Steel Strip Wheels Spin Slower: June Sales Dip as Rare Earths Go Rare-er

Steel Strips Wheels Ltd (SSWL), one of the main wheel makers for vehicles, posted a 2% year-over-year reduction in net sales in June 2025, attributing supply restrictions in rare earth metals as a primary consideration to drive production—most significantly in the passenger car (PV) and other alloy-intensive segments.

 

SnapShot Key Financial – June 2025

What's Driving the Supply Shortage?

Company Outlook

While lower in the near term, SSWL is hopeful volumes will recover in H2 FY26, based on:

Sources: Metal News, Business Standard, Marketshost, Quest Metals, Rare Earth Exchanges