Vale, the Brazilian mining giant, is getting ready to benefit from India's rapidly growing demand, which is predicted to double the nation's steel output by 2030.

Vale expects that sales to India and other Asian markets will offset the decline caused by stagnant steel demand in China. The company projects that Indian steel manufacturers will double their production capacity to 300 million metric tons within the next 5 to 7 years. It also believes that effectively blending its high-grade ore with India's low-quality ore can create synergies for both markets.

India is expected to import approximately 10 million tonnes of Vale's ore by 2025.