,394 per tonne. For April–June, stainless steel volumes were down 18% on year at 19,813 tonnes, while realisations grew 8% to ₹138,516 per tonne.

Sales of aluminium foil surged 52% on year to 1,783 tonnes in June, but slipped 14% on month. Realisation for the segment rose 9% on year to ₹361,335 per tonne. For the quarter, sales dipped 3% on year to 5,440 tonnes, while realisations rose 4% to ₹365,945.

Speciality alloy sales rose 10% on year to 16,762 tonnes in June, though they declined 16% from May. Realisation fell 10% on year to ₹90,202 per tonne but rose 6% sequentially. In the quarter, alloy sales rose 8% on year to 56,576 tonnes with a 4% drop in realisation to ₹87,715.

Carbon steel sales rose 6% on year in June to 127,615 tonnes but declined 11% on month. Average realisation dropped 10% on year to ₹43,098. For the June quarter, carbon steel sales fell 9% on year to 406,771 tonnes, with average realisation up 2% to ₹44,856.