India’s Shyam Metalics and Energy Limited (SMEL) achieved stainless steel production of 8,102 mt in July 2025, a rise of 42.16 percent year on year, the company said in a statement on Thursday, August 8.
The company said that production of specialty alloys was recorded at 21,832 mt, a rise of 13 percent, while the average profit margin declined by 7.64 percent to INR 93,532/mt ($1,066/mt).
Carbon steel production showed a growth of 5.69 percent to 138,628 mt, for which the average profit margin also showed a fall, down by 5.71 percent to INR 41,797/mt ($477/mt)