Steel stocks gain 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 gains 2.5 percent, Steel Authority of India is up 2.5 percent, while JSW Steel rises 1 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.

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