Shares of the world's fourth-largest iron ore miner have fallen nearly 25% so far this year.

Last week, Vale and BHP presented Brazilian authorities with a new offer to settle reparations.

It's a case of one step forward, two steps back for China's steel and iron ore sectors.

Mexico's steel chamber said the work stoppage had a ripple effect throughout the region, as well as on supply chains in Mexico and the US.

"The structural trends suggest that the market is going to see more subdued performance rather than substantial recovery," analyst says.

“The plateau means they’re going to shift from real estate to manufacturing,” Bartolomeo said during a conference.

The latest proposal from Vale and BHP totals 140 billion reais ($26.08 billion).

The investment will spread over the next five years to fund the expansion of its iron ore operations.