Steel ETF (SLX) or steel stocks

[Brat]

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...

 

[milford]

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.

 

[38Chevy454]

^^^^ what Milford said. With pending (or already present) recession it seems steel is not in the growth part of the cycle.