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Australian (ASX) Steel Industry Analysis

UpdatedDec 23, 2025
DataAggregated Company Financials
Companies36
  • 7D-1.3%
  • 3M15.5%
  • 1Y18.4%
  • YTDn/a

Over the last 7 days, the Steel industry has dropped 3.9%, driven by a pullback from Fortescue of 2.1%. Over the past 12 months, the industry was up 18%. Earnings are forecast to be flat in the coming years.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 23 Dec 2025AU$94.3bAU$57.5bAU$4.9b30.9x19.4x1.6x
Thu, 20 Nov 2025AU$85.9bAU$58.2bAU$5.0b27x17.3x1.5x
Sat, 18 Oct 2025AU$84.9bAU$58.3bAU$5.0b27.3x17x1.5x
Mon, 15 Sep 2025AU$80.0bAU$57.9bAU$5.0b20.1x16.2x1.4x
Wed, 13 Aug 2025AU$83.9bAU$60.8bAU$6.7b10.8x12.6x1.4x
Fri, 11 Jul 2025AU$74.0bAU$60.6bAU$6.7b10.1x11.1x1.2x
Sun, 08 Jun 2025AU$70.7bAU$60.9bAU$6.7b9x10.5x1.2x
Tue, 06 May 2025AU$71.5bAU$61.3bAU$6.9b8.2x10.4x1.2x
Thu, 03 Apr 2025AU$69.4bAU$62.2bAU$7.1b7.7x9.8x1.1x
Sat, 01 Mar 2025AU$75.1bAU$62.3bAU$7.2b9.1x10.4x1.2x
Mon, 27 Jan 2025AU$81.1bAU$66.2bAU$10.8b8.5x7.5x1.2x
Wed, 25 Dec 2024AU$80.3bAU$66.7bAU$10.9b8.4x7.4x1.2x
Fri, 22 Nov 2024AU$80.5bAU$65.0bAU$10.5b8.5x7.7x1.2x
Sun, 20 Oct 2024AU$86.3bAU$64.2bAU$10.4b8.2x8.3x1.3x
Tue, 17 Sep 2024AU$76.7bAU$64.5bAU$10.1b7.7x7.6x1.2x
Thu, 15 Aug 2024AU$78.6bAU$67.8bAU$11.1b7x7.1x1.2x
Sat, 13 Jul 2024AU$95.3bAU$66.9bAU$10.9b9.4x8.8x1.4x
Mon, 10 Jun 2024AU$102.2bAU$68.0bAU$11.2b11x9.2x1.5x
Wed, 08 May 2024AU$110.6bAU$68.0bAU$11.2b11.4x9.9x1.6x
Fri, 05 Apr 2024AU$105.3bAU$68.1bAU$11.4b8.8x9.2x1.5x
Sun, 03 Mar 2024AU$109.8bAU$68.4bAU$11.6b9.5x9.5x1.6x
Tue, 30 Jan 2024AU$121.0bAU$66.0bAU$10.5b10x11.6x1.8x
Thu, 28 Dec 2023AU$118.8bAU$64.8bAU$10.1b8.6x11.7x1.8x
Sat, 25 Nov 2023AU$105.8bAU$66.2bAU$10.5b8.6x10.1x1.6x
Mon, 23 Oct 2023AU$93.3bAU$67.8bAU$11.1b8.6x8.4x1.4x
Wed, 20 Sep 2023AU$93.2bAU$67.2bAU$10.9b9.4x8.6x1.4x
Fri, 18 Aug 2023AU$88.7bAU$68.0bAU$13.2b6.9x6.7x1.3x
Sun, 16 Jul 2023AU$97.4bAU$66.5bAU$13.0b6.5x7.5x1.5x
Tue, 13 Jun 2023AU$90.3bAU$66.8bAU$13.2b6.3x6.9x1.4x
Thu, 11 May 2023AU$90.7bAU$67.0bAU$13.4b6.4x6.7x1.4x
Sat, 08 Apr 2023AU$94.6bAU$67.5bAU$13.6b6.5x7x1.4x
Mon, 06 Mar 2023AU$97.8bAU$62.9bAU$12.5b7.1x7.8x1.6x
Wed, 01 Feb 2023AU$95.8bAU$62.6bAU$14.2b6.3x6.8x1.5x
Fri, 30 Dec 2022AU$88.8bAU$63.8bAU$14.6b6.8x6.1x1.4x
Price to Earnings Ratio

