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Steel ETFs Strengthen on Positive Outlook for Nucor, Cleveland-Cliffs

Steel ETFs Strengthen on Positive Outlook for Nucor, Cleveland-Cliffs

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Steel sector-related exchange traded funds strengthened on Wednesday as analysts maintained an optimistic outlook on steelmakers like Nucor Corporation (NYSE: NUE) and Cleveland-Cliffs Inc. (NYSE: CLF). On Wednesday, the VanEck Vectors Steel ETF (NYSEArca: SLX), the lone steel sector-specific ETF, increased 1.7%, and the SPDR Metals & Mining ETF (NYSEArca: XME), which is designed to [.

...read full article on ETF Trends

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