ETF Trends
ETF Trends

Things are looking up for steel exchange traded funds (ETFs). The possibility of a rebound within global economies and the U.S. has steelmakers expanding operations and re-hiring in hopes of getting an early jump on resurgent demand.

The steel ETF might be flat year-to-date, but if signs of life in steel plants are any indication, it may not stay that way for long.

  • U.S. steel mills are operating currently at between 70% and 75% of capacity, two-thirds busier than at the start of 2008 when operating rates were hovering between 40% and 45%. At those rates, steelmakers could return to profitability this quarter. [How to Play the Industrial Uprise With ETFs.]

For more stories about steel and natural gas, visit our natural gas and steel categories.

  • Market Vectors Steel (NYSEArca: SLX)

  • First Trust ISE-Revere Natural Gas (NYSEArca: FCG)

  • United States Natural Gas (NYSEArca: UNG)

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.