VanEck Steel ETF

SLX

Market cap $130M

SLX hits a 52-week high, up 57% from its low, boosted by regulatory relief and strong sector momentum.

Trump's move easing EPA rules boosts the steel supply chain, setting ETFs like XME up for firmer pricing power and steadier volumes.

VanEck Steel ETF will soon switch benchmarks to the MVSLX Index. MVSLX lacks exposure to several emerging markets projected to drive significant steel sector growth over the next 1-2 years. MVSLX is heavily biased towards large market-cap companies and includes companies with significant non-steel business exposure.

Over the last 100 trading days, or roughly five months, the S&P 500 Index (SPX) has surged more than 25%.

Oil rebounded on strong demand signals and easing trade tensions, boosting XOP and SLX while pressuring XRT, CRAK, JETS, and GDX.

Bloomberg reported Tuesday that a quota deal with Mexico would let some steel imports enter the U.S. tariff-free.

Increase is piggybacking on seven-year-old findings. Are they too stale?

U.S. President Donald Trump has promised to hike nearly all of his tariffs on foreign steel and aluminum to a punishing 50% on Wednesday, a move that would hammer businesses from automakers to home builders, and likely push up prices for consumers.Foreign-made steel and aluminum is used in household products like soup cans and paper clips as well as big-ticket items like a stainless-steel refrigerators and cars. Economists warn that the latest tariffs will significantly squeeze the wallets of both companies and shoppers alike.Here's what we know.

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.

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. He points to historical stock prices and credit quality trends for steelmakers to show how companies like Cleveland-Cliffs (CLF) and Steel Dynamics (STLD) will likely handle tariff volatility.