It would be fair to say that both steel ETFs are unlikely to re-gather momentum to the upside without first seeing a rebound in the economies of the BRICs (Brazil, Russia, India, and China) as well as a return to normalcy in both the United States and Europe in terms of healthy demand for steel products.
From a trading standpoint, SLX averages well more volume on a daily basis than PSTL with approximately 136,000 shares changing hands daily, while PSTL only trades about 1,100 shares daily. However, since both ETFs have exposure to some of the largest and most liquid steel producers globally, sizable trades can be executed in either of the ETFs with the proper technique and access to liquidity through an ETF trading desk.
Market Vectors Steel
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