Steel ETF (SLX) Hits New 52-Week High

Group 1 - The VanEck Steel ETF (SLX) has reached a 52-week high, increasing by 57.3% from its 52-week low of $51.69 per share, indicating strong momentum for investors [1] - The underlying NYSE Arca Steel Index tracks the performance of companies in the steel sector, and the fund charges 56 basis points in annual fees [1] - Recent regulatory relief from the Biden-era EPA rule for coke oven facilities, crucial for steel production, is a significant positive factor for the fund [2] Group 2 - Easing risks of regulation-driven shutdowns, alongside ongoing challenges like trade tensions and supply constraints, suggest that increasing exposure to the fund is a favorable option [2] - The SLX is expected to continue its strong performance in the near term, supported by a positive weighted alpha of 24.35, indicating potential for further gains [3]