STEELXIND

What Steel Exchange India promised, and what happened

Every commitment management made on a call, tracked from the quarter it was made — reaffirmed, revised, diluted or quietly dropped.

Guidance record · Q4 FY26

what the last two calls moved 14 tracked 2 delivered 6 missed 6 open
  • EBITDA per ton delivered said Q1 FY26 Promised: ₹7,500 Q4 FY26: Q4 EBITDA was ₹50.1 crores on 49,760 tons of rebar sales, resulting in a calculated EBITDA per ton of ₹10,068, exceeding the ₹7,500 target.
  • Re-Bar mill utilization missed said Q1 FY26 Promised: 85-90% after December 2025 Q4 FY26: The deadline of 'after December 2025' has passed. New guidance for FY27 is 70-75% utilization, which is below the original 85-90% target. The RINL contract was not mentioned as a driver.
  • Rebar Mill Capacity Utilization open said Q4 FY26 Promised: 70-75% Q4 FY26: With capital repairs and ability to source external billets, management expects utilization to reach 70-75% in FY27.

The rest of the ledger

Above is what the last two calls moved. Pro opens all 14 tracked commitments for Steel Exchange India — every quarter's revision, the source quote behind each one, and the topics management has stopped answering.

See what Pro opens