Zacks may license the Zacks Mutual Fund rating provided herein to third parties, including but not limited to the issuer. The fund normally invests at least 80% of its total assets in common stocks and depositary receipts of companies involved in the steel sector. Such companies may include small- and medium-capitalization companies and foreign and emerging market issuers. It may concentrate its investments in a particular industry or group of industries to the extent that the Steel Index concentrates in an industry https://p1nup.in/ or group of industries. Trump announced at a Pennsylvania rally on Friday that he plans to double tariffs on steel imports to 50% from 25%.
VanEck Steel ETF: (SLX)
NEW YORK–(BUSINESS WIRE)–VanEck has announced the 2024 annual distributions per share for its VanEck equity exchange-traded funds (ETFs). President Trump said tariffs on imported steel would go to 50% from 25%. The president ratcheted up the rate on foreign metals to 50 percent, saying the former levies weren’t high enough to help the U.S. industry.
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- China’s influence on the steel market makes investing in steel mining stocks potentially lucrative.
(Real Time Quote from BATS) As of Oct 20, 2025 02:28 PM ET
CNBC’s Eamon Javers joins ‘Squawk Box’ to discuss the latest news. CNBC’s Eamon Javers joins ‘Closing Bell Overtime’ with a tariff update from the White House lawn.
Performance Overview: SLX
Since the fund’s inception, the average annual return has been 6.37%. The VanEck Steel ETF (SLX) is an exchange-traded fund that is based on the NYSE Arca Steel index, a market-cap-weighted index of global steel firms. SLX was launched on Oct 10, 2006 and is issued by VanEck. The NYSE Arca Steel Index tracks the overall performance of companies involved in the steel sector.
Fund Summary for SLX
Several steel and aluminum companies like Cleveland-Cliffs Inc. (CLF) and Nucor (NUE) saw double-digit rallies after President Trump announced he will increase steel tariffs to 50%. Donald Marleau says President Trump’s increased tariffs on steel and aluminum will give more power to U.S. steelmakers but notes they will likely pass prices onto consumers. VanEck Steel ETF is performing well and offers exposure to the global steel industry. China’s influence on the steel market makes investing in steel mining stocks potentially lucrative. ‘Mad Money’ host Jim Cramer talks about President Trump’s move to increase tariffs on steel imports to 50%.
Raising target price to $37.00
At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +23.81% per year.
Zacks proprietary quantitative models divide each set of ETFs following a similar investment strategy (style box/industry/asset class) into three risk categories- High, Medium, and Low. The White House said Tuesday that President Donald Trump has signed an executive order to double tariffs on imported steel and aluminum to 50% from 25%. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. SLX had a total return of 14.65% in the past year, including dividends.
News
- These returns cover a period from January 1, 1988 through September 1, 2025.
- Zacks may license the Zacks Mutual Fund rating provided herein to third parties, including but not limited to the issuer.
- Trump announced at a Pennsylvania rally on Friday that he plans to double tariffs on steel imports to 50% from 25%.
- President Trump said tariffs on imported steel would go to 50% from 25%.
Bloomberg reported Tuesday that a quota deal with Mexico would let some steel imports enter the U.S. tariff-free. The VanEck Steel ETF replicates as closely as possible, before fees and expenses, the price and yield performance of the NYSE Arca Steel Index. In addition, whether you “Accept All,” Deny Optional,” click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time. Here’s our daily look at three charts tied to recent news-driven price moves, with key technical levels to monitor. SLX has been moving sideways over the past year, albeit with significant price swings in either direction. With supply still reasonably strong and demand softness persisting, steel futures appear to b…
VanEck Steel ETF Overview VanEck / Natural Resources
These returns cover a period from January 1, 1988 through September 1, 2025. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.
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