While most businesses aspire to be on a constant swing that tilts upwards giving them greater profits anyone in the binary options world worth listening to will tell you gladly that there is often more money to be made investing on companies on the decline, or at the very least – a similar amount of money, simply put, companies on a downward trend tend to be more volatile, being more volatile often equates to having greater movements on stock prices, and having greater movement on stock prices is where a shrewd binary options trader can make their living.

With that in mind, you might consider an investment in US Steel binary options, as the company is still very profitable but has been in a long and quite steady decline in recent years making it prime for some great opportunities.

Established in 1901 US Steel was the result of a union of two extremely large steel manufacturers, the company expanded further by buying out its biggest rival at the time – the Tennessee coal, iron & Railroad Company in 1907 essentially creating what equated to a monopoly over the entire US steel market, the federal government made a few attempts to break up US Steel as a result of that monopoly but was not successful in doing so, during those heydays of the company it was responsible for the production and supply if nearly 67% of all steel within the US, an amount that would decline over the years down to its current level of roughly 8%.

Despite its declining market share, US Steel continued to produce a great amount of steel and employ a great number of people; both its production and employment figures peaked during World War 2 or shortly after, peak employment was over 340,000 people and production peaked in 1953 with over 35 million tons.

US steel has built its business model around advancement through purchasing of competition instead of efficiency and growth or development of production methods, often being slow to react to innovations within the market, which many consider to be the reason it has been in such a slow and steady decline for decades now.

While the company was still as large as it was at its peak that business model was still at least somewhat viable, but by the time the 1980’s rolled around it appeared that the only people that still thought of US Steel as the giant it once was were the people running US Steel.

The US government blocked it acquisition of rival “National Steel” in 1984, and unions, backed by congress, managed to block plans for the import of British steel in some quantities, but the perhaps the biggest dent to US Steel’s prices came as a result of the union workers strike in 1986, a strike that began on august 1st 1986 and only ended on February 1st of 1987.

Perhaps the final insult added to US Steel’s many injuries came in July 2014, when its declining market share and capital led to its removal from the S&P 500 financial index.

As we said early on, it is the very decline of US steel that makes it a very suitable option to consider as your next binary options investment, after all, the only thing set in iron are the profits you’re after!