When you're looking at a troubled industry, it's best to stick with the best.
The steel industry has been hard hit by an oversupply of the metal. That's left industry giants like ArcelorMittal SA (NYSE:MT) reeling and sent the shares of iconic companies like United States Steel (NYSE:X) into a tailspin. Some recent strength in the industry has lifted the prospects, and the share prices, of these companies. But I still wouldn't buy these dividend payers. Nucor (NYSE:NUE) is a much better option.
Let me explain…
Source: The Motley Fool