While the stock price has doubled over the past year (it will split 2-for-1 in late May), Longbow Research's David S. MacGregor likes that the company is active in the growing South and that it operates both a recycling business and a global distribution operation that can offset downturns in domestic steel demand.
New York City, electric power is transmitted by high voltage cables encased in steel pipelines to electric substations where the power is converted to low voltage feeders supplying about 55 distribution networks.