Aussie Debacle Signaling China Hard Landing as Iron Market Melt

Aussie Debacle Signaling China Hard Landing as Iron Market Melt

Carla Gottgens/Bloomberg

Fortescue Metals Group Ltd.'s property at Cloudbreak in the Pilbara region of Western Australia. Fortescue Metals Group Ltd., Australia’s third-biggest producer, cut its spending plans by 26 percent as iron-ore prices declined.