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Australian (ASX) Steel Industry Analysis

UpdatedJul 23, 2025
DataAggregated Company Financials
Companies36
  • 7D5.7%
  • 3M15.1%
  • 1Y-12.9%
  • YTDn/a

In the last week, the Steel industry is up 5.7%, with Fortescue up 8.0%. In contrast, the industry has lost 13% in the last 12 months. In the next few years, earnings are forecast to decline by 8.8% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 23 Jul 2025AU$79.2bAU$60.8bAU$6.7b10.5x11.8x1.3x
Fri, 20 Jun 2025AU$67.1bAU$61.1bAU$6.8b8.5x9.9x1.1x
Sun, 18 May 2025AU$75.4bAU$61.4bAU$6.9b9.4x11x1.2x
Tue, 15 Apr 2025AU$67.6bAU$62.2bAU$7.1b7.6x9.6x1.1x
Thu, 13 Mar 2025AU$71.9bAU$61.9bAU$7.1b8.6x10.1x1.2x
Sat, 08 Feb 2025AU$84.6bAU$66.2bAU$10.7b9.1x7.9x1.3x
Mon, 06 Jan 2025AU$79.5bAU$66.8bAU$11.0b8.2x7.2x1.2x
Wed, 04 Dec 2024AU$85.6bAU$65.2bAU$10.5b8.9x8.1x1.3x
Fri, 01 Nov 2024AU$84.2bAU$65.0bAU$10.5b8.1x8x1.3x
Sun, 29 Sep 2024AU$88.7bAU$63.2bAU$10.1b7.5x8.7x1.4x
Tue, 27 Aug 2024AU$82.0bAU$65.2bAU$10.4b8x7.8x1.3x
Thu, 25 Jul 2024AU$92.1bAU$67.8bAU$11.1b9.3x8.3x1.4x
Sat, 22 Jun 2024AU$92.8bAU$67.6bAU$11.1b10.4x8.4x1.4x
Mon, 20 May 2024AU$110.3bAU$67.5bAU$11.1b11.1x10x1.6x
Wed, 17 Apr 2024AU$107.8bAU$69.3bAU$11.7b8.6x9.2x1.6x
Fri, 15 Mar 2024AU$103.4bAU$67.9bAU$11.4b8.8x9.1x1.5x
Sun, 11 Feb 2024AU$116.6bAU$66.6bAU$10.8b9.7x10.8x1.8x
Tue, 09 Jan 2024AU$115.9bAU$65.6bAU$10.3b9.6x11.2x1.8x
Thu, 07 Dec 2023AU$106.4bAU$66.2bAU$10.5b8.9x10.2x1.6x
Sat, 04 Nov 2023AU$99.9bAU$67.1bAU$10.9b8.6x9.2x1.5x
Mon, 02 Oct 2023AU$92.4bAU$67.2bAU$10.9b8.4x8.5x1.4x
Wed, 30 Aug 2023AU$90.9bAU$67.1bAU$11.0b10.1x8.3x1.4x
Fri, 28 Jul 2023AU$98.3bAU$66.7bAU$13.1b6.4x7.5x1.5x
Sun, 25 Jun 2023AU$92.3bAU$67.3bAU$13.3b6.1x7x1.4x
Tue, 23 May 2023AU$89.7bAU$67.3bAU$13.4b6.3x6.7x1.3x
Thu, 20 Apr 2023AU$98.8bAU$67.3bAU$13.5b6.5x7.3x1.5x
Sat, 18 Mar 2023AU$91.7bAU$63.3bAU$12.5b6.6x7.3x1.5x
Mon, 13 Feb 2023AU$94.5bAU$62.9bAU$14.3b6.3x6.6x1.5x
Wed, 11 Jan 2023AU$93.4bAU$63.0bAU$14.4b6.9x6.5x1.5x
Fri, 09 Dec 2022AU$91.4bAU$63.8bAU$14.7b5.9x6.2x1.4x
Sun, 06 Nov 2022AU$72.0bAU$65.5bAU$15.3b5.9x4.7x1.1x
Tue, 04 Oct 2022AU$74.5bAU$64.6bAU$15.1b6.4x4.9x1.2x
Thu, 01 Sep 2022AU$81.1bAU$62.3bAU$14.5b5.4x5.6x1.3x
Sat, 30 Jul 2022AU$80.0bAU$62.2bAU$17.5b6.2x4.6x1.3x
Price to Earnings Ratio

4.6x


Total Market Cap: AU$80.0bTotal Earnings: AU$17.5bTotal Revenue: AU$62.2bTotal 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 11.8x 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 27% 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 Market0.64%
Materials3.88%
Metals and Mining4.31%
Steel5.68%
Silver5.50%
Diversified Metals and Mining5.36%
Precious Metals and Minerals3.76%
Aluminum1.56%
Copper1.27%
Gold0.58%
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$18.218.0%
+AU$4.2b
-14.6%PE9.4x
BSL BlueScope SteelAU$25.316.6%
+AU$688.5m
18.7%PE20.5x
CIA Champion IronAU$5.1615.2%
+AU$362.6m
-13.6%PE17.3x
SMR Stanmore ResourcesAU$2.4716.5%
+AU$315.5m
-34.3%PE7.6x
DRR Deterra RoyaltiesAU$4.244.4%
+AU$95.2m
8.2%PE16x

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