SINGAPORE — Australia's iron ore miners emphasised on Tuesday how growing steel demand in India and Southeast Asia would help offset the stagnating market in top customer China, where they also face pressure from the state-owned buyer to lower prices and offer better terms.

India and ASEAN's steel demand will counterbalance China's slowdown, says Rio Tinto's Bold Baatar at Singapore conference.

Global mining giants BHP and Rio Tinto are focusing on India for future steel demand. India's rapid urbanisation and infrastructure projects are driving growth. This expansion is…