Investors who are interested in gaining exposure to a potentially strengthening steel industry can look to the targeted VanEck Vectors Steel ETF (NYSEArca: SLX) and the broader SPDR Metals & Mining ETF (NYSEArca: XME).

SLX tries to reflect the performance of the NYSE Arca Steel Index, which follows global companies involved in the steel industry. The global steel ETF includes a 37.2% tilt toward U.S. steel, along with 19.1%  Brazil, 13.3% Netherlands and 11.1% U.K. However, since SLX includes more international than U.S. components, any tariffs could weigh on this ETF.

Alternatively, investors who want to focus on U.S. steel may turn to XME, which includes a hefty 49.7% tilt toward steel producers, along with coal & consumable fuels 14.1%, aluminum 12.0%, gold 9.0%, silver 6.3% and copper 5.1%.

For more information on the steel industry, visit our steel category.

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