We are enclosing the consolidated sales release for the month of April, 2026
SHYAMMETL · price
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Shyam Metalics and Energy reported mixed monthly sales performance for April 2026. Pig Iron saw exceptional growth with volumes up 122.86% YoY due to the Jamuria blast furnace plant operating at full capacity since November 2024. CR Coil/sheets volumes surged 41.35% YoY and stainless steel realisations rose 25.30% YoY. However, several key segments saw volume declines: Sponge Iron volumes dropped 29.33% YoY, HR Tube/Pipe fell 26.71% YoY, and Carbon Steel volumes declined 12.88% YoY. Month-on-month, most segments showed volume declines including stainless steel (-24.63%), carbon steel (-23.81%), and sponge iron (-31.38%), suggesting demand softness in the broader steel market. Overall realisations improved across most segments due to better pricing, partially offsetting volume declines.
The mixed performance with significant YoY growth in pig iron and CR coils but broad MoM volume declines suggests uneven demand conditions. Investors should monitor whether the volume weakness in carbon steel and sponge iron persists or is seasonal.