
See exactly how SLX's revenue becomes profit — a Sankey that traces revenue (and its reported segments) through gross profit, operating expenses, and net profit, with the year-over-year change on every line.
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The VanEck Steel ETF (SLX) is designed to replicate, as precisely as possible and prior to any operational costs, both the capital appreciation and income generation of the MarketVector Global Steel Index (MVSLXTR). This benchmark index is specifically constructed to capture the overall financial performance of companies engaged in the worldwide steel industry.

Steel Dynamics, Nucor, and Cleveland-Cliffs shares rise as escalating U.S.-Canada trade tensions put steel tariffs back in focus.

The VanEck Steel ETF (SLX) is upgraded from Hold to Buy as bullish steel fundamentals persist into August 2026. Tariffs, sanctions, and rising production costs have driven steel prices higher, with SLX nearing its 2008 all-time high. SLX's diversified holdings include major steel producers and commodity giants, with strong U.S. policy support benefiting names like NUE.

Materials are often viewed as a sleepy, cyclical corner of the market, but the artificial intelligence (AI) buildout is adding vim and vigor to the sector.

SLX hit a new 52-week high in early June, raising questions about further upside amid shifting industry trends.

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.