2 No-Brainer Steel Stocks to Buy With $2,000 Right Now

United States Steel (NYSE: X) has a storied history, but it is a troubled company today. The problem is multifaceted, but a key issue is the way in which US Steel makes steel. That's the same issue that plagues Cleveland Cliffs (NYSE: CLF). It's also why industry downturns in the cyclical steel industry are usually the best time to buy stronger competitors like Nucor (NYSE: NUE) and Steel Dynamics (NASDAQ: STLD). Here's what you need to know if you have $2,000, or more, to invest today.U.S. Steel and Cleveland Cliffs both make primary steel, which is a very important thing for the world in general. They make heavy use of blast furnaces, which use metallurgical coal and iron ore to make steel. Blast furnaces tend to be very large and expensive to operate, so they have to be run at high utilization rates to turn a profit.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool