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VanEck Steel ETF
SLXFinancial ServicesAMEXUS
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SLX hits a new 52-week high, climbing 77.6% from its low as demand for steel rises amid acceleration in global data center construction.
VICTORIA, Seychelles, May 26, 2026 (GLOBE NEWSWIRE) -- MEXC , a pioneer in 0-fee digital asset trading, has announced the listing of Solstice Finance (SLX) in its Innovation Zone. Spot trading for the SLX/USDT pair is now available, with withdrawals scheduled to open on May 26, 2026, at 14:00 (UTC).
VICTORIA, Seychelles, May 26, 2026 (GLOBE NEWSWIRE) -- Bitget , the world's largest Universal Exchange (UEX), has announced the addition of Solstice Finance (SLX) for spot trading in the Solana ecosystem zone. Trading for the SLX/USDT pair opens on May 25, 2026, 14:00 (UTC), with withdrawals available from May 26, 2026, 15:00 (UTC).
The VanEck Steel ETF has sustained a bullish trend, nearing its 2008 all-time high, driven by rising steel prices and global supply-demand dynamics. SLX is rated a hold, as recent price strength increases correction risk, but long-term drivers—military demand, inflation, and potential Chinese recovery—remain supportive. Tariffs and trade protectionism have bolstered U.S. steelmakers, while elevated input costs and interest rates present ongoing challenges for steel demand.
VanEck Steel ETF aligns with a bullish global reflation cycle and earns a reiterated buy rating. SLX offers attractive valuation at 13.3x P/E, 12.4% long-term earnings growth, and strong technical momentum. Top holdings like RIO and BHP drive performance; over 70% international allocation provides currency diversification.
Altered rates on finished products made with the metals would simplify compliance, but could effectively raise costs for many imports.
Oil prices and a resurgent U.S. dollar are impacting a whole host of sectors, commodities chief among them.
