India turns net exporter of finished steel in October, govt data shows

India turned a net exporter of finished steel in October, with shipments reaching 0.6 million metric tons, up 44.7% from a year earlier, provisional government data reviewed by Reuters showed on Monday.

India, the world's second-biggest crude steel producer, imported 0.5 million metric tons in October, down 55.6% from a year earlier, the data showed.

New Delhi produced 13.4 million metric tons of finished steel in October, up 10% from a year earlier, while consumption was 13.6 million metric tons, up 4.7%.

India's crude steel production in October stood at 14.02 million metric tons, up 9.4% from a year earlier, according to the data.