Breaking News

Gadchiroli pitched as Maharashtra’s future green steel hub India set to drive next global steel demand wave Italy crude steel output rises 3.1% in May Green steel progress remains slow worldwide

Shyam Metalics Gains After Strong March Stainless Steel Sales

816366_1775540484_small.jpg
Business 07 Apr 2026 11:11 AM IST Business Standard

 Shyam Metalics & Energy drew market attention after reporting a sharp rise in stainless steel sales in March 2026. The company’s stainless steel sales volume climbed 58.91% year on year to 10,519 MT, while average realisation rose 19.01% to Rs 1,52,633 per MT. The update helped lift the stock 4.65% to Rs 831.25 in early trade. Beyond stainless steel, CR coil and sheet sales also posted strong growth, while aluminium foil, speciality alloys, carbon steel and pellets recorded higher volumes and better realizations. The March business update points to healthy demand across key segments and strengthens the company’s growth narrative in the metals space.