US steel production falls by 2pc in October.

Steel production in the United States fell by 2 percent in October, according to the World Steel Association. The Brussels, Belgium-based industry group, which tracks steelmaking in 64 countries around the globe, reported that steel production internationally fell 2.8 percent to 151.5 million tons in October.

The United States, where about half the blast furnace capacity is concentrated on the Lake Michigan lakeshore in Northwest Indiana, ranked fourth worldwide with 7.4 million tons of steel produced in October, the most recent month for which data was...