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Australian (ASX) Steel Industry Analysis

UpdatedSep 13, 2025
DataAggregated Company Financials
Companies37
  • 7D-0.6%
  • 3M14.4%
  • 1Y4.0%
  • YTDn/a

Last week, the Steel industry hasn't moved much but Vulcan Steel is up 7.1% in that time. As for the the longer term, the industry is up 7.5% over the past 12 months. Looking forward, earnings are forecast to decline by 2.4% per year.

Industry Valuation and Performance

Has the Australian Steel Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 13 Sep 2025AU$80.1bAU$57.9bAU$5.0b14.1x16.1x1.4x
Mon, 11 Aug 2025AU$81.1bAU$60.7bAU$6.7b10.3x12.2x1.3x
Wed, 09 Jul 2025AU$72.9bAU$60.7bAU$6.7b10x10.9x1.2x
Fri, 06 Jun 2025AU$70.2bAU$60.9bAU$6.7b9.1x10.4x1.2x
Sun, 04 May 2025AU$73.0bAU$61.5bAU$6.9b8.3x10.5x1.2x
Tue, 01 Apr 2025AU$69.3bAU$62.5bAU$7.1b7.4x9.8x1.1x
Thu, 27 Feb 2025AU$76.3bAU$61.8bAU$7.1b9x10.7x1.2x
Sat, 25 Jan 2025AU$81.1bAU$66.2bAU$10.8b8.5x7.5x1.2x
Mon, 23 Dec 2024AU$79.4bAU$66.6bAU$10.9b8x7.3x1.2x
Wed, 20 Nov 2024AU$79.6bAU$65.2bAU$10.5b8.5x7.6x1.2x
Fri, 18 Oct 2024AU$89.9bAU$64.3bAU$10.4b8.3x8.6x1.4x
Sun, 15 Sep 2024AU$77.8bAU$64.7bAU$10.1b7.7x7.7x1.2x
Tue, 13 Aug 2024AU$81.8bAU$68.0bAU$11.1b7x7.4x1.2x
Thu, 11 Jul 2024AU$93.0bAU$67.1bAU$10.9b9.1x8.5x1.4x
Sat, 08 Jun 2024AU$102.2bAU$67.6bAU$11.0b11x9.3x1.5x
Mon, 06 May 2024AU$107.1bAU$68.1bAU$11.4b9x9.4x1.6x
Wed, 03 Apr 2024AU$107.2bAU$68.8bAU$11.6b8.8x9.3x1.6x
Fri, 01 Mar 2024AU$108.7bAU$68.6bAU$11.6b9.4x9.4x1.6x
Sun, 28 Jan 2024AU$120.0bAU$66.1bAU$10.5b10x11.4x1.8x
Tue, 26 Dec 2023AU$117.8bAU$65.0bAU$10.2b8.7x11.5x1.8x
Thu, 23 Nov 2023AU$107.5bAU$66.2bAU$10.5b9x10.3x1.6x
Sat, 21 Oct 2023AU$93.3bAU$67.8bAU$11.1b8.6x8.4x1.4x
Mon, 18 Sep 2023AU$94.0bAU$67.3bAU$10.9b9.5x8.6x1.4x
Wed, 16 Aug 2023AU$91.4bAU$67.9bAU$13.2b7x6.9x1.3x
Fri, 14 Jul 2023AU$96.1bAU$66.3bAU$13.0b6.4x7.4x1.4x
Sun, 11 Jun 2023AU$90.3bAU$66.9bAU$13.2b6.3x6.9x1.3x
Tue, 09 May 2023AU$91.0bAU$66.8bAU$13.4b6.5x6.8x1.4x
Thu, 06 Apr 2023AU$96.3bAU$67.0bAU$13.4b6.6x7.2x1.4x
Sat, 04 Mar 2023AU$97.8bAU$62.9bAU$12.6b7.1x7.8x1.6x
Mon, 30 Jan 2023AU$97.3bAU$62.1bAU$14.0b6.5x6.9x1.6x
Wed, 28 Dec 2022AU$88.7bAU$63.7bAU$14.6b6.8x6.1x1.4x
Fri, 25 Nov 2022AU$83.3bAU$63.8bAU$14.6b5.5x5.7x1.3x
Sun, 23 Oct 2022AU$73.2bAU$65.3bAU$15.3b5.9x4.8x1.1x
Tue, 20 Sep 2022AU$77.3bAU$63.1bAU$14.7b6.1x5.2x1.2x
Price to Earnings Ratio

5.2x


Total Market Cap: AU$77.3bTotal Earnings: AU$14.7bTotal Revenue: AU$63.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Steel Industry Price to Earnings3Y Average 8.5x202320242025
Current Industry PE
  • Investors are optimistic on the Australian Steel industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 15.9x which is higher than its 3-year average PE of 8.5x.
  • The industry is trading close to its 3-year average PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Steel industry have declined 30% per year over the last three years,
  • Revenues have also declined 2.7% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Comparison

How does Australian Steel compare with similar industries?

