NEW YORK ( TheStreet) -- Joy Global ( JOYG) and Bucyrus International ( BUCY) are two mining equipment manufacturers that stand out in the current market environment. These companies enjoy global reach and robust order book growth across segments.Joy Global and Bucyrus are trading at attractive forward PEs of 12.80 and 12.58, respectively, lower than other bigger players within the space, namely Caterpillar ( CAT) and Deere & Co ( DE), which are trading at 18.60 and 13.06, respectively. Both companies expect global conditions to improve going forward, which sets the tone for its end-market. They are witnessing higher imports from emerging economies such as China and India. Although, demand from China has slowed lately, it is being offset by rising demand from the rest of the world. Moreover, areas such as steel are witnessing a lot of activity in China, India and the U.S. In the U.S., capacity utilization for steel production is almost double from a year ago. This factor is driving demand for metallurgical coal and iron ore. Coal markets are also benefiting from rising demand for metallurgical coal. Coal exports from the U.S. have traditionally been to Europe and Brazil, but more recently are being sold to India and China as well. Nevertheless, a high level of activity has been seen coming from the other two BRIC countries, Brazil and Russia. Joy Global has 12 buy, seven hold and no sell ratings, while Bucyrus has 13 buys, five hold and no sell ratings, according to TheStreet's analyst ratings guide.