SPDR S&P Metals and Mining (ETF) (AMEX:XME)
CAPS Rating:
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Exchange traded funds
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Steel ETF. Clearly, this stands to continue to grow over time. After my family was involved in the decline of the steel industry in Chicago in the early-to-mid 80's, I've taken a particular interest in the manner in which demand has been met. As commercial growth rises in foreign segments, production capacity of steel will have to rise to meet the requirements. A good, solid buy!