- Pig iron sales witness sharp growth
- Sponge iron sales drop over 10% y-o-y
Shyam Metalics and Energy Limited, one of the leading steel manufacturers in West Bengal, reported its consolidated sales volumes in a recent BSE filing for the financial year FY 2025-26.
Raw material segment
In the pig iron segment, sales volume witnessed a sharp increase of 596.56% to 660,237 tonnes (t) in FY’26, compared to 94,785 t in FY’25, driven by production ramp-up. Average realisations stood at INR 33,932/t in FY’26, marginally up by 0.37% from INR 33,808/t in FY’25. On a monthly basis, sales increased by 108.63% to 94,319 t in March compared to 45,209 t in February. However, realisations declined by 1.27% to INR 37,486/t in March 2026.
In contrast, sponge iron sales declined by 10.86% to 903,350 t in FY’26, compared to 1,013,407 t in FY’25. Average realisations stood at INR 23,695/t in FY’26, down by 6.50% from INR 35,343/t in FY’25. On a monthly basis, sales volume increased by 27.97% to 81,083 t in March compared to 63,361 t in February while realisations rose by 1.16% to INR 25,656/t.
Hence, in the raw material segment, pig iron recorded strong growth in both sales volume and realizations on a year-on-year basis due to production ramp-up, whereas sponge iron witnessed a decline in both average realizations and sales volume.
Carbon steel
The carbon steel segment (including billets and long steel products) demonstrated stable growth. Sales increased by 2.15% to 1,699,661 t in FY’26, compared to 1,663,910 t in FY’25. However, average realisations declined marginally by 3.27% to INR 43,043/t from INR 44,500/t in FY’25. On a monthly basis, sales rose by 8.25% to 155,938 t in March compared to 144,050 t in February while realisations increased by 2.01% to INR 46,719/t.
Overall, the carbon steel segment recorded a y-o-y increase in sales, while average realisations saw a slight decline.
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