As Chinese Steel Futures Rise, Consider the 'SLX' ETF
“Iron ore price surged to 10-year high this week after Vale, Rio Tinto and BHP released disappointing output figures,” a Mining.com article said. SLX tries to reflect the performance of the NYSE Arca Steel Index, which follows global companies involved in the steel industry. While more than a third of SLX’s lineup is allocated to U.S. steel producers, the ETF has a heavy global tilt, including exposure to ex-U.S. developed markets and emerging markets steel companies. SLX investors get: One-Trade Access to the Steel Industry: An industry supporting global industrialization. A Pure Play ...