Steel ETFs Likely To Decline
Posted on August 30, 2010 at 13:17 PM EDT
Imbalances in global microeconomic forces are expected to take their toll on the steel industry providing negative price support for the metal exposing the Market Vectors Steel ETF (SLX) and the PowerShares Global Steel (NASDAQ:PSTL) to feel the wrath.  According to a recent report by Credit Suisse, scrap steel price in the last quarter of this ...
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