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Australian (ASX) Steel Industry Analysis
UpdatedJun 05, 2025
DataAggregated Company Financials
Companies37
- 7D-0.9%
- 3M-5.6%
- 1Y-31.2%
- YTDn/a
Over the last 7 days, the Steel industry has dropped 1.8%, driven by a pullback from Fortescue of 1.9%. However, the industry is down 33% over the past year. In the next few years, earnings are forecast to decline by 7.4% annually.
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 |
|---|---|---|---|---|---|---|
| Thu, 05 Jun 2025 | AU$69.3b | AU$61.0b | AU$6.8b | 9x | 10.2x | 1.1x |
| Sat, 03 May 2025 | AU$73.0b | AU$61.6b | AU$6.9b | 8.3x | 10.5x | 1.2x |
| Mon, 31 Mar 2025 | AU$72.3b | AU$62.3b | AU$7.1b | 7.6x | 10.2x | 1.2x |
| Wed, 26 Feb 2025 | AU$80.1b | AU$61.7b | AU$7.2b | 8x | 11.1x | 1.3x |
| Fri, 24 Jan 2025 | AU$80.6b | AU$66.5b | AU$10.9b | 8.4x | 7.4x | 1.2x |
| Sun, 22 Dec 2024 | AU$79.4b | AU$66.6b | AU$10.9b | 8x | 7.3x | 1.2x |
| Tue, 19 Nov 2024 | AU$80.3b | AU$65.4b | AU$10.6b | 8.6x | 7.6x | 1.2x |
| Thu, 17 Oct 2024 | AU$89.9b | AU$64.3b | AU$10.4b | 8.4x | 8.6x | 1.4x |
| Sat, 14 Sep 2024 | AU$77.9b | AU$64.7b | AU$10.1b | 7.7x | 7.7x | 1.2x |
| Mon, 12 Aug 2024 | AU$82.6b | AU$68.1b | AU$11.2b | 7x | 7.4x | 1.2x |
| Wed, 10 Jul 2024 | AU$94.0b | AU$67.1b | AU$10.9b | 9.2x | 8.6x | 1.4x |
| Fri, 07 Jun 2024 | AU$101.1b | AU$67.6b | AU$11.1b | 11x | 9.1x | 1.5x |
| Sun, 05 May 2024 | AU$107.1b | AU$68.1b | AU$11.4b | 9x | 9.4x | 1.6x |
| Tue, 02 Apr 2024 | AU$108.1b | AU$68.7b | AU$11.6b | 8.9x | 9.3x | 1.6x |
| Thu, 29 Feb 2024 | AU$108.7b | AU$68.5b | AU$11.6b | 9.2x | 9.4x | 1.6x |
| Sat, 27 Jan 2024 | AU$120.0b | AU$66.1b | AU$10.5b | 10x | 11.5x | 1.8x |
| Mon, 25 Dec 2023 | AU$117.8b | AU$65.0b | AU$10.2b | 8.7x | 11.6x | 1.8x |
| Wed, 22 Nov 2023 | AU$107.5b | AU$66.2b | AU$10.5b | 8.8x | 10.3x | 1.6x |
| Fri, 20 Oct 2023 | AU$94.8b | AU$67.8b | AU$11.1b | 8.6x | 8.6x | 1.4x |
| Sun, 17 Sep 2023 | AU$94.0b | AU$67.3b | AU$10.9b | 9.5x | 8.6x | 1.4x |
| Tue, 15 Aug 2023 | AU$90.1b | AU$68.4b | AU$13.4b | 6.7x | 6.7x | 1.3x |
| Thu, 13 Jul 2023 | AU$94.8b | AU$67.2b | AU$13.3b | 6.4x | 7.1x | 1.4x |
| Sat, 10 Jun 2023 | AU$90.3b | AU$67.1b | AU$13.2b | 6.3x | 6.8x | 1.3x |
| Mon, 08 May 2023 | AU$89.5b | AU$67.0b | AU$13.4b | 6.4x | 6.7x | 1.3x |
| Wed, 05 Apr 2023 | AU$96.3b | AU$67.0b | AU$13.4b | 6.6x | 7.2x | 1.4x |
| Fri, 03 Mar 2023 | AU$98.6b | AU$63.0b | AU$12.6b | 7.1x | 7.8x | 1.6x |
| Sun, 29 Jan 2023 | AU$97.3b | AU$62.1b | AU$14.0b | 6.5x | 6.9x | 1.6x |
| Tue, 27 Dec 2022 | AU$88.7b | AU$63.7b | AU$14.6b | 6.8x | 6.1x | 1.4x |
| Thu, 24 Nov 2022 | AU$83.0b | AU$64.2b | AU$14.8b | 5.8x | 5.6x | 1.3x |
| Sat, 22 Oct 2022 | AU$73.2b | AU$65.3b | AU$15.3b | 5.9x | 4.8x | 1.1x |
| Mon, 19 Sep 2022 | AU$78.1b | AU$63.1b | AU$14.7b | 6.1x | 5.3x | 1.2x |
| Wed, 17 Aug 2022 | AU$84.9b | AU$46.2b | AU$18.2b | 6.6x | 4.7x | 1.8x |
| Fri, 15 Jul 2022 | AU$77.0b | AU$63.5b | AU$18.1b | 4.2x | 4.2x | 1.2x |
| Sun, 12 Jun 2022 | AU$94.1b | AU$61.9b | AU$17.5b | 6.2x | 5.4x | 1.5x |
Price to Earnings Ratio
5.4x
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 10.1x which is higher than its 3-year average PE of 7.8x.
- The 3-year average PS ratio of 1.4x is higher than the industry's current PS ratio of 1.1x.
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 Market | 1.78% | |
| Materials | 0.81% | |
| Metals and Mining | 0.41% | |
| Steel | -0.85% | |
| Silver | 8.58% | |
| Gold | 5.01% | |
| Precious Metals and Minerals | 0.36% | |
| Copper | 0.18% | |
| Diversified Metals and Mining | -1.09% | |
| Aluminum | -1.87% | |
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 | |
|---|---|---|---|---|---|
| BSL BlueScope Steel | AU$23.68 | 2.2% +AU$223.7m | 11.9% | PE19.2x | |
| SGM Sims | AU$15.60 | 2.5% +AU$73.4m | 46.3% | PS0.4x | |
| DRR Deterra Royalties | AU$3.82 | 1.6% +AU$31.7m | -16.6% | PE14.4x | |
| CIA Champion Iron | AU$4.30 | 1.2% +AU$25.9m | -33.1% | PE13.9x | |
| CRN Coronado Global Resources | AU$0.14 | 7.4% +AU$16.8m | -87.5% | PS0.07x |