6.1x


Total Market Cap: AU$88.8bTotal Earnings: AU$14.6bTotal Revenue: AU$63.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Steel Industry Price to Earnings3Y Average 9.7x202320242025
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 19.0x which is higher than its 3-year average PE of 9.7x.
  • The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 1.6x.
Past Earnings Growth
  • The earnings for companies in the Steel industry have declined 31% per year over the last three years,
  • Revenues have also declined 3.3% 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 Market0.95%
Materials3.02%
Metals and Mining3.12%
Steel-1.31%
Silver15.84%
Precious Metals and Minerals15.18%
Gold6.60%
Copper4.43%
Diversified Metals and Mining2.63%
Aluminum-1.35%
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
FMG FortescueAU$22.170.3%
+AU$215.2m		20.5%PE13.5x
BSL BlueScope SteelAU$24.161.6%
+AU$166.5m		25.0%PE142.6x
DRR Deterra RoyaltiesAU$4.255.7%
+AU$121.7m		11.0%PE14.4x
CIA Champion IronAU$6.082.2%
+AU$69.3m		5.2%PE24.5x
SGM SimsAU$18.040.9%
+AU$30.9m		51.7%PE1452.5x

Latest News

CIA
AU$6.08
Champion Iron
7D
2.2%
1Y
5.2%
FMG
AU$22.17
Fortescue
7D
0.3%
1Y
20.5%

FMG: Dividend Payout Will Continue To Worsen Emerging Earnings Risk Profile

Analysts have modestly raised their price target on Fortescue, citing slightly improving revenue trends, a small uplift in profit margin expectations, and a marginally higher future P/E outlook, which together support an increase in fair value from approximately $18.55 to $19.18 per share. Valuation Changes Fair Value has risen slightly from approximately A$18.55 to A$19.18 per share, reflecting modestly better fundamentals.
BRL
AU$0.62
Bathurst Resources
7D
-4.6%
1Y
-16.2%

BRL: Expanded Coal Reserves Will Support Longer Mine Life And Upside Potential

Analysts have inched up their price target for Bathurst Resources by a modest amount, citing slightly lower perceived risk, marginally improving long term revenue and profit expectations, and a small compression in projected future valuation multiples that together support a higher fair value in absolute dollar terms. What's in the News Total marketable reserves increased sharply to 33.9 Mt as at 30 June 2025, up from 6.7 Mt, supporting a longer mine life and greater production visibility (company update).
GEN
AU$0.0085
Genmin
7D
-15.0%
1Y
-78.8%
SGM
AU$18.04
Sims
7D
0.9%
1Y
51.7%
BIS
AU$4.78
Bisalloy Steel Group
7D
-0.4%
1Y
7.9%

Bisalloy Steel Group (ASX:BIS) Is Achieving High Returns On Its Capital

Dec 09
Bisalloy Steel Group (ASX:BIS) Is Achieving High Returns On Its Capital
HIO
AU$0.023
Hawsons Iron
7D
-34.3%
1Y
35.3%
BSL
AU$24.16
BlueScope Steel
7D
1.6%
1Y
25.0%
VSL
AU$7.07
Vulcan Steel
7D
-2.1%
1Y
-7.3%
GRR
AU$0.28
Grange Resources
7D
5.6%
1Y
29.5%

Grange Resources (ASX:GRR) Will Want To Turn Around Its Return Trends

Oct 29
Grange Resources (ASX:GRR) Will Want To Turn Around Its Return Trends
MGX
AU$0.45
MGX Resources
7D
6.0%
1Y
48.3%
DRR
AU$4.25
Deterra Royalties
7D
5.7%
1Y
11.0%
FEX
AU$0.46
Fenix Resources
7D
-2.1%
1Y
80.4%
IRD
AU$0.024
Iron Road
7D
-22.6%
1Y
-59.3%
EMA
AU$0.06
Eminence Minerals
7D
-7.7%
1Y
-47.8%
EFE
AU$0.033
Eastern Resources
7D
-13.2%
1Y
17.9%