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Steel Stocks Gain After Positive China Signals

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Steel stocks gained after positive manufacturing data in a private survey in China, the world's biggest consumer and producer of the metal.

Tata Steel gains 2.5 per cent, Steel Authority of India was up 2.5 per cent, while JSW Steel rose 1 per cent.

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.

(Reuters)


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economy news 5 china markets bse manufacturing steel stocks