About VanEck Vectors Steel ETF (SLX)

The VanEck Vectors Steel ETF (SLX) is an exchange-traded fund that seeks to replicate the performance of the NYSE Arca Steel Index. This index is composed of companies involved in the production of steel and related products, including steel alloys and iron ore mining. SLX provides investors with exposure to the global steel industry, which is a crucial component of infrastructure development and economic growth.

The price history of SLX reflects the cyclical nature of the steel industry. It has experienced periods of both growth and decline, influenced by factors such as global demand, raw material prices, and trade policies. Investors can track the performance of SLX through its market price, which is determined by the supply and demand dynamics of the underlying steel companies.