Changing with the Times

(Beijing)–Rising demand for iron ore globally and especially in China in recent years has helped build Anglo-Australian mining giant BHP Billiton Ltd. into the world's largest miner by revenue. But the market is changing as the world economy turns gloomy and steel demand declines, signaling a slowdown for iron ore suppliers. In an interview with Caixin, BHP chief executive Marius Kloppers said that "the very fast growth rate of steel and iron ore has passed."