Despite the initial euphoria, the investigation seems to have gone into cold storage. Meanwhile, US steelmakers are keeping the issue of rising imports alive, regularly slamming ‘unfairly’ and ‘illegally’ traded steel products during their earnings calls. Most recently, US steelmakers wrote a letter to President Trump, highlighting higher steel imports and requesting urgent action,” reports Market Realist.

Year-to-date, investors have pulled $42.5 million from SLX.

“Strong steel demand growth in developing countries will offset stabilizing demand in developed economies, but it means mostly flat overall global demand for likely the next two decades or more,” according to the World Steel Association. “Combine those factors with declining trends in steel use — due in part to increased production of high-strength, lightweight steels and a sharper focus on reuse and recycling — and the outcome is clear.”

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