| Rio Tinto Plc | 9.43 | 131,780 |
| Vale Sa | 7.81 | 656,332 |
| Carpenter Technology Corp | 6.53 | 39,893 |
| Nucor Corp | 5.96 | 34,670 |
| Ati Inc | 5.24 | 72,601 |
| Reliance Steel & Aluminum Co | 5.03 | 15,532 |
| Arcelormittal Sa | 4.94 | 185,021 |
| Steel Dynamics Inc | 4.82 | 35,658 |
| Tenaris Sa | 4.74 | 141,102 |
| Commercial Metals Co | 4.66 | 76,880 |
| Posco Holdings Inc | 4.57 | 63,279 |
| Gerdau Sa | 4.56 | 1,237,455 |
| United States Steel Corp | 4.55 | 106,233 |
| Warrior Met Coal Inc | 4.19 | 60,443 |
| Cia Siderurgica Nacional Sa | 4.15 | 1,721,436 |
| Ternium Sa | 3.89 | 102,250 |
| Cleveland-Cliffs Inc | 3.84 | 259,774 |
| Gibraltar Industries Inc | 2.44 | 30,985 |
| Worthington Steel Inc | 2.05 | 51,236 |
| Universal Stainless & Alloy Products In | 1.34 | 28,035 |
| Algoma Steel Group Inc | 1.27 | 105,798 |
| Schnitzer Steel Industries Inc | 0.97 | 56,504 |
| Suncoke Energy Inc | 0.87 | 85,497 |
| Timkensteel Corp | 0.82 | 44,604 |
| Ryerson Holding Corp | 0.79 | 34,917 |
| Olympic Steel Inc | 0.51 | 11,321 |
| Other/Cash | 0.02 | N/A |
| -USD CASH- | 0.01 | 10,463 |
