Steel ETF Sell-Off May Be Overdone
September 22, 2021 at 16:55 PM EDT
On news that China is curbing steel output for the remainder of the year, iron ore prices tumbled last week, taking the VanEck Vectors Steel ETF (SLX) along for the ride. Over the past week, SLX is lower by nearly 9%. Obviously, that’s a glum performance, but some market observers believe...