SLX - VanEck Vectors Steel ETF

NYSEArca - Nasdaq Real Time Price. Currency in USD
38.03
+0.52 (+1.39%)
At close: 3:49PM EST
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Previous Close37.51
Open37.32
Bid37.2800 x 1400
Ask37.5100 x 800
Day's Range37.34 - 38.28
52 Week Range33.66 - 51.92
Volume58,502
Avg. Volume27,616
Net Assets57.53M
NAV34.87
PE Ratio (TTM)N/A
Yield4.82%
YTD Return-20.34%
Beta (3Y Monthly)1.65
Expense Ratio (net)0.56%
Inception Date2006-10-10
Trade prices are not sourced from all markets
  • Are Trump’s Tariffs Destroying Demand in the US Steel Sector?
    Market Realist25 days ago

    Are Trump’s Tariffs Destroying Demand in the US Steel Sector?

    Why Now Might Be a Good Time to Look Again at Cleveland Cliffs(Continued from Prior Part)Steel demand In the US steel sector, demand for steel drives US steelmakers’ (SLX) revenues. As a result, investors who are interested in Cleveland-Cliffs (CLF) will likely want to track US steel demand.

  • Business Wire2 months ago

    VanEck Announces Preliminary Yearend Distribution Estimates for VanEck Vectors Equity ETFs

    VanEck announced today preliminary yearend distribution estimates for its VanEck Vectors® equity exchange-traded funds.

  • Can Cleveland Cliffs’ Valuations Catch Up to Its Fundamentals?
    Market Realist2 months ago

    Can Cleveland Cliffs’ Valuations Catch Up to Its Fundamentals?

    In the final article of this series, we’ll look at Cleveland-Cliffs’ (CLF) valuation and compare it to those of its US steel peers (SLX). Among US (SPY) steel stocks (XME), U.S. Steel Corporation (X) and ArcelorMittal (MT) are trading at the lowest forward EV-to-EBITDA multiples of 3.06x and 3.65x, respectively. Cleveland-Cliffs, on the other hand, is trading at the highest multiple of 5.9x.

  • Could Rising Interest Rates Dent Steel Demand to CLF’s Detriment?
    Market Realist2 months ago

    Could Rising Interest Rates Dent Steel Demand to CLF’s Detriment?

    In the US steel sector, demand for steel drives US steelmakers’ (SLX) revenues. As a result, investors who are interested in Cleveland-Cliffs (CLF) will likely want to track US steel demand.

  • What Wall Street Expects for Cleveland-Cliffs’s Debt
    Market Realist3 months ago

    What Wall Street Expects for Cleveland-Cliffs’s Debt

    Cleveland-Cliffs (CLF) has come a long way with respect to its debt levels. The company’s change in management in 2014 and its focus on debt reduction have somewhat allayed investors’ concerns. During the Q2 2018 earnings call, Cleveland-Cliffs maintained that bringing its net debt below $1 billion is its second priority, after the focus on the HBI (hot-briquetted iron) plant.

  • What Upside Is Priced into CLF’s Revenue Estimates for Q3 2018?
    Market Realist3 months ago

    What Upside Is Priced into CLF’s Revenue Estimates for Q3 2018?

    Wall Street analysts expect Cleveland-Cliffs (CLF) to generate revenue of $731 million in the third quarter, which implies a rise of 4.7% YoY (year-over-year). This expectation is the result of the company’s guidance for higher volumes along with higher spot HRC (hot-rolled coil) prices prevailing in the market compared to last year’s corresponding period. As we discussed earlier in this series, CLF expects higher volumes in the third quarter.

  • ETF Trends3 months ago

    Steel ETF Steady Amid Sector Downgrade

    The VanEck Vectors Steel ETF (NYSEArca: SLX) was mostly steady Monday even after a major Wall Street bank downgraded domestic steel stocks, citing supply concerns. “Credit Suisse on Monday downgraded the ...

  • US Steel Production Outlook Looks Strong in Q4 2018
    Market Realist4 months ago

    US Steel Production Outlook Looks Strong in Q4 2018

    US steel production is the key factor that drives US steelmakers’ (SLX)(XME) revenues. Investors track production data to get a sense of the direction of overall volumes. AK Steel (AKS) and ArcelorMittal (MT) are among Cleveland-Cliffs’ (CLF) key customers.

