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Australian (ASX) Steel Industry Analysis

UpdatedJul 27, 2025
DataAggregated Company Financials
Companies36
  • 7D6.4%
  • 3M16.4%
  • 1Y-8.8%
  • YTDn/a

In the last week, the Steel industry is up 6.4%, with Fortescue up 7.9%. In the past year, the industry is down 8.8%. As for the next few years, earnings are forecast to decline by 8.6% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 28 Jul 2025AU$80.7bAU$60.6bAU$6.7b10.7x12.1x1.3x
Wed, 25 Jun 2025AU$68.2bAU$60.9bAU$6.7b8.7x10.1x1.1x
Fri, 23 May 2025AU$71.2bAU$61.3bAU$6.8b9.4x10.4x1.2x
Sun, 20 Apr 2025AU$67.5bAU$61.9bAU$7.0b7.6x9.6x1.1x
Tue, 18 Mar 2025AU$75.8bAU$61.9bAU$7.0b7.9x10.8x1.2x
Thu, 13 Feb 2025AU$83.4bAU$66.2bAU$10.7b8.8x7.8x1.3x
Sat, 11 Jan 2025AU$78.3bAU$67.0bAU$11.0b8.3x7.1x1.2x
Mon, 09 Dec 2024AU$85.6bAU$65.8bAU$10.7b9x8x1.3x
Wed, 06 Nov 2024AU$83.8bAU$64.6bAU$10.4b8.2x8x1.3x
Fri, 04 Oct 2024AU$88.3bAU$63.5bAU$10.2b8.5x8.7x1.4x
Sun, 01 Sep 2024AU$81.4bAU$64.3bAU$10.0b8.4x8.1x1.3x
Tue, 30 Jul 2024AU$89.6bAU$68.1bAU$11.2b9.4x8x1.3x
Thu, 27 Jun 2024AU$92.6bAU$67.5bAU$11.0b10.4x8.4x1.4x
Sat, 25 May 2024AU$110.2bAU$67.9bAU$11.2b11.3x9.9x1.6x
Mon, 22 Apr 2024AU$103.7bAU$69.3bAU$11.7b8.5x8.9x1.5x
Wed, 20 Mar 2024AU$103.3bAU$68.7bAU$11.6b8.6x8.9x1.5x
Fri, 16 Feb 2024AU$115.7bAU$66.6bAU$10.8b9.4x10.7x1.7x
Sun, 14 Jan 2024AU$114.9bAU$65.6bAU$10.3b9.7x11.1x1.8x
Tue, 12 Dec 2023AU$108.9bAU$66.2bAU$10.5b8.8x10.4x1.6x
Thu, 09 Nov 2023AU$99.0bAU$67.2bAU$10.9b8.6x9.1x1.5x
Sat, 07 Oct 2023AU$93.0bAU$67.6bAU$11.0b8.6x8.4x1.4x
Mon, 04 Sep 2023AU$91.2bAU$67.1bAU$11.0b10.4x8.3x1.4x
Wed, 02 Aug 2023AU$95.8bAU$67.6bAU$13.3b6.4x7.2x1.4x
Fri, 30 Jun 2023AU$94.9bAU$67.5bAU$13.4b5.7x7.1x1.4x
Sun, 28 May 2023AU$86.0bAU$68.0bAU$13.6b6x6.3x1.3x
Tue, 25 Apr 2023AU$92.6bAU$67.4bAU$13.5b6.6x6.8x1.4x
Thu, 23 Mar 2023AU$90.1bAU$63.3bAU$12.5b6.6x7.2x1.4x
Sat, 18 Feb 2023AU$96.4bAU$62.7bAU$13.7b6.7x7x1.5x
Mon, 16 Jan 2023AU$97.1bAU$62.5bAU$14.2b7.2x6.8x1.6x
Wed, 14 Dec 2022AU$87.8bAU$63.5bAU$14.6b6.6x6x1.4x
Fri, 11 Nov 2022AU$74.3bAU$64.6bAU$15.0b5.9x5x1.1x
Sun, 09 Oct 2022AU$76.9bAU$64.9bAU$15.2b6.5x5.1x1.2x
Tue, 06 Sep 2022AU$74.5bAU$62.5bAU$14.5b5.8x5.1x1.2x
Thu, 04 Aug 2022AU$78.8bAU$62.3bAU$17.6b5.9x4.5x1.3x
Price to Earnings Ratio

