SLX News and Press, VanEck Vectors Steel From 06/29/22

China is the world’s largest consumer of iron ore, and despite being the third largest producer, it still imports around 80% of the iron ore it uses each year. China’s zero COVID policy and slowing economic growth could affect its demand for iron ore. Iron ore prices...

Steelmakers stood out as one group of stocks that mostly missed out on Tuesday's broad rally, and a contributing factor may have been a report that the global steel industry could face writedowns of as much as $518B in stranded assets over the coming years because it is still building traditi...

Nucor has sold off by more than 30% in the last few months. While the investment has many moving parts, the ultimate driver here is that the stock is cheap. If 2023 sees steel prices weaken substantially, the stock could end up priced at 10x free cash flow. That's not such a bad outco...

Returns remain superior, and cash generation comparable to big tech. Risks are obvious, but not existential. Diversification investments are on track and should pay off. Valuation is attractive, and provide a cushion to investors in a downturn scenario. For further detai...

North American steelmakers (SLX) are sharply higher in Thursday's trading, capping strong gains following India's decision to impose export tariffs on its steel industry earlier this week: (NYSE:RS) +6.2%, (TMST) +5.4%, (NYSE:X) +5%, (STLD) +4.9%, (CMC) +4.7%, (CRS) +4.7%, (NYSE:CLF) +3.8%, (...

Global public opinion seems divided on whether or not to impose a “carbon tax” on the metal and mining sector. This goes double for steel. Steel serves as one of the most widely-used building materials in the world. The process depends upon coking coal. Steel produce...

Ternium S.A. saw dramatic increases in revenue and profits in 2021 with a more than 400% increase in earnings per share compared to 2020. The company’s stock pays a significant dividend which can make it look more attractive as interest rates continue to increase. It is que...

Azul sees an extremely bullish future ahead on transformed cost structure and revenue streams. Azul missed earnings expectations due to the Omicron variant in Q1 2022. Recession fear poses the biggest risk to airlines at this point. For further details see: Azul: Bullish...

While China plans to curb its steel production further, India recently announced it would be stepping on the gas. Besides India, the WSA report found that Brazil was the only other country among the top 10 nations to register growth in March. Thanks to China’s subdued expor...

Our sector ratings are based on the normalized aggregation of our stock ratings for every stock in each sector. The primary driver behind an Attractive fund rating is good portfolio management (stock picking) combined with low total annual costs. At the beginning of the second qua...