Steel ETFs Pull Back on China
March 21, 2012 at 13:00 PM EDT
Exchange traded funds tracking the steel industry buckled after BHP Billiton executive said China, the largest steelmaker, is starting to focus more on consumer spending and less on building projects. Market Vectors Steel Index ETF Fund ETF (NYSEArca: SLX) lost over 2% Tuesday and the Powershares...