  • Stocks jump as the US proposes a new round of trade talks with China
    Yahoo Finance4 months ago

    Stocks jump as the US proposes a new round of trade talks with China

    Midday Movers September 13th, 2018

  • Why Did Jefferies Increase Its Target Price for Cleveland-Cliffs?
    Market Realist4 months ago

    Why Did Jefferies Increase Its Target Price for Cleveland-Cliffs?

    Today, Jefferies analyst Seth Rosenelf raised the target price for Cleveland-Cliffs (CLF) from $11 to $13 while maintaining a “buy” rating on the stock. Cleveland-Cliffs stock has seen a turn in fortunes, as far as analyst sentiment is concerned, since March.

  • Why Are Analysts Turning Around for Cleveland-Cliffs?
    Market Realist4 months ago

    Why Are Analysts Turning Around for Cleveland-Cliffs?

    According to Thomson Reuters, 73.0% of the analysts covering Cleveland-Cliffs (CLF) stock recommend a “buy,” 27.0% recommend a “hold,” and there were no “sell” ratings. CLF’s target price of $11.90 implies an upside of 21.0% based on its current market price. At the end of March, Cleveland-Cliffs had “buy” ratings from only 30.0% of the analysts.

  • These Factors Could Help CLF Rerate in 2018 and Beyond
    Market Realist4 months ago

    These Factors Could Help CLF Rerate in 2018 and Beyond

    In this article, we’ll look at Cleveland-Cliffs’ (CLF) valuation and compare it to those of its US steel peers (SLX). We’ll also look at its forward EV-to-EBITDA (enterprise value-to-EBITDA) and PE multiples.

  • Has US Steel Production Changed as a Result of the Tariffs?
    Market Realist4 months ago

    Has US Steel Production Changed as a Result of the Tariffs?

    US steel production is the key variable that drives US steelmakers’ (SLX) (XME) revenues. AK Steel (AKS) and ArcelorMittal (MT) are Cleveland-Cliffs’ (CLF) customers. Investors track production data to get a sense of the direction of overall volumes.

  • Stocks up as US-Canada trade deadline looms
    Yahoo Finance5 months ago

    Stocks up as US-Canada trade deadline looms

    A former trade minister warns that trade tensions could end up sparking a 'global economic crisis.'

  • Stocks up as Trump's trade deal with Mexico puts the pressure on Canada
    Yahoo Finance5 months ago

    Stocks up as Trump's trade deal with Mexico puts the pressure on Canada

    Stocks (^DJI, ^GSPC, ^IXIC) are up with the energy (XLE) sector the most in the green, and the utlities (XLU) sector the most in the red. Yahoo Finance’s Jared Blikre joins us live from the floor of the New York Stock Exchange to talk markets. To discuss the other big stories of the day, Yahoo Finance’s Dion Rabouin is joined by Dan Roberts, and Yahoo Finance tech reviewer Dan Howley.

  • ETF Trends5 months ago

    Steel ETF Could Shake Its Laggard Ways

    The VanEck Vectors Steel ETF (SLX) is off 7.5% over the past month as steel and iron stocks have struggled amid tariffs and trade war speculation. After the March tariff on steel imports, the Trump administration expanded them on June 1 by removing temporary country exemptions for members of the European Union, Canada and Mexico.  However, some analysts believe iron and steel equities are poised to bounce back. “First it was fear of tariffs and a trade war that hurt the metals and mining sector, and then Turkey's troubles burst onto the world stage, weighing on emerging markets.  However, these worries have created a buying opportunity, argues Credit Suisse's Curt Woodworth,” reports Teresa Rivas for Barron's.

  • How Can Cleveland-Cliffs Start Dividend Distributions Again?
    Market Realist6 months ago

    How Can Cleveland-Cliffs Start Dividend Distributions Again?

    Cleveland-Cliffs’s (CLF) CFO Tim Flanagan mentioned during the Q2 2018 earnings call that the company is expected to generate $400 million of free cash flow (or FCF) in the second half of 2018. As a result, the favorable working capital release will lead the company to generate ~$400 million of FCF in the second half of the year after all expenditures, including capital expenditure on its HBI (hot-briquetted iron) plant. CLF recorded $2 million in income tax benefits in Q2 2018 related to the reversal for uncertain tax positions.

