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Australian (ASX) Steel Industry Analysis
UpdatedNov 06, 2025
DataAggregated Company Financials
Companies36
- 7D-3.8%
- 3M6.1%
- 1Y2.2%
- YTDn/a
Over the last 7 days, the Steel industry has dropped 3.8%, driven by Fortescue declining 4.5%. On the other hand Champion Iron is actually up 11%. As for the longer term, the industry's performance has been flat for the past year. In the next few years earnings are forecast to be pretty stable.
Industry Valuation and Performance
Has the Australian Steel Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 07 Nov 2025 | AU$84.8b | AU$58.4b | AU$5.0b | 27x | 16.8x | 1.5x |
| Sun, 05 Oct 2025 | AU$82.9b | AU$58.1b | AU$4.9b | 28.3x | 17.1x | 1.4x |
| Tue, 02 Sep 2025 | AU$79.7b | AU$58.4b | AU$5.0b | 14.2x | 15.8x | 1.4x |
| Thu, 31 Jul 2025 | AU$79.8b | AU$60.8b | AU$6.7b | 10.5x | 11.9x | 1.3x |
| Sat, 28 Jun 2025 | AU$69.4b | AU$60.7b | AU$6.7b | 9.5x | 10.3x | 1.1x |
| Mon, 26 May 2025 | AU$69.8b | AU$61.0b | AU$6.8b | 9.4x | 10.3x | 1.1x |
| Wed, 23 Apr 2025 | AU$66.8b | AU$61.8b | AU$7.0b | 7.5x | 9.6x | 1.1x |
| Fri, 21 Mar 2025 | AU$72.4b | AU$62.3b | AU$7.1b | 7.8x | 10.3x | 1.2x |
| Sun, 16 Feb 2025 | AU$84.7b | AU$65.7b | AU$10.6b | 8.5x | 8x | 1.3x |
| Tue, 14 Jan 2025 | AU$78.2b | AU$67.3b | AU$11.1b | 8.1x | 7.1x | 1.2x |
| Thu, 12 Dec 2024 | AU$87.5b | AU$66.0b | AU$10.7b | 8.7x | 8.2x | 1.3x |
| Sat, 09 Nov 2024 | AU$86.6b | AU$64.6b | AU$10.4b | 9.2x | 8.3x | 1.3x |
| Mon, 07 Oct 2024 | AU$87.2b | AU$63.7b | AU$10.3b | 8.5x | 8.5x | 1.4x |
| Wed, 04 Sep 2024 | AU$79.1b | AU$64.5b | AU$10.1b | 8x | 7.9x | 1.2x |
| Fri, 02 Aug 2024 | AU$85.7b | AU$68.5b | AU$11.3b | 8.8x | 7.6x | 1.3x |
| Sun, 30 Jun 2024 | AU$92.0b | AU$67.5b | AU$11.0b | 9.1x | 8.4x | 1.4x |
| Tue, 28 May 2024 | AU$109.1b | AU$67.8b | AU$11.1b | 11.1x | 9.8x | 1.6x |
| Thu, 25 Apr 2024 | AU$104.2b | AU$68.8b | AU$11.6b | 8.6x | 9x | 1.5x |
| Sat, 23 Mar 2024 | AU$103.7b | AU$68.7b | AU$11.6b | 8.6x | 9x | 1.5x |
| Mon, 19 Feb 2024 | AU$117.3b | AU$66.5b | AU$10.8b | 9.7x | 10.9x | 1.8x |
| Wed, 17 Jan 2024 | AU$112.2b | AU$66.0b | AU$10.4b | 9.5x | 10.7x | 1.7x |
| Fri, 15 Dec 2023 | AU$111.6b | AU$65.4b | AU$10.3b | 8.8x | 10.8x | 1.7x |
| Sun, 12 Nov 2023 | AU$101.1b | AU$67.4b | AU$10.8b | 8.6x | 9.4x | 1.5x |
| Tue, 10 Oct 2023 | AU$91.7b | AU$67.6b | AU$11.0b | 8.6x | 8.3x | 1.4x |
| Thu, 07 Sep 2023 | AU$91.8b | AU$67.5b | AU$11.0b | 10.4x | 8.4x | 1.4x |
| Sat, 05 Aug 2023 | AU$93.3b | AU$68.0b | AU$13.5b | 6.3x | 6.9x | 1.4x |
| Mon, 03 Jul 2023 | AU$95.4b | AU$67.4b | AU$13.3b | 5.9x | 7.2x | 1.4x |
| Wed, 31 May 2023 | AU$86.7b | AU$67.8b | AU$13.5b | 6.1x | 6.4x | 1.3x |
| Fri, 28 Apr 2023 | AU$91.9b | AU$67.7b | AU$13.6b | 6.5x | 6.7x | 1.4x |
| Sun, 26 Mar 2023 | AU$87.2b | AU$63.5b | AU$12.6b | 6.3x | 6.9x | 1.4x |
| Tue, 21 Feb 2023 | AU$96.4b | AU$62.3b | AU$13.6b | 7.1x | 7.1x | 1.5x |
| Thu, 19 Jan 2023 | AU$95.6b | AU$62.4b | AU$14.2b | 7x | 6.7x | 1.5x |
| Sat, 17 Dec 2022 | AU$87.3b | AU$63.9b | AU$14.7b | 6.7x | 5.9x | 1.4x |
| Mon, 14 Nov 2022 | AU$78.0b | AU$63.4b | AU$14.6b | 5.9x | 5.3x | 1.2x |
Price to Earnings Ratio
5.3x
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 16.8x which is higher than its 3-year average PE of 9.1x.
- 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 | -1.65% | |
| Materials | -3.47% | |
| Metals and Mining | -3.28% | |
| Steel | -3.81% | |
| Precious Metals and Minerals | 2.62% | |
| Gold | -0.86% | |
| Copper | -3.45% | |
| Diversified Metals and Mining | -4.16% | |
| Aluminum | -5.55% | |
| Silver | -10.34% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| CIA Champion Iron | AU$5.55 | 2.0% +AU$58.7m | -9.3% | PE22.4x | |
| MGX Mount Gibson Iron | AU$0.37 | 5.7% +AU$23.6m | 15.6% | PS1.3x | |
| SMR Stanmore Resources | AU$2.16 | 0.9% +AU$18.0m | -33.1% | PE269.6x | |
| SGM Sims | AU$15.95 | 0.4% +AU$11.5m | 16.8% | PE1278.8x | |
| BIS Bisalloy Steel Group | AU$5.29 | 4.3% +AU$10.6m | 72.3% | PE13x |
