Monthly Update7 Mar 2024, 09:08 pm
Shyam Metalics and Energy Ltd reports 122.9% increase in Sponge Iron sales volume in February 2024
AI Summary
The company has reported an increase of 122.9% in sale volume of Sponge Iron on YoY basis, however the realizations were down by 18.5% on YoY basis. The company also reported an increase of 12.2% in the volume of Steel Billets on MoM basis, while realizations were down slightly by 3.3%. Long Steel including TMT, Wire Rods, Structurals have increased by 5.8% on YoY basis, while realizations have decreased slightly by 1.2%.,
Key Highlights
- Sponge Iron sales volume up by 122.9% YoY
- Steel Billets volume up by 18.4% MoM
- Long Steel volumes up by 5.8% YoY
- Realizations down by 18.5% YoY for Sponge Iron
- Realizations down slightly by 3.3% for Steel Billets
- Realizations down by 1.2% for Long Steel