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Shyam Metalics and Energy Posts Higher Stainless Steel Volumes, Realizations in May

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Shyam Metalics and Energy (NSE:SHYAMMETL, BOM:543299) reported 5.3% higher stainless steel volumes in May to 7,367 tonnes from 6,999 tonnes a year ago, according to a Friday filing with the Indian bourses.

Stainless steel realization jumped over 32% year on year to 181,356 Indian rupees per tonne from 137,296 rupees per tonne, the filing said.

Aluminium foil volumes fell nearly 25% to 1,570 tonnes, while realization grew nearly 35% to 495,275 rupees.

Pellet sales declined around 12% to 112,004 tonnes, though realization rose over 5%. Speciality alloys sales volume dropped nearly 19% to 16,201 tonnes, but realization increased about 27% to 108,050 rupees, the filing said.

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