India: Shyam Metalics' stainless steel sales decline y-o-y in Feb'26
Shyam Metalics and Energy reported a 3% y-o-y decline in stainless steel sales volumes to 8,286 t in Feb'26, compared with 8,552 t in Feb'25. On a monthly basis, sales also edged down 2% from 8,482 t in Jan'26. However, average realisations increased sharply by 18.81% y-o-y, reaching INR 153,537/t in Feb'26 versus INR 129,227/t a year earlier. For Q3 FY'26, the company's stainless steel sales volumes declined 11% q-o-q to 22,000 t.