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Steel ETF (SLX) or steel stocks
Old 01-29-2023, 08:07 PM   #1
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Steel ETF (SLX) or steel stocks

I already have some Rio Tinto (RIO) and am considering adding VALE and Steel Dynamics (STLD). My other option is to buy SLX. SLX has a decent dividend @ 3.88%, RIO and VALE have high dividends (8.51% and 7.60% respectively).

Thoughts folks...
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Old 01-29-2023, 09:08 PM   #2
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I personally wouldn't touch steel right now as the industry is very cyclical... with all the recession talks I would think steel would start tanking if the global economy does start slowing down.
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Old 01-30-2023, 07:49 AM   #3
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^^^^ what Milford said. With pending (or already present) recession it seems steel is not in the growth part of the cycle.
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