BHP and Rio Tinto say growth opportunities for their businesses are shifting toward India and Southeast Asia as steel demand in China shows signs of stagnation, according to reports. Both mining groups point to rising expectations for new steel consumption in the region as a potential offset to weaker momentum in China. The companies frame the outlook around demand trends that support the continued need for iron ore and other key inputs used in steelmaking. While China remains an important market, the commentary highlights that future growth may rely more heavily on non-China demand centers, particularly where industrial activity and steel production are expected to expand. The reports describe these regional demand shifts as part of the companies’ broader growth considerations, with India and Southeast Asia identified as areas to watch for continued steel demand growth. No additional details on specific project plans or financial targets are included in the provided excerpts.