VanEck Steel ETF (SLX)
| Assets | $114.47M |
| Expense Ratio | 0.56% |
| PE Ratio | 15.16 |
| Shares Out | 1.48M |
| Dividend (ttm) | $2.08 |
| Dividend Yield | 2.58% |
| Ex-Dividend Date | Dec 23, 2024 |
| Payout Frequency | Annual |
| Payout Ratio | 39.32% |
| Volume | 29,363 |
| Open | 80.21 |
| Previous Close | 79.84 |
| Day's Range | 80.00 - 81.22 |
| 52-Week Low | 51.69 |
| 52-Week High | 81.16 |
| Beta | 1.34 |
| Holdings | 24 |
| Inception Date | Oct 10, 2006 |
About SLX
Fund Home PageThe VanEck Steel ETF (SLX) is an exchange-traded fund that is based on the NYSE Arca Steel index, a market-cap-weighted index of global steel firms. SLX was launched on Oct 10, 2006 and is issued by VanEck.
Top 10 Holdings
60.42% of assets| Name | Symbol | Weight |
|---|---|---|
| Rio Tinto Group | RIO | 10.86% |
| Vale S.A. | VALE | 8.35% |
| ArcelorMittal S.A. | MT | 5.42% |
| Carpenter Technology Corporation | CRS | 5.41% |
| Steel Dynamics, Inc. | STLD | 5.32% |
| Nucor Corporation | NUE | 5.31% |
| Cleveland-Cliffs Inc. | CLF | 5.04% |
| POSCO Holdings Inc. | PKX | 5.02% |
| ATI Inc. | ATI | 4.85% |
| Tenaris S.A. | TS | 4.84% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 23, 2024 | $2.0784 | Dec 24, 2024 |
| Dec 18, 2023 | $2.0667 | Dec 22, 2023 |
| Dec 19, 2022 | $2.8767 | Dec 23, 2022 |
| Dec 20, 2021 | $3.7609 | Dec 27, 2021 |
| Dec 21, 2020 | $0.8333 | Dec 28, 2020 |
| Dec 30, 2019 | $0.0723 | Jan 6, 2020 |
Performance
SLX had a total return of 20.59% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.68%.
News
Steel Stocks Slide. Blame Trump's TACO Tuesday.
Bloomberg reported Tuesday that a quota deal with Mexico would let some steel imports enter the U.S. tariff-free.
Trump's New Steel Tariffs Look Vulnerable to a Courtroom Challenge
Increase is piggybacking on seven-year-old findings. Are they too stale?
Trump's 50% tariffs on steel and aluminum are imminent. Here's what to know
U.S. President Donald Trump has promised to hike nearly all of his tariffs on foreign steel and aluminum to a punishing 50% on Wednesday, a move that would hammer businesses from automakers to home bu...
Trump Doubles Steel and Aluminum Tariffs
The president ratcheted up the rate on foreign metals to 50 percent, saying the former levies weren't high enough to help the U.S. industry.
Tariffs "Reinforce" U.S. Steelmakers at Risk of Higher Prices, Aluminum a Different Story
Donald Marleau says President Trump's increased tariffs on steel and aluminum will give more power to U.S. steelmakers but notes they will likely pass prices onto consumers. He points to historical st...
Trump Signs Order Doubling Steel, Aluminum Tariffs, Citing National Security
He initially announced the move last Friday while visiting a U.S. Steel factory in Pennsylvania.
Pres. Trump signs order raising tariffs on steel & aluminum imports to 50%
CNBC's Eamon Javers joins 'Closing Bell Overtime' with a tariff update from the White House lawn.
Trump signs order imposing 50% tariffs for steel, aluminum. Why economists are dismayed.
The White House said Tuesday that President Donald Trump has signed an executive order to double tariffs on imported steel and aluminum to 50% from 25%.
Higher steel tariffs allow U.S. producers to raise prices and that's terrific, says Jim Cramer
'Mad Money' host Jim Cramer talks about President Trump's move to increase tariffs on steel imports to 50%.
What Trump's 50% Tariffs Mean for the Steel Industry
President Donald Trump said he will double tariffs on aluminum and steel, sending futures for the metals surging higher. Steel Manufacturers Association Government Affairs Vice President Brandon Farri...
Steel stocks leap after Trump vows to double tariffs to 50%, make Pittsburgh ‘the Steel City again'
During a Pennsylvania rally on Friday, the president told steelworkers he would hike the tax on steel imports so Pittsburgh would be “respected around the world as the Steel City again.”
Trump increases steel tariffs from 25% to 50%
The U.S. imported more than $31 billion worth of steel in 2024. Transcript: While stocks are slumping overall, steel stocks got a big bump to begin the first trading day of June.
Trump says he will raise tariffs on steel to 50%, effective June 4
CNBC's Eamon Javers reports on news regarding steel tariffs.
Steel Stocks Soar on Doubled Tariff, BA Upgrade, Mixed Fintech Outlook
Several steel and aluminum companies like Cleveland-Cliffs Inc. (CLF) and Nucor (NUE) saw double-digit rallies after President Trump announced he will increase steel tariffs to 50%. Diane King Hall go...
