what's going on, page-27

"the current tight supply of ore in India has been rushed to 160 U.S. dollars / ton, because of a valuable commodity, many of India can not guarantee the quality of ore, and even grade below 50% of the mine should sell 160 U.S. dollars / ton"

If the Indians are now selling "grade below 50%" for "160 U.S. dollars / ton" then TTY is getting rather a good price at present, since the price being negotiated is by the Noble Group, not TTY clowns. This should guarrantee that we're getting the best possible price, since the Noble Group realise this, maybe this is why they loaded up on more TTY shares.

"The author from the recent meeting held within the industry was informed in January 2010 to February period, Indias steel imports from China reached 510,000 tons, an increase of 351.57%. Imports last year, only 1.18 million tons, the first two months of this year, India imported steel from China imports close to half of last year.
From this figure we can see the proliferation of Indian domestic steel demand is growing rapidly.

no doubt will stimulate demand for domestic enterprises to invest in the Indian government and steel industry . Data show that Indias steel production is increasing year by year, from 2006 to 2009 Indias steel production was 42.78 million tons, 53.08 million tons, 55.05 million tons and 56.6 million tons.
With the increase of steel production in India, Indias iron ore production of the natural as the preferred raw material supply."