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SLX Could Be Heading For A New Record HighSeeking Alpha · Aug 18, 2026The VanEck Steel ETF (SLX) is designed to replicate, as precisely as possible and prior to any operational costs, both the capital appreciation and income generation of the MarketVector Global Steel Index (MVSLXTR). This benchmark index is specifically constructed to capture the overall financial performance of companies engaged in the worldwide steel industry.