  • ETF Trends7 months ago

    Steel ETF Down 8 Percent from High in February

    After a 25 percent tariff imposed on steel imports by U.S. President Donald Trump and his administration in March, the  VanEck Vectors Steel ETF (SLX)  has dropped 8 percent after reaching a high of $51.37 in February. After the March tariff on steel imports, the Trump administration expanded them on June 1 by removing temporary country exemptions for members of the European Union, Canada and Mexico.  Based on data released by the American Institute for International Steel, steel imports to the United States surged 12.1 percent in April to 3.76 million net tons. Through the first four months of 2018, steel imports were up 1.2 percent year-over-year to 12.45 million net tons--a byproduct of the March tariffs, according to the American Institute for International Steel.

  • CLF Pops as US Slaps Tariffs on Chinese Steel Shipped via Vietnam
    Market Realist8 months ago

    CLF Pops as US Slaps Tariffs on Chinese Steel Shipped via Vietnam

    US steel stocks (SLX) and Cleveland-Cliffs (CLF) have been on a roller coaster ride that refuses to calm down, underpinned by Trump’s policy flip-flops, especially on trade tariffs. CLF saw a lot of ups and downs, first due to recommendations of the US Department of Commerce, then the imposition of steel tariffs, and finally the exemption of some countries from tariffs, which toned down the overall impact.

  • Could Cliffs Stock Rise after a Volatile 2018?
    Market Realist8 months ago

    Could Cliffs Stock Rise after a Volatile 2018?

    Cleveland-Cliffs (CLF) stock has been on a roller coaster ride for most of 2018. While CLF stock has seen a lot of volatility in 2018, it’s making a strong upward move in the second quarter on strong fundamentals.

  • Benzinga9 months ago

    Trump Extends Tariff Deadline For Key US Allies

    Less than two months after President Donald Trump imposed steep aluminum and steel tariffs, he said Monday that the tariffs will be delayed by at least 30 days for key U.S. allies, including Canada, Mexico and the European Union. Hours before prior exemptions were set to expire, the White House announced that it would be extending its negotiations with Mexico, Canada and the EU for an additional 30 days as details of agreements that would restrain imports and protect national security are ironed out.

  • Will Analysts Raise Estimates for Cliffs after 1Q18 Results?
    Market Realist9 months ago

    Will Analysts Raise Estimates for Cliffs after 1Q18 Results?

    As we’ve seen previously in this series, Cleveland-Cliffs (CLF) has outperformed its own expectations in terms of sales volumes and realized prices for the US iron ore (or USIO) division in 1Q18. Cliffs has also reiterated its strong outlook for pricing going forward, notwithstanding the impact of Section 232 as demand outlook remains strong. The combination of higher-than-expected sales and realized prices should lead analysts to revise their revenue estimate higher.

  • Key Highlights from Cleveland-Cliffs’s 1Q18 Results
    Market Realist9 months ago

    Key Highlights from Cleveland-Cliffs’s 1Q18 Results

    Cleveland-Cliffs (CLF) reported first-quarter revenues of $239 million, a decline of 48% year-over-year (or YoY). This decline was largely expected due to the change in the sales recognition method by the company as well as lower carryover tons from the previous quarter. The analysts were, however, expecting lower revenues of just $181.4 million. Higher-than-expected realized prices and the earlier-than-expected start to the shipping season led to the better-than-expected top-line expectations.

  • What Factors Could Help CLF’s Valuation Multiple after 1Q18?
    Market Realist9 months ago

    What Factors Could Help CLF’s Valuation Multiple after 1Q18?

    Can 1Q18 Pave the Way for Cleveland-Cliffs Stock to Re-Rate? Let’s use EV-to-forward EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) to value Cleveland-Cliffs (CLF) in relation to its peers and its historical multiples. Among Cliffs’ US steel peers, U.S. Steel Corporation (X) is trading at the lowest forward multiple of 4.5x, while Nucor (NUE) is trading at the highest multiple of 6.9x.

  • Protectionism is never a good idea: Expert
    CNBC Videos6 months ago

    Protectionism is never a good idea: Expert

    Veronique de Rugy, Mercatus Center, and Beth Baltzan, American Phoenix, discuss trade and the impact tariffs are likely to have on the US & Chinese economies.