Nov crude steel output increases 14%

China's crude steel output, the biggest in the world, gained 14 percent in November from a year earlier, aided by overseas demand and rising prices of flat products.

Output climbed to 57.47 million metric tons last month, the National Bureau of Statistics said on Tuesday.

Daily output was 1.92 million tons, beating October's 1.91 million tons, based on a monthly figure of 59.1 million tons, according to data compiled by Bloomberg.

China's steel-product exports climbed 12.7 percent in the first 11 months of 2012 due to improved demand from Southeast Asian and other countries, helping to ease a local glut.

China Daily - Agencies