SLX: Finally Back To 2008 Highs, But Steel Stocks Are Just Getting Started

VanEck Steel ETF aligns with a bullish global reflation cycle and earns a reiterated buy rating. SLX offers attractive valuation at 13.3x P/E, 12.4% long-term earnings growth, and strong technical momentum. Top holdings like RIO and BHP drive performance; over 70% international allocation provides currency diversification.

Seeking Alpha • May 13, 2026

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.

Seeking Alpha • May 13, 2026

The Trump administration is preparing to reshape its steel and aluminum tariff regime

Altered rates on finished products made with the metals would simplify compliance, but could effectively raise costs for many imports.

WSJ • Apr 1, 2026

VanEck Announces Year-End Distributions for VanEck Equity ETFs

NEW YORK--(BUSINESS WIRE)--VanEck announced today the 2025 annual distributions per share for its VanEck equity exchange-traded funds.

Business Wire • Dec 20, 2025

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.

Zacks Investment Research • Nov 28, 2025

Washington Just Handed Steelmakers a Huge Win: ETFs to Gain

Trump's move easing EPA rules boosts the steel supply chain, setting ETFs like XME up for firmer pricing power and steadier volumes.

Zacks Investment Research • Nov 27, 2025

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.

Seeking Alpha • Nov 18, 2025

35 ETFs to Watch After the S&P 500's Most Recent Surge

Over the last 100 trading days, or roughly five months, the S&P 500 Index (SPX) has surged more than 25%.

Schaeffers Research • Sep 4, 2025

Sector ETFs to Lose/Win From Oil Price Rebound

Oil rebounded on strong demand signals and easing trade tensions, boosting XOP and SLX while pressuring XRT, CRAK, JETS, and GDX.

Zacks Investment Research • Jul 17, 2025

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.

Barrons • Jun 11, 2025