India: Shyam Metalics and Energy posts 51% y-o-y growth in stainless steel sales in Nov’24

Shyam Metalics and Energy’s stainless steel sales touched 6,064 t in Nov’24, surging 51% from 4,025 t in Nov’23. Additionally, average realisations rose 6% y-o-y to INR 124,592/t. However, on a m-o-m basis, sales volumes dropped by 7% and realisations declined by 9%. The company’s stainless steel capacity is 0.3 MTPA. Meanwhile, sales of aluminium foil climbed up by 30% y-o-y, with realisations increasing by 10% y-o-y.