Market Vectors Steel (NYSEArca: SLX) is down about 7% so far this year. The ETF, which has more than $200 million in assets, focuses on industrial steel companies and basic materials suppliers. PowerShares Global Steel (NYSEArca: PSTL) is also in negative territory for 2011. This ETF focuses on large-cap steel companies on an international level, in countries such as Brazil, Germany, Korea, South Africa and the U.S.
Both ETFs hold Steel Dynamics shares.
Market Vectors Steel
Tisha Guerrero contributed to this article.