The steel industry is part of the basic materials sector and consists of companies involved in steel production, mining, and related activities. Although steel has historically been a major industry, the number of steel mills that produce the metal has declined sharply in the past several decades due to foreign competition.

Nowadays, there are very strong top stocks in steel industry field and These are the steel stocks with the lowest 12-month trailing price-to-earnings (P/E) ratio. Because profits can be returned to shareholders in the form of dividends and buybacks, a low P/E ratio shows you’re paying less for each dollar of profit generated.

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