Tata Steel, JSW Steel jump after positive China signals

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 (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.