Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Canadian (TSX) Steel Industry Analysis

UpdatedJan 10, 2026
DataAggregated Company Financials
Companies10
  • 7D5.2%
  • 3M21.1%
  • 1Y11.8%
  • YTDn/a

In the last week, the Steel industry is up 3.4%, with Labrador Iron Ore Royalty leading the way, up 2.7%. In the same time, Tree Island Steel was down 8.8%. This means that the industry has gained 11% over the past year. Earnings are forecast to grow by 8.3% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 10 Jan 2026CA$2.9bCA$652.9mCA$129.0m9x22.5x4.5x
Mon, 08 Dec 2025CA$2.7bCA$661.4mCA$135.1m6.4x19.9x4.1x
Wed, 05 Nov 2025CA$2.6bCA$675.2mCA$117.2m6x22.2x3.9x
Fri, 03 Oct 2025CA$2.6bCA$675.2mCA$117.3m6.8x21.8x3.8x
Sun, 31 Aug 2025CA$2.5bCA$699.6mCA$132.4m6.9x18.6x3.5x
Tue, 29 Jul 2025CA$2.5bCA$718.5mCA$162.0m7.5x15.5x3.5x
Thu, 26 Jun 2025CA$2.5bCA$718.6mCA$162.1m7x15.2x3.4x
Sat, 24 May 2025CA$2.5bCA$771.2mCA$173.3m6.2x14.3x3.2x
Mon, 21 Apr 2025CA$2.3bCA$799.0mCA$209.2m6.2x11.1x2.9x
Wed, 19 Mar 2025CA$2.6bCA$1.0bCA$163.7m6.6x15.9x2.5x
Fri, 14 Feb 2025CA$2.7bCA$1.0bCA$184.4m6.6x14.7x2.6x
Sun, 12 Jan 2025CA$2.7bCA$1.0bCA$183.9m6.8x14.7x2.6x
Tue, 10 Dec 2024CA$2.8bCA$1.0bCA$170.9m5.9x16.2x2.7x
Thu, 07 Nov 2024CA$2.8bCA$1.1bCA$221.8m6.2x12.7x2.7x
Sat, 05 Oct 2024CA$6.7bCA$3.9bCA$415.1m7.9x16.1x1.7x
Mon, 02 Sep 2024CA$6.6bCA$3.9bCA$409.6m8.8x16.2x1.7x
Wed, 31 Jul 2024CA$6.7bCA$4.1bCA$481.2m9x14x1.7x
Fri, 28 Jun 2024CA$5.1bCA$4.1bCA$481.0m9.8x10.6x1.3x
Sun, 26 May 2024CA$5.5bCA$4.1bCA$473.4m10x11.7x1.4x
Tue, 23 Apr 2024CA$5.3bCA$4.0bCA$388.0m10.8x13.5x1.3x
Thu, 21 Mar 2024CA$5.1bCA$4.0bCA$379.4m9.7x13.6x1.3x
Sat, 17 Feb 2024CA$5.0bCA$4.0bCA$407.0m10.3x12.4x1.3x
Mon, 15 Jan 2024CA$5.5bCA$4.0bCA$406.9m9.2x13.5x1.4x
Wed, 13 Dec 2023CA$5.2bCA$4.0bCA$407.2m8.2x12.9x1.3x
Fri, 10 Nov 2023CA$4.7bCA$4.0bCA$410.0m6.9x11.4x1.2x
Sun, 08 Oct 2023CA$4.8bCA$4.1bCA$495.2m7.1x9.6x1.2x
Tue, 05 Sep 2023CA$5.0bCA$4.1bCA$490.3m7.6x10.1x1.2x
Thu, 03 Aug 2023CA$5.1bCA$4.3bCA$944.1m6x5.4x1.2x
Sat, 01 Jul 2023CA$5.0bCA$4.3bCA$955.8m3.8x5.3x1.2x
Mon, 29 May 2023CA$5.0bCA$4.3bCA$953.7m4.5x5.2x1.2x
Wed, 26 Apr 2023CA$5.2bCA$4.5bCA$1.2b5.2x4.2x1.2x
Fri, 24 Mar 2023CA$5.5bCA$4.5bCA$1.3b5.1x4.4x1.2x
Sun, 19 Feb 2023CA$5.8bCA$5.1bCA$1.9b6.2x3.1x1.1x
Tue, 17 Jan 2023CA$5.7bCA$5.1bCA$1.9b6x3.1x1.1x
Price to Earnings Ratio

3.1x


Total Market Cap: CA$5.7bTotal Earnings: CA$1.9bTotal Revenue: CA$5.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Steel Industry Price to Earnings3Y Average 12.7x202420252026
Current Industry PE
  • Investors are optimistic on the Canadian Steel industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 22.6x which is higher than its 3-year average PE of 12.7x.
  • The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 4.5x.
Past Earnings Growth
  • The earnings for companies in the Steel industry have declined 59% per year over the last three years,
  • Revenues have also declined 49% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Comparison

How does Canadian Steel compare with similar industries?

CA Market1.91%
Materials7.40%
Metals and Mining8.09%
Steel5.19%
Silver11.17%
Gold8.56%
Copper6.58%
Diversified Metals and Mining6.49%
Precious Metals and Minerals5.12%
Aluminum0%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
LIF Labrador Iron Ore RoyaltyCA$30.875.4%
+CA$101.8m		4.7%PE17.9x
CAD Colonial Coal InternationalCA$3.0811.2%
+CA$56.6m		75.0%PB28.3x
FEO Oceanic Iron OreCA$0.757.1%
+CA$7.7m		194.1%PE-1.1x
HTRC High Tide ResourcesCA$0.2011.4%
+CA$1.7m		550.0%PE-39.6x
CAF Canaf InvestmentsCA$0.3710.4%
+CA$1.7m		8.8%PE7.1x

Latest News

DRX
CA$9.19
ADF Group
7D
-2.5%
1Y
3.8%

A Piece Of The Puzzle Missing From ADF Group Inc.'s (TSE:DRX) 25% Share Price Climb

Dec 21
A Piece Of The Puzzle Missing From ADF Group Inc.'s (TSE:DRX) 25% Share Price Climb
MOX
CA$0.23
Morien Resources
7D
-8.2%
1Y
-6.3%
TSL
CA$2.69
Tree Island Steel
7D
-5.9%
1Y
-11.5%
LIF
CA$30.87
Labrador Iron Ore Royalty
7D
5.4%
1Y
4.7%
HTRC
CA$0.20
High Tide Resources
7D
11.4%
1Y
550.0%
FEO
CA$0.75
Oceanic Iron Ore
7D
7.1%
1Y
194.1%
CNT
CA$0.045
Century Global Commodities
7D
-10.0%
1Y
50.0%

Improved Revenues Required Before Century Global Commodities Corporation (TSE:CNT) Stock's 38% Jump Looks Justified

Nov 12
Improved Revenues Required Before Century Global Commodities Corporation (TSE:CNT) Stock's 38% Jump Looks Justified
CAD
CA$3.08
Colonial Coal International
7D
11.2%
1Y
75.0%
CAF
CA$0.37
Canaf Investments
7D
10.4%
1Y
8.8%