Can This Steel ETF Bounce Back From Tough Times?
The global economy has gone through a difficult period in recent years, and steel stocks have suffered the brunt of slowdowns in the infrastructure and construction industry. With demand for steel weak, and with Chinese steel producers charging rock-bottom prices for the strong metal, steel companies saw their stocks perform badly for a long time.
The outlook for steel has gotten better in 2017, as the Trump administration has promised greater spending on infrastructure programs that could get demand moving back in the right direction. One specialty steel ETF offers more concentrated exposure to the steel industry than its peers, but some other fund choices give more diversification.
Steel/Materials ETF
Source: Fool.com
