Steel ETFs Could Be Facing a Meltdown

MarketsETF Trends

This article was originally published on ETFTrends.com.

Steel-related ETFs have rebounded along with the broader markets, but a potential supply glut could upend the recovery. Year-to-date, the VanEck Vectors Steel ETF (NYSEArca: SLX), the lone steel sector-specific ETF, increased 15.9% and the SPDR Metals & Mining ETF (NYSEArca: XME), which is designed to track the broad metals and mining segment, including a [...]

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