Andrew Forrest, chairman of Fortescue Metals Group, speaks during a media conference in Sydney, Australia, July 28, 2015. Australia's fastest growing iron ore miner Fortescue Metals Group has put the ... more 
Andrew Forrest, chairman of Fortescue Metals Group, speaks during a media conference in Sydney, Australia, July 28, 2015. Australia's fastest growing iron ore miner Fortescue Metals Group has put the brakes on further expansions, saying steel production in China has peaked. The world's fourth-biggest iron ore miner, which has criticised larger rivals for ramping up output despite soft demand and slumping prices, reported shipments of 165.4 million tonnes in fiscal 2014/15, up 33 percent on a year earlier. REUTERS/David Gray less 
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Reuters | Photo By DAVID GRAY / REUTERS
Tue, Jul 28, 2015 3:03 AM EDT