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Brazilian (BOVESPA) Steel Industry Analysis

UpdatedJul 10, 2026
DataAggregated Company Financials
Companies10
  • 7D-4.5%
  • 3M-11.4%
  • 1Y26.0%
  • YTDn/a

Over the last 7 days, the Steel industry has dropped 4.5%, driven by Vale declining 7.1%. On the other hand CSN Mineração is actually up 9.6%. This takes the industry's 12 month performance to a gain of 26%. Looking forward, earnings are forecast to grow by 20% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 10 Jul 2026R$420.5bR$445.6bR$16.5b14x25.5x0.9x
Sun, 07 Jun 2026R$448.8bR$445.6bR$16.5b13x27.2x1x
Tue, 05 May 2026R$446.7bR$447.1bR$15.7b18.5x28.5x1x
Thu, 02 Apr 2026R$461.5bR$447.5bR$13.2b17.6x35.1x1x
Sat, 28 Feb 2026R$497.0bR$448.2bR$16.0b13.4x31.1x1.1x
Mon, 26 Jan 2026R$487.6bR$447.9bR$33.4b13x14.6x1.1x
Wed, 24 Dec 2025R$422.3bR$447.9bR$33.4b11.5x12.7x0.9x
Fri, 21 Nov 2025R$381.3bR$447.3bR$33.4b10.9x11.4x0.9x
Sun, 19 Oct 2025R$353.4bR$441.5bR$34.2b10.1x10.3x0.8x
Tue, 16 Sep 2025R$335.9bR$441.5bR$34.2b9.4x9.8x0.8x
Thu, 14 Aug 2025R$318.0bR$441.5bR$34.2b8.8x9.3x0.7x
Sat, 12 Jul 2025R$327.3bR$441.5bR$36.7b7.6x8.9x0.7x
Mon, 09 Jun 2025R$316.4bR$441.5bR$36.7b7.6x8.6x0.7x
Wed, 07 May 2025R$327.4bR$439.8bR$39.7b7.4x8.3x0.7x
Fri, 04 Apr 2025R$336.5bR$431.3bR$41.2b7x8.2x0.8x
Sun, 02 Mar 2025R$334.6bR$431.8bR$42.3b7.2x7.9x0.8x
Tue, 28 Jan 2025R$327.3bR$433.0bR$58.6b7.3x5.6x0.8x
Thu, 26 Dec 2024R$339.9bR$433.0bR$58.6b7.1x5.8x0.8x
Sat, 23 Nov 2024R$352.4bR$433.0bR$56.8b7.4x6.2x0.8x
Mon, 21 Oct 2024R$374.0bR$432.0bR$62.2b6.6x6x0.9x
Wed, 18 Sep 2024R$370.2bR$432.0bR$62.2b7x6x0.9x
Fri, 16 Aug 2024R$341.5bR$431.9bR$59.0b6.7x5.8x0.8x
Sun, 14 Jul 2024R$386.2bR$430.0bR$53.6b6.5x7.2x0.9x
Tue, 11 Jun 2024R$366.7bR$431.8bR$53.6b6.8x6.8x0.8x
Thu, 09 May 2024R$393.7bR$434.6bR$53.8b6.8x7.3x0.9x
Sat, 06 Apr 2024R$378.5bR$442.9bR$57.0b5.9x6.6x0.9x
Mon, 04 Mar 2024R$418.6bR$440.7bR$56.3b7x7.4x0.9x
Wed, 31 Jan 2024R$431.1bR$446.3bR$62.8b6.2x6.9x1x
Fri, 29 Dec 2023R$479.4bR$444.9bR$62.9b6.2x7.6x1.1x
Sun, 26 Nov 2023R$446.9bR$446.8bR$63.3b5.8x7.1x1x
Tue, 24 Oct 2023R$381.1bR$454.3bR$75.3b5.3x5.1x0.8x
Thu, 21 Sep 2023R$420.0bR$455.7bR$75.7b5.8x5.5x0.9x
Sat, 19 Aug 2023R$382.2bR$459.4bR$76.7b5.3x5x0.8x
Mon, 17 Jul 2023R$427.5bR$471.3bR$95.8b4.3x4.5x0.9x
Price to Earnings Ratio

4.5x


Total Market Cap: R$427.5bTotal Earnings: R$95.8bTotal Revenue: R$471.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Steel Industry Price to Earnings3Y Average 10.7x202420252026
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 25.3x which is higher than its 3-year average PE of 10.7x.
  • The industry is trading close to its 3-year average PS ratio of 0.88x.
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-0.64%
Materials-3.58%
Metals and Mining-4.42%
Steel-4.49%
Aluminum0.19%
Copper0%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?

CompanyLast Price7D1YValuation
CMIN3 CSN MineraçãoR$5.2321.3%
+R$5.0b		1.6%PE12.7x
CSNA3 Companhia Siderúrgica NacionalR$5.187.5%
+R$477.4m		-37.2%PS0.2x

Latest News

CMIN3
R$5.23
CSN Mineração
7D
21.3%
1Y
1.6%
VALE3
R$74.18
Vale
7D
-5.9%
1Y
32.5%
BRAP3
R$18.61
Bradespar
7D
-3.1%
1Y
20.8%
CSNA3
R$5.18
Companhia Siderúrgica Nacional
7D
7.5%
1Y
-37.2%
Narrative Update • Jun 26

CSNA3: Fair Outlook Will Reflect Index Exit And Thinner Margins

Analysts have reduced their fair value estimate for Companhia Siderúrgica Nacional from R$6.50 to R$5.00, citing updated assumptions that include more cautious views on revenue growth and profit margins, as well as a higher discount rate, which together point to a higher future P/E framework for the stock. What’s in the News for Companhia Siderúrgica Nacional Companhia Siderúrgica Nacional was removed from an index, according to a key developments update (source: Key Developments).