Check Out The May 2024 Sales Volume of Shyam Metallics

On June 10, 2024, Shyam Metallics & Energy Ltd, a leading integrated metal-producing company based in India focused on long steel products and ferroalloys, released sales data for May 2024. Realisations on sales of stainless steel climbed by 34.07% compared to the previous year, while volumes increased by 82.57% year on year. Stainless Steel volumes decreased by 28.12% on a monthly basis, but realisations improved by 8.27%.

Aluminium foil sales decreased by 2.74% compared to the previous year, while quantities climbed by 57.79% year on year. On a monthly basis, volumes climbed by 53.81%, while realisations increased by 8.12%.

Speciality Alloy volumes declined by 12.57% year on year, while realisations decreased by 0.79%. On a month-over-month basis, Speciality Alloys realisations grew by 4.78% and volumes by 8.71%.

Carbon Steel sales increased by 27.28% year on year, but realisations decreased by 6.47%. Volumes increased by 7.11% month over month, while realisations increased by 2.19%.

Pellet sales volumes decreased by 41.30% year on year, but realisations improved marginally by 0.28%. The sale of pellets increased by 40.88% on a monthly basis, while realisations increased by 1.61%.

About Shyam Metalics And Energy Limited (SMEL)

Shyam Metalics and Energy Limited (SMEL), a leading multi-metal conglomerate with footprints in carbon steel, stainless steel, speciality alloys and aluminium foil, along with captive power plants.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.