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Tata Steel, JSW Steel jump after positive China signals

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Reuters
Last Updated : Jun 03 2014 | 1:06 PM IST

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.

Tata Steel gains 4.1 percent, Steel Authority of India is 3.5 percent, while JSW Steel 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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First Published: Jun 03 2014 | 12:27 PM IST

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