VanEck Steel ETF (SLX)
| Assets | $76.97M |
| Expense Ratio | 0.56% |
| PE Ratio | 13.43 |
| Shares Out | 1.10M |
| Dividend (ttm) | $2.08 |
| Dividend Yield | 3.01% |
| Ex-Dividend Date | Dec 23, 2024 |
| Payout Frequency | Annual |
| Payout Ratio | 39.77% |
| Volume | 43,563 |
| Open | 69.43 |
| Previous Close | 70.19 |
| Day's Range | 68.86 - 69.69 |
| 52-Week Low | 51.69 |
| 52-Week High | 74.33 |
| Beta | 1.30 |
| Holdings | 25 |
| 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
59.59% of assets| Name | Symbol | Weight |
|---|---|---|
| Rio Tinto Group | RIO | 10.15% |
| Vale S.A. | VALE | 8.30% |
| Nucor Corporation | NUE | 5.69% |
| POSCO Holdings Inc. | PKX | 5.52% |
| Worthington Steel, Inc. | WS | 5.40% |
| Cleveland-Cliffs Inc. | CLF | 5.02% |
| ArcelorMittal S.A. | MT | 4.98% |
| Reliance, Inc. | RS | 4.95% |
| Tenaris S.A. | TS | 4.90% |
| Steel Dynamics, Inc. | STLD | 4.67% |
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 6.22% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.77%.
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.