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Tata Steel shares surge: Key factors explained
Tata Steel's stock just saw a solid 4% boost over the last three days, mainly because China is slashing its steel production.
With Chinese mills ordered to cut output by 30%, global steel prices are shifting—and that's good news for Tata Steel.
Tata Steel shares gain as global steel prices rise
Fewer Chinese exports mean less competition for Tata Steel, helping push its share price up.
India has also added a 12% duty on some Chinese steel imports to protect local players, and dropping coal prices could further lift Tata's profits.
Analysts say now might be a smart time to look at Tata Steel and similar stocks, with the market looking more upbeat lately.