President Trump says he will increase tariffs on steel to 50% from 25%
CNBC's Eamon Javers joins 'Squawk Box' to discuss the latest news.
Steel stocks surge after Trump doubles steel tariffs, Cleveland Cliffs jumps 25%
Trump announced at a Pennsylvania rally on Friday that he plans to double tariffs on steel imports to 50% from 25%.
Steel Stocks Soar After Trump's Bombshell Tariff Announcement.
President Trump said tariffs on imported steel would go to 50% from 25%. That has investors excited early Monday.
China's Metal Markets Are Stirring - Here's What It Means for Commodity Investors
China's metal markets are waking up post-Lunar New Year, and JPMorgan analyst Dominic O'Kane is tracking some eye-catching trends.
What Trump's Steel and Aluminum Tariffs Mean for the Metals Market
Bloomberg News Metals & Mining Reporter Joe Deaux joins Bloomberg Businessweek to discuss President Trump's plans to impose 25% tariffs on steel and aluminum imports. -------- More on Bloomberg Televi...
Wheels Up founder Kenny Dichter on his new venture, Real SLX
Kenny Dichter, Real SLX founder and chairman, joins 'Squawk Box' to discuss what Dichter is trying to do with Real SLX, what the club is, and much 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 b...
VanEck CEO on the reflation trade and how investors can navigate this uncertain environment
Jan Van Eck, VanEck Associates CEO, joins CNBC's Bob Pisani on 'ETF Edge' to discuss the reflation trade, how investors can position during this uncertain time, and assess VanEck's latest ETF products...
SLX: A China-Sensitive Play That's Been Rocketing Lately
VanEck Steel ETF is performing well and offers exposure to the global steel industry. China's influence on the steel market makes investing in steel mining stocks potentially lucrative. SLX has a conc...
3 Charts For Investors to Watch Tuesday: Enphase Energy, VF Corp., SLX ETF
Here's our daily look at three charts tied to recent news-driven price moves, with key technical levels to monitor.
SLX: Why I Am Not A Buyer
The VanEck Steel ETF is the closest thing to a pure-play steel ETF currently available. SLX carries a relatively high management fee for a passive fund. SLX holds a concentrated group of just 26 stock...
SLX: A Bullish Trend Since Early May
Steel is a critical building block for construction projects and various products, making it an important indicator of the global economy. U.S. and Chinese steel prices have declined, with Chinese pri...
How To Find The Best Sector ETFs 3Q23
With an ever-growing list of similar-sounding ETFs to choose from, finding the best is an increasingly difficult task.
SLX: Steel Stocks Surge Since Early June, Eyeing Further Upside
Cyclical stocks, including those in the energy, financials, industrials, and materials sectors, are gaining strength, with the VanEck Steel ETF ranking first out of 37 in its sub class by Seeking Alph...
Under The Radar Strength In Commodity And Emerging Market Stocks (Technical Analysis)
Emerging markets and commodities are showing strength amid a weak USD, which has a historical negative correlation with these sectors. Risk-on currencies like the Australian Dollar and Canadian Dollar...
Mycronic receives order for an SLX mask writer
STOCKHOLM , June 1, 2023 /PRNewswire/ -- Mycronic AB (publ) has received an order for an SLX mask writer from an existing customer in Asia. The order value is in the range of USD 4-6 million.
How To Find The Best Sector ETFs 2Q23
With an ever-growing list of similar-sounding ETFs to choose from, finding the best is an increasingly difficult task. My report shows the top-rated ETF for each sector.
SLX: Global Growth Enough To Support Steel Stocks
The March U.S. ISM Manufacturing number did no favors for the 'no recession' camp. Still, economically-sensitive stocks are holding their own, and I see many global steel equities in the SLX ETF as at...
How To Find The Best Sector ETFs 1Q23
With an ever-growing list of similar-sounding ETFs to choose from, finding the best is an increasingly difficult task. My report shows the top-rated ETF for each sector.
Mycronic receives order for two SLX mask writers
STOCKHOLM , Feb. 8, 2023 /PRNewswire/ -- Mycronic AB (publ) has received an order for two SLX mask writers from a new customer in Asia. The order value is in the range of USD 9-11 million.
SLX: Steel Tailwinds Galore
Drawing upon my previous analysis of China, India, US infrastructure, and the Russia- Ukraine war, I now form a bullish view of the SLX steel ETF. Supply tailwinds for the global steel industry includ...
SLX: Good Value In High Yield Steel Stocks Ready To Rally
SLX invests across a portfolio of steel producers and iron-ore miners. The fund has outperformed the broader market this year, despite more recent volatility and commodity pricing pressures.
Mycronic receives order for three SLX mask writers
STOCKHOLM , Sept. 9, 2022 /PRNewswire/ -- Mycronic AB (publ) has received an order for three SLX mask writers from an existing customer in Asia.
Steel Yourself For Inflation With VanEck Steel ETF
Commodity-related stocks have done a good job of hedging inflation.
Q4 2021 Sector Ratings For ETFs And Mutual Funds
Our sector ratings are based on the normalized aggregation of our stock ratings for every stock in each sector.