he Market Vectors Steel ETF (AMEX:SLX) is seeing unusually high volume in afternoon trading Tuesday, with over 284,000 shares traded versus three month average volume of about 55,000. Shares of SLX were down about 1.8% on the day.
Components of that ETF with the highest volume on Tuesday were Vale (NYSE:VALE), trading off about 2.9% with over 13.7 million shares changing hands so far this session, and Cliffs Natural Resources (NYSE:CLF), down about 4% on volume of over 6.9 million shares. LB Foster (NASDAQ:FSTR) is the component faring the best Tuesday, higher by about 1.6% on the day, while AM Castle (NYSE:CAS) is lagging other components of the Market Vectors Steel ETF, trading lower by about 5.9%.
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