---
ticker: "SLX"
name: "VanEck Steel ETF"
url: "https://etf.net/etf/SLX"
grade: "D"
score: 38
graded_at: "2026-10-12"
category: "Materials (Broad)"
category_rank: "11 of 14"
methodology: "https://etf.net/methodology"
---

# SLX: VanEck Steel ETF

Grade **D**, Score 38 of 100. Rank 11 of 14 in Materials (Broad).

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 16 | 12 of 14 |
| Mission | Not scored | — |
| Risk | 52 | 6 of 14 |
| Tradability | 52 | 7 of 14 |
| Holdings | 58 | 7 of 14 |
| Durability | 45 | 10 of 14 |

## Top holdings

The fund holds 43 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | BHP | Bhp Group Ltd | 7.29% |
| 2 | RIO | Rio Tinto Plc | 7.08% |
| 3 | NUE | Nucor Corp | 6.78% |
| 4 | VALE | Vale Sa | 6.64% |
| 5 | MT | Arcelormittal Sa | 5.37% |
| 6 | STLD | Steel Dynamics Inc | 5.32% |
| 7 | RS | Reliance Steel & Aluminum Co | 4.93% |
| 8 | RIO.AX | Rio Tinto Ltd | 4.68% |
| 9 | PKX | Posco Holdings Inc | 4.45% |
| 10 | 5401.T | Nippon Steel Corp | 4.36% |
| 11 | FMG.AX | Fortescue Metals Group Ltd | 4.08% |
| 12 | TS | Tenaris Sa | 3.93% |
| 13 | 2002.TW | China Steel Corp | 2.98% |
| 14 | SSAB-B.ST | Ssab Ab | 2.52% |
| 15 | 5411.T | Jfe Holdings Inc | 2.39% |
| 16 | BSL.AX | Bluescope Steel Ltd | 2.38% |
| 17 | GGB | Gerdau Sa | 2.33% |
| 18 | VOE.VI | Voestalpine Ag | 2.25% |
| 19 | CLF | Cleveland-Cliffs Inc | 2.16% |
| 20 | CMC | Commercial Metals Co | 2.00% |
| 21 | MIN.AX | Mineral Resources Ltd | 1.54% |
| 22 | ACX.MC | Acerinox Sa | 1.44% |
| 23 | 2027.TW | Ta Chen Stainless Pipe | 1.37% |
| 24 | RUS.TO | Russel Metals Inc | 1.32% |
| 25 | TX | Ternium Sa | 1.26% |
| 26 | EREGL.IS | Eregli Demir Ve Celik Fabrikalari Tas | 1.06% |
| 27 | 5444.T | Yamato Kogyo Co Ltd | 1.00% |
| 28 | OUT1V.HE | Outokumpu Oyj | 0.87% |
| 29 | SGM.AX | Sims Ltd | 0.86% |
| 30 | 5463.T | Maruichi Steel Tube Ltd | 0.84% |

Source: etf.net, https://etf.net/etf/SLX. Please cite the page URL.