AU Market-0.074%
Materials0.088%
Metals and Mining0.12%
Steel-0.57%
Gold6.34%
Aluminum3.77%
Silver1.84%
Copper1.45%
Diversified Metals and Mining-2.21%
Precious Metals and Minerals-6.13%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
VSL Vulcan SteelAU$7.207.1%
+AU$68.0m		-6.7%PE72.4x
AKM Aspire MiningAU$0.2819.6%
+AU$22.8m		-8.3%PE13.9x
FEX Fenix ResourcesAU$0.382.7%
+AU$7.4m		43.4%PE52.4x
BRL Bathurst ResourcesAU$0.763.4%
+AU$6.0m		10.1%PE45.8x
EQX Equatorial ResourcesAU$0.2321.1%
+AU$5.3m		n/aPB2.1x

Latest News

EQX
AU$0.23
Equatorial Resources
7D
21.1%
1Y
n/a

Companies Like Equatorial Resources (ASX:EQX) Are In A Position To Invest In Growth

Sep 12
Companies Like Equatorial Resources (ASX:EQX) Are In A Position To Invest In Growth
BIS
AU$5.42
Bisalloy Steel Group
7D
-0.7%
1Y
49.3%
FMG
AU$18.80
Fortescue
7D
-0.4%
1Y
7.4%

Rising Extraction Costs And China Risks Will Erode Margins

Fortescue's consensus Analyst Price Target was marginally revised down to A$17.26, as a sharp increase in its future P/E indicates reduced earnings expectations despite revenue growth forecasts remaining flat. What's in the News Fortescue announced an ordinary fully franked dividend of AUD 0.60 per share for the twelve-month period ending June 30, 2025.
FEX
AU$0.38
Fenix Resources
7D
2.7%
1Y
43.4%
SMR
AU$1.76
Stanmore Resources
7D
-1.7%
1Y
-37.1%

Revenues Working Against Stanmore Resources Limited's (ASX:SMR) Share Price Following 25% Dive

Sep 07
Revenues Working Against Stanmore Resources Limited's (ASX:SMR) Share Price Following 25% Dive
VSL
AU$7.20
Vulcan Steel
7D
7.1%
1Y
-6.7%

Acquisitions And Recovery In Australasia Will Expand Market Reach

Despite a significant decline in Vulcan Steel's future P/E ratio, indicating improved value or lower growth expectations, the consensus analyst price target has remained unchanged at A$6.50. What's in the News Vulcan Steel announced a follow-on equity offering totaling AUD 87.1 million through a rights issue, offering 14,642,849 ordinary shares at AUD 5.95 per share with a slight discount.
BSL
AU$22.29
BlueScope Steel
7D
-2.7%
1Y
11.0%

Infrastructure Renewal And Renewables Will Boost Global Steel Demand

As BlueScope Steel’s discount rate and future P/E remained essentially flat, analysts maintained the consensus price target at A$24.83, reflecting no material change in fair value expectations. What's in the News BlueScope Steel has extended its buyback plan duration by one year, now ending August 17, 2026.
SGM
AU$13.83
Sims
7D
-0.9%
1Y
24.8%
CIA
AU$4.50
Champion Iron
7D
-0.2%
1Y
-21.9%
BRL
AU$0.76
Bathurst Resources
7D
3.4%
1Y
10.1%
DRR
AU$4.15
Deterra Royalties
7D
-0.7%
1Y
12.8%
CRN
AU$0.33
Coronado Global Resources
7D
-1.5%
1Y
-64.9%

Mammoth And Buchanan Expansion Will Drive Mixed Metallurgical Coal Trends

Despite the consensus analyst price target for Coronado Global Resources remaining unchanged at A$0.224, a sharp rise in the future P/E ratio from 6.40x to 9.80x suggests a deterioration in earnings expectations relative to valuation. What's in the News Coronado is preparing to launch a formal asset sale process, opening a data room for potential buyers to acquire 20–30% stakes in either the Curragh or Buchanan mines, following failed talks with JSW Steel and Tata Steel.
M4M
AU$0.0075
Macro Metals
7D
7.1%
1Y
-58.3%
AKM
AU$0.28
Aspire Mining
7D
19.6%
1Y
-8.3%
AVM
AU$0.05
Advance Metals
7D
6.4%
1Y
117.4%
SRK
AU$0.033
Strike Resources
7D
3.1%
1Y
10.0%