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As Chinese Steel Futures Rise, Consider the SLX ETF

“Iron ore price surged to 10-year high this week after Vale, Rio Tinto and BHP released disappointing output figures,” a Mining.com article said. SLX tries to reflect the performance of the NYSE Arca Steel Index, which follows global companies involved in the steel industry. While more than a third of SLX’s lineup is allocated to U.S. steel producers, the ETF has a heavy global tilt, including exposure to ex-U.S. developed markets and emerging markets steel companies. SLX investors get: One-Trade Access to the Steel Industry: An industry supporting global industrialization. A Pure Play with Global Scope: Includes companies involved in a variety of activities related to steel production.

Iron ore set for fifth weekly rise, powered by strong steel prices | Hellenic Shipping News Worldwide

Iron ore set for fifth weekly rise, powered by strong steel prices Iron ore futures advanced in Asia on Friday, on course for a fifth straight week of gains, as anti-pollution steel output curbs in top producer China and strengthening global steel demand propelled prices to record highs. September iron ore on China’s Dalian Commodity Exchange ended daytime trade 1.2% higher at 1,104.50 yuan ($170.11) a tonne. The most-active contract has risen 4.3% this week. The steelmaking ingredient climbed 1.3% to $181.35 a tonne on the Singapore Exchange by 0711 GMT. Steel prices on the Shanghai Futures Exchange extended gains, with construction steel rebar rising 1.7% to 5,299 yuan a tonne, just below a record-high 5,300 yuan.

China s Shandong aims to cut 21mln T steel capacity by 2022 – state media | Hellenic Shipping News Worldwide

China s Shandong aims to cut 21mln T steel capacity by 2022 – state media | Hellenic Shipping News Worldwide
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.

China s Shandong aims to cut 21mln T steel capacity by 2022 - state media

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