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Canadian (TSX) Steel Industry Analysis

UpdatedFeb 07, 2026
DataAggregated Company Financials
Companies10
  • 7D0.5%
  • 3M16.4%
  • 1Y7.0%
  • YTDn/a

The Steel is pretty flat in the last 7 days, but Oceanic Iron Ore has stood out, gaining 23%. As for the the longer term, the industry is up 7.0% over the past 12 months. As for the next few years, earnings are expected to grow by 6.1% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 07 Feb 2026CA$2.9bCA$652.9mCA$129.0m9.4x22.1x4.4x
Mon, 05 Jan 2026CA$2.8bCA$652.9mCA$129.0m9.3x21.9x4.3x
Wed, 03 Dec 2025CA$2.7bCA$661.4mCA$135.0m6.6x19.7x4x
Fri, 31 Oct 2025CA$2.6bCA$675.2mCA$117.3m6.2x21.9x3.8x
Sun, 28 Sep 2025CA$2.6bCA$675.2mCA$117.3m6.9x21.9x3.8x
Tue, 26 Aug 2025CA$2.5bCA$699.6mCA$132.6m7.4x18.5x3.5x
Thu, 24 Jul 2025CA$2.5bCA$718.5mCA$162.0m7.2x15.4x3.5x
Sat, 21 Jun 2025CA$2.5bCA$719.4mCA$162.0m6.7x15.3x3.5x
Mon, 19 May 2025CA$2.5bCA$771.2mCA$173.2m6.4x14.3x3.2x
Wed, 16 Apr 2025CA$2.3bCA$799.0mCA$209.2m6.1x11.2x2.9x
Fri, 14 Mar 2025CA$2.5bCA$1.0bCA$164.7m6.4x15.5x2.4x
Sun, 09 Feb 2025CA$2.7bCA$1.0bCA$184.4m7x14.9x2.6x
Tue, 07 Jan 2025CA$2.7bCA$1.0bCA$183.9m6.3x14.8x2.6x
Thu, 05 Dec 2024CA$2.8bCA$1.0bCA$171.2m5.8x16.4x2.7x
Sat, 02 Nov 2024CA$6.6bCA$3.9bCA$414.4m10.2x15.9x1.7x
Mon, 30 Sep 2024CA$6.6bCA$3.9bCA$415.1m8.1x16x1.7x
Wed, 28 Aug 2024CA$6.6bCA$3.9bCA$433.1m8.1x15.2x1.7x
Fri, 26 Jul 2024CA$6.6bCA$4.1bCA$481.2m8.8x13.8x1.6x
Sun, 23 Jun 2024CA$5.0bCA$4.1bCA$481.0m9.4x10.3x1.2x
Tue, 21 May 2024CA$5.5bCA$4.1bCA$473.3m10x11.6x1.3x
Thu, 18 Apr 2024CA$5.3bCA$4.0bCA$388.1m10.9x13.6x1.3x
Sat, 16 Mar 2024CA$5.0bCA$4.0bCA$379.5m9.8x13.2x1.3x
Mon, 12 Feb 2024CA$5.0bCA$4.0bCA$406.9m9.8x12.4x1.3x
Wed, 10 Jan 2024CA$5.5bCA$4.0bCA$406.9m9.5x13.5x1.4x
Fri, 08 Dec 2023CA$5.1bCA$4.0bCA$407.2m7.4x12.6x1.3x
Sun, 05 Nov 2023CA$4.8bCA$4.1bCA$499.8m6.4x9.5x1.2x
Tue, 03 Oct 2023CA$4.9bCA$4.1bCA$495.2m7x9.8x1.2x
Thu, 31 Aug 2023CA$4.9bCA$4.1bCA$489.9m7.5x10x1.2x
Sat, 29 Jul 2023CA$5.3bCA$4.3bCA$944.4m5.5x5.6x1.2x
Mon, 26 Jun 2023CA$4.9bCA$4.3bCA$955.8m4.9x5.1x1.1x
Wed, 24 May 2023CA$4.9bCA$4.3bCA$953.7m4.7x5.2x1.1x
Fri, 21 Apr 2023CA$5.4bCA$4.5bCA$1.2b5.3x4.4x1.2x
Sun, 19 Mar 2023CA$5.6bCA$4.5bCA$1.3b5.1x4.4x1.2x
Tue, 14 Feb 2023CA$5.8bCA$5.1bCA$1.9b6.6x3.1x1.1x
Price to Earnings Ratio

3.1x


Total Market Cap: CA$5.8bTotal Earnings: CA$1.9bTotal Revenue: CA$5.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Steel Industry Price to Earnings3Y Average 13.2x202420252026
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 22.1x which is higher than its 3-year average PE of 13.2x.
  • The 3-year average PS ratio of 2.2x is lower than the industry's current PS ratio of 4.4x.
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 Market2.07%
Materials1.49%
Metals and Mining1.39%
Steel0.47%
Silver3.23%
Gold1.95%
Diversified Metals and Mining0.68%
Precious Metals and Minerals0.66%
Aluminum0%0
Copper-2.00%
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
FEO Oceanic Iron OreCA$0.9523.4%
+CA$27.6m		331.8%PE-1.4x
DRX ADF GroupCA$9.537.8%
+CA$19.7m		7.6%PE9.4x
RXM Rockex MiningCA$0.055120.0%
+CA$4.0m		266.7%PE-9.3x
BKI Black IronCA$0.143.7%
+CA$1.5m		-17.6%PE-15.5x
CAF Canaf InvestmentsCA$0.375.7%
+CA$948.5k		5.7%PE7.1x

Latest News

HTRC
CA$0.21
High Tide Resources
7D
5.0%
1Y
320.0%
LIF
CA$29.49
Labrador Iron Ore Royalty
7D
-0.1%
1Y
-4.3%
DRX
CA$9.53
ADF Group
7D
7.8%
1Y
7.6%
FEO
CA$0.95
Oceanic Iron Ore
7D
23.4%
1Y
331.8%
RXM
CA$0.055
Rockex Mining
7D
120.0%
1Y
266.7%
CNT
CA$0.04
Century Global Commodities
7D
-11.1%
1Y
60.0%

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BKI
CA$0.14
Black Iron
7D
3.7%
1Y
-17.6%

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Nov 06
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CAD
CA$3.14
Colonial Coal International
7D
-1.6%
1Y
93.8%
CAF
CA$0.37
Canaf Investments
7D
5.7%
1Y
5.7%