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Tata Steel, JSW Steel jump after positive China signals
June 3, 2014 / 4:57 AM / 3 years ago

Tata Steel, JSW Steel jump after positive China signals

Reuters Market Eye - Steel stocks gain after positive manufacturing data in a private survey in China, the world’s biggest consumer and producer of the metal.

Sparks fly as an employee gives finishing touches to a rail at the Tata Steel rails factory in Hayange, Eastern France, September 25, 2013. REUTERS/Vincent Kessler/Files

Tata Steel (TISC.NS) gains 4.1 percent, Steel Authority of India (SAIL.NS) is 3.5 percent, while JSW Steel (JSTL.NS) rises 4.2 percent.

China’s factory sector turned in its best performance in four months in May as export orders improved although activity still contracted, a private survey showed on Tuesday, adding to signs the economy may be stabilising.

Reporting by Abhishek Vishnoi

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