India: Shyam Metalics posts over 40% y-o-y rise in stainless steel sales in May’25

Shyam Metalics recorded stainless steel sales of 6,999 t in May’25, up 41% y-o-y. However, average realisation dipped 0.2% y-o-y to INR 137,296/t. Aluminium foil sales rose marginally by 1% to 2,082 t, with realisations growing 10% y-o-y to INR 367,811/t. On a monthly basis, stainless steel sales dipped 2%, while aluminium foil sales grew 32%, showing mixed momentum across product lines.