Narrative Update • May 25
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Brazilian (BOVESPA) Steel Industry Analysis
UpdatedMay 27, 2026
DataAggregated Company Financials
Companies10
- 7D1.2%
- 3M-5.5%
- 1Y45.4%
- YTDn/a
In the last week, the Steel industry is up 4.0%, with all of the companies up. This takes the industry's 12 month performance to a gain of 45%. Looking forward, earnings are forecast to grow by 21% annually.
Industry Valuation and Performance
Has the Brazilian Steel Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 27 May 2026 | R$468.7b | R$445.6b | R$16.5b | 14.2x | 28.4x | 1.1x |
| Fri, 24 Apr 2026 | R$477.3b | R$447.5b | R$13.2b | 18.5x | 36.3x | 1.1x |
| Sun, 22 Mar 2026 | R$420.3b | R$447.7b | R$13.8b | 18.2x | 30.6x | 0.9x |
| Tue, 17 Feb 2026 | R$487.9b | R$434.9b | R$15.7b | 12.3x | 31.1x | 1.1x |
| Thu, 15 Jan 2026 | R$439.1b | R$447.9b | R$33.4b | 12.2x | 13.2x | 1x |
| Sat, 13 Dec 2025 | R$419.3b | R$447.9b | R$32.3b | 11.8x | 13x | 0.9x |
| Mon, 10 Nov 2025 | R$377.3b | R$437.2b | R$30.3b | 9.8x | 12.5x | 0.9x |
| Wed, 08 Oct 2025 | R$346.0b | R$441.5b | R$34.2b | 9.6x | 10.1x | 0.8x |
| Fri, 05 Sep 2025 | R$328.1b | R$441.5b | R$34.2b | 9.4x | 9.6x | 0.7x |
| Sun, 03 Aug 2025 | R$316.7b | R$433.3b | R$30.9b | 8.7x | 10.3x | 0.7x |
| Tue, 01 Jul 2025 | R$311.3b | R$441.5b | R$36.7b | 7.5x | 8.5x | 0.7x |
| Thu, 29 May 2025 | R$318.4b | R$441.5b | R$36.7b | 7.7x | 8.7x | 0.7x |
| Sat, 26 Apr 2025 | R$333.6b | R$431.3b | R$41.2b | 6.8x | 8.1x | 0.8x |
| Mon, 24 Mar 2025 | R$355.0b | R$431.2b | R$42.9b | 7.6x | 8.3x | 0.8x |
| Wed, 19 Feb 2025 | R$340.5b | R$432.7b | R$57.5b | 6.1x | 5.9x | 0.8x |
| Fri, 17 Jan 2025 | R$324.8b | R$433.0b | R$58.6b | 6.5x | 5.5x | 0.8x |
| Sun, 15 Dec 2024 | R$353.1b | R$433.0b | R$58.6b | 7.8x | 6x | 0.8x |
| Tue, 12 Nov 2024 | R$379.6b | R$433.7b | R$60.0b | 6.8x | 6.3x | 0.9x |
| Thu, 10 Oct 2024 | R$377.7b | R$432.0b | R$62.2b | 6.7x | 6.1x | 0.9x |
| Sat, 07 Sep 2024 | R$358.6b | R$432.0b | R$62.2b | 6.8x | 5.8x | 0.8x |
| Mon, 05 Aug 2024 | R$359.9b | R$432.0b | R$60.0b | 7.4x | 6x | 0.8x |
| Wed, 03 Jul 2024 | R$385.4b | R$430.0b | R$53.6b | 6.5x | 7.2x | 0.9x |
| Fri, 31 May 2024 | R$377.8b | R$431.8b | R$52.2b | 7x | 7.2x | 0.9x |
| Sun, 28 Apr 2024 | R$385.6b | R$440.0b | R$55.3b | 6.1x | 7x | 0.9x |
| Tue, 26 Mar 2024 | R$383.4b | R$442.9b | R$57.2b | 6.8x | 6.7x | 0.9x |
| Thu, 22 Feb 2024 | R$414.8b | R$445.4b | R$64.7b | 6.5x | 6.4x | 0.9x |
| Sat, 20 Jan 2024 | R$426.2b | R$446.3b | R$62.8b | 6.2x | 6.8x | 1x |
| Mon, 18 Dec 2023 | R$456.7b | R$448.5b | R$63.7b | 6.1x | 7.2x | 1x |
| Wed, 15 Nov 2023 | R$432.8b | R$443.3b | R$63.4b | 6x | 6.8x | 1x |
| Fri, 13 Oct 2023 | R$405.7b | R$454.3b | R$75.3b | 5.5x | 5.4x | 0.9x |
| Sun, 10 Sep 2023 | R$406.5b | R$460.0b | R$76.9b | 5.5x | 5.3x | 0.9x |
| Tue, 08 Aug 2023 | R$418.5b | R$466.4b | R$79.7b | 4.8x | 5.2x | 0.9x |
| Thu, 06 Jul 2023 | R$408.9b | R$471.3b | R$95.8b | 4.3x | 4.3x | 0.9x |
| Sat, 03 Jun 2023 | R$421.7b | R$471.5b | R$95.8b | 4.3x | 4.4x | 0.9x |
Price to Earnings Ratio
4.4x
Current Industry PE
- Investors are optimistic on the Brazilian Steel industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 28.7x which is higher than its 3-year average PE of 9.8x.
- The 3-year average PS ratio of 0.88x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Steel industry have declined 44% 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 Brazilian Steel compare with similar industries?
| BR Market | -0.27% | |
| Materials | 0.91% | |
| Metals and Mining | 1.22% | |
| Steel | 1.22% | |
| Aluminum | 1.23% | |
| Copper | 0% | 0 |
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 | |
|---|---|---|---|---|---|
| VALE3 Vale | R$83.07 | 1.3% +R$4.6b | 55.5% | PE22.7x | |
| CSNA3 Companhia Siderúrgica Nacional | R$6.69 | 9.1% +R$742.6m | -22.8% | PS0.2x | |
| CMIN3 CSN Mineração | R$4.51 | 0.2% +R$54.3m | -11.9% | PE11x | |
| BRAP3 Bradespar | R$19.69 | 0.2% +R$15.7m | 30.7% | PE9.9x |