Reason steel is cool:
1. It is easier to find custom fitted frames in steel.
2. Thin tubes look nice.
3. You could fix a dented/broken steel frame although probably less than 1 percent of 1 percent of frames ever get fixed (just a guess).
5. Thin walled alu frames dent too easy (so does thin steel though).
6. Carbon frames will explode and you will die.
7. Ti is too expensive (so is nice steel).
8. You get to fit in with the ssfg forum boys.
9. Steel is real.
10. You didn't realize I skipped number 4.