SLX: Good Value In High Yield Steel Stocks Ready To Rally

Oct. 25, 2022 9:22 PM ETVanEck Vectors Steel ETF (SLX)


  • 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.
  • The fund is likely to distribute an annual dividend in December representing a compelling income opportunity.
  • We are bullish on SLX which offers good value and is ready to rally higher.
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Metal worker using a grinder

Phynart Studio

The VanEck Vectors Steel ETF (NYSEARCA:SLX) provides targeted exposure to companies involved in steel production and iron ore mining. As a critical industrial alloy, the steel industry is a good representative of shifting economic conditions. Indeed, steel prices surged at the start of

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This article was written by

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Outside-the-box trade ideas through a powerful multi-sector strategy.

BOOX Research is now Dan Victor, CFA

15 years of professional experience in capital markets and investment management at major financial institutions.

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Disclosure: I/we have a beneficial long position in the shares of VALE either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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