Steel ETF (SLX) Touches a New 52-Week High
SLX hits a new 52-week high, climbing 77.6% from its low as demand for steel rises amid acceleration in global data center construction.
Downgrading The SLX ETF From Buy To Hold
The VanEck Steel ETF has sustained a bullish trend, nearing its 2008 all-time high, driven by rising steel prices and global supply-demand dynamics. SLX is rated a hold, as recent price strength increases correction risk, but long-term drivers—military demand, inflation, and potential Chinese recovery—remain supportive. Tariffs and trade protectionism have bolstered U.S. steelmakers, while elevated input costs and interest rates present ongoing challenges for steel demand.
Steel ETF (SLX) Hits New 52-Week High
SLX hits a 52-week high, up 57% from its low, boosted by regulatory relief and strong sector momentum.
SLX: A Steel Product Needing Greater Purity And Diversification
VanEck Steel ETF will soon switch benchmarks to the MVSLX Index. MVSLX lacks exposure to several emerging markets projected to drive significant steel sector growth over the next 1-2 years. MVSLX is heavily biased towards large market-cap companies and includes companies with significant non-steel business exposure.
Steel ETF (SLX) Hits New 52-Week High
For investors seeking momentum, VanEck Steel ETF SLX is probably on the radar. The fund just hit a 52-week high and is up 29.7% from its 52-week low of $57.31per share.
ETFs to Win/Lose as Trump Imposes 25% Tariffs on Steel and Aluminum
These sector ETFs may gain/lose as Trump imposes 25% tariffs on steel and aluminum.
High-end clientele want curated experiences at sporting events, says Real SLX founder Kenny Dichter
Kenny Dichter, Real SLX founder and chairman, joins CNBC's 'Closing Bell' to discuss how his company is curating high-end experiences for customers at sports events, the rise of women's sports, and more.
SLX: Thou Shalt Not Steel - For The Moment, At Least
SLX has been moving sideways over the past year, albeit with significant price swings in either direction. With supply still reasonably strong and demand softness persisting, steel futures appear to be testing new lows this year. Moreover, the political climate may not be conducive to interest rate cuts in the near future, which could further hamper steel demand.