4.5x


Total Market Cap: AU$78.8bTotal Earnings: AU$17.6bTotal Revenue: AU$62.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Steel Industry Price to Earnings3Y Average 8.1x202320242025
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 12.1x which is higher than its 3-year average PE of 8.1x.
  • 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 28% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Comparison

How does Australian Steel compare with similar industries?

AU Market-0.94%
Materials2.11%
Metals and Mining2.29%
Steel6.40%
Diversified Metals and Mining2.37%
Precious Metals and Minerals1.50%
Copper1.29%
Silver0.29%
Gold-0.97%
Aluminum-1.58%
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$18.145.2%
+AU$2.7b		-10.9%PE9.3x
BSL BlueScope SteelAU$24.821.9%
+AU$201.7m		14.8%PE20.1x
CRN Coronado Global ResourcesAU$0.2020.6%
+AU$58.7m		-85.2%PS0.1x
SMR Stanmore ResourcesAU$2.291.8%
+AU$36.1m		-39.4%PE7x
CIA Champion IronAU$4.871.0%
+AU$26.7m		-20.9%PE16.4x

Latest News

FEX
AU$0.31
Fenix Resources
7D
5.1%
1Y
-28.7%
author-image

Production Expansion And Sinosteel Partnership Will Unlock Future Potential

Planned production expansion, infrastructure upgrades, and premium product focus position the company for higher efficiency, better margins, and sustainable long-term revenue growth.
MGX
AU$0.38
Mount Gibson Iron
7D
4.1%
1Y
5.6%
FMG
AU$18.14
Fortescue
7D
5.2%
1Y
-10.9%

Fortescue Ltd's (ASX:FMG) Shares Bounce 25% But Its Business Still Trails The Market

Jul 23
Fortescue Ltd's (ASX:FMG) Shares Bounce 25% But Its Business Still Trails The Market
SMR
AU$2.29
Stanmore Resources
7D
1.8%
1Y
-39.4%
CIA
AU$4.87
Champion Iron
7D
1.0%
1Y
-20.9%
IRD
AU$0.028
Iron Road
7D
-6.7%
1Y
-64.1%
CRN
AU$0.20
Coronado Global Resources
7D
20.6%
1Y
-85.2%
BIS
AU$4.07
Bisalloy Steel Group
7D
-1.9%
1Y
-16.4%

Improved Earnings Required Before Bisalloy Steel Group Limited (ASX:BIS) Stock's 30% Jump Looks Justified

Jul 16
Improved Earnings Required Before Bisalloy Steel Group Limited (ASX:BIS) Stock's 30% Jump Looks Justified
AQC
AU$0.015
Australian Pacific Coal
7D
-11.8%
1Y
-84.2%
JNO
AU$0.027
Juno Minerals
7D
-3.6%
1Y
-10.0%
GEN
AU$0.024
Genmin
7D
-11.1%
1Y
-80.0%
GRR
AU$0.19
Grange Resources
7D
5.6%
1Y
-40.6%

Why Investors Shouldn't Be Surprised By Grange Resources Limited's (ASX:GRR) Low P/E

May 15
Why Investors Shouldn't Be Surprised By Grange Resources Limited's (ASX:GRR) Low P/E
SGM
AU$16.19
Sims
7D
-1.3%
1Y
61.3%
BSL
AU$24.82
BlueScope Steel
7D
1.9%
1Y
14.8%

Potential Upside For BlueScope Steel Limited (ASX:BSL) Not Without Risk

May 05
Potential Upside For BlueScope Steel Limited (ASX:BSL) Not Without Risk
MGT
AU$0.081
Magnetite Mines
7D
-11.0%
1Y
-70.0%
M4M
AU$0.006
Macro Metals
7D
-14.3%
1Y
-80.6%