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]

For investors looking to buy the global steel sector, we do not recommend investing in VanEck Steel ETF ( SLX ). SLX will soon transition to a new benchmark, the MVSLX Index. MVSLX poses several problems. Firstly, MVSLX does notI'm a long-time investing enthusiast, with a fascination for the history of cyclical patterns in metals and minerals prices. I have a Msc in Geology, with a focus on applied risk management. My geological education taught me to approach the analysis of risks to assets and people from ...