Bumps in the Road for the Steel ETF
September 17, 2014 at 07:30 AM EDT
The steel industry exchange traded fund may continue to slide as iron ore prices crumble over the short-term before finding strength later this year. The Market Vectors Steel ETF (NYSEArca: SLX) was up 1.4% Tuesday but is still down 3.1% year-to-date. Morgan Stanley analyst Joel Crane predicts that...