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One of iron ore miner Vale’s big talking points is that economically developed South Korea uses around twice as much steel per GDP as China. However, India uses vastly less than even China. What Vale’s data points out is that China’s steel demand growth, which is exciting in its own right, has much less room to run than India’s. And the obvious demand for metallurgical coal mines in India shows just how notable an opportunity supplying the Indian steel industry is.

Read more at: http://www.fool.com/investing/general/2014/04/25/india-is-desperate-for-natural-resources.aspx