But the industry has fallen by the wayside, as investors turn their attention to new ventures. Fitting In The need for steel in today's electronic e-world and Internet businesses seems out of place. Investors don't appear to be too interested, according to recent share volume activity. Nonetheless, steel is still everywhere. Steel is in the Lexus, Audi and Chevy.
Steel is high tech and business oriented.
Kick a file cabinet. Write on a metal desk. Stainless steel is used for high Temperature cooking, medical instruments and implants. Plow a field with farm equipment. Some companies can't compete with offshore competition and are being gobbled up at low multiples.