(SLX) Steel - NYSE
ETF Category: Natural Resources | Exchange: NYSE (USA) | Market Cap: 235m USD | Total Return: 52.2% in 12m
Avg Turnover: 7.31M
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality
The VanEck Steel ETF (SLX) is a non-diversified exchange-traded fund that tracks a modified market-capitalization weighted, float-adjusted index of publicly traded companies in the global steel value chain. This includes firms involved in iron ore mining and processing, steel production, fabrication, recycling, and related services. The fund invests at least 80% of its total assets in securities that comprise its benchmark index, providing targeted exposure to the steel sector.
The steel industry is a cyclical, capital-intensive sector closely tied to global construction, infrastructure, and manufacturing demand. Steel producers typically operate large-scale, integrated facilities with high fixed costs, and their profitability is heavily influenced by raw material prices (particularly iron ore and coking coal) and global trade dynamics.
- Chinese steel exports pressure global pricing and producer margins
- Iron ore and scrap cost volatility compresses steelmaker profit margins
- Section 232 tariffs and infrastructure spending lift domestic steel demand
As of June 29, 2026, the stock is trading at USD 99.14 with a total of 33,207 shares traded. Over the past week, the price has changed by -5.89%, over one month by -9.86%, over three months by +11.91% and over the past year by +52.17%.
Current recommended Stop Loss: 96.30 (which is 2.9% or 1.2 ATR below the current price).
Steel has no consensus analysts rating.