Shyam Metalics has released its consolidated sales performance for November 2024, showing a mixed trend across its product categories:
- Stainless Steel: Sales volume increased by 51% YoY but declined by 7% MoM. Realizations improved by 6% YoY but dropped 9% MoM.
- Carbon Steel: Sales volume rose 15% YoY but was nearly flat with a 0.06% MoM decline. Realizations fell 6% YoY and 2% MoM.
- Sponge Iron: Sales volume and realizations decreased by 6% YoY, with an 18% MoM volume decline and a 5% drop in realizations.
- Aluminum Foil: Sales saw a 30% YoY increase and a similar 30% MoM growth, with realizations up 10% YoY and 3% MoM.
- Specialty Alloys: Sales volume grew by 43% YoY but fell 8% MoM. Realizations dropped by 3% YoY and 6% MoM.
- Pellets: Sales volumes declined sharply by 48% YoY and 30% MoM, while realizations edged up 1% YoY and 5% MoM.
- CR Coil/CR Sheets: Sales volumes surged by 70% MoM, with realizations up 7% over the same period.
This data highlights varied performance across product lines, with some showing strong growth while others faced headwinds.
Shyam Metalics and Energy Limited (SMEL) is a prominent multi-metal conglomerate with expertise in carbon steel, stainless steel, specialty alloys, and aluminum foil, supported by captive power plants. As one of India’s largest integrated metal producers, SMEL specializes in long steel products and ferro alloys, ranking among the top producers of ferro alloys and sponge iron. With a diversified product mix spanning intermediates and final products across the steel value chain, the company has established a strong presence in the industry. Since its inception in 2005, SMEL has consistently delivered profitability, reflecting its robust operations and market leadership.
