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Canadian (TSX) Steel Industry Analysis

UpdatedMar 24, 2026
DataAggregated Company Financials
Companies10
  • 7D0.4%
  • 3M-4.0%
  • 1Y5.3%
  • YTDn/a

In the last week, the Steel industry is flat overall, with Oceanic Iron Ore standing out by going down 3.4%. As for the the longer term, the industry is up 5.3% over the past 12 months. Looking forward, earnings are forecast to grow by 7.9% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 25 Mar 2026CA$2.7bCA$635.6mCA$117.8m8.9x22.5x4.2x
Fri, 20 Feb 2026CA$3.0bCA$652.5mCA$128.7m9.8x23.6x4.7x
Sun, 18 Jan 2026CA$2.9bCA$652.9mCA$129.0m8.6x22.7x4.5x
Tue, 16 Dec 2025CA$2.7bCA$652.9mCA$129.0m7.9x21.1x4.2x
Thu, 13 Nov 2025CA$2.7bCA$677.7mCA$114.1m6.2x23.2x3.9x
Sat, 11 Oct 2025CA$2.6bCA$675.2mCA$117.3m6.5x22.5x3.9x
Mon, 08 Sep 2025CA$2.5bCA$699.6mCA$132.4m6.9x19.2x3.6x
Wed, 06 Aug 2025CA$2.4bCA$718.5mCA$162.0m7.7x14.6x3.3x
Fri, 04 Jul 2025CA$2.5bCA$718.5mCA$162.0m7.2x15.2x3.4x
Sun, 01 Jun 2025CA$2.5bCA$771.2mCA$168.6m5.9x14.8x3.2x
Tue, 29 Apr 2025CA$2.5bCA$799.0mCA$211.1m6x11.7x3.1x
Thu, 27 Mar 2025CA$2.7bCA$1.0bCA$164.0m6.5x16.2x2.6x
Sat, 22 Feb 2025CA$2.7bCA$1.0bCA$185.2m6.5x14.7x2.6x
Mon, 20 Jan 2025CA$2.8bCA$1.0bCA$183.8m7x15.1x2.7x
Wed, 18 Dec 2024CA$2.8bCA$1.0bCA$175.6m5.8x15.8x2.7x
Fri, 15 Nov 2024CA$2.7bCA$1.1bCA$222.0m5.9x12.2x2.6x
Sun, 13 Oct 2024CA$6.7bCA$3.9bCA$415.0m8.1x16.2x1.7x
Tue, 10 Sep 2024CA$6.4bCA$3.9bCA$409.5m10x15.6x1.6x
Thu, 08 Aug 2024CA$6.7bCA$4.1bCA$488.4m8.4x13.7x1.6x
Sat, 06 Jul 2024CA$5.0bCA$4.1bCA$481.0m9.3x10.4x1.2x
Mon, 03 Jun 2024CA$5.4bCA$4.0bCA$464.1m9x11.7x1.3x
Wed, 01 May 2024CA$5.3bCA$4.0bCA$387.0m10.8x13.7x1.3x
Fri, 29 Mar 2024CA$5.2bCA$4.0bCA$379.7m10x13.8x1.3x
Sun, 25 Feb 2024CA$5.2bCA$4.0bCA$359.0m10.6x14.4x1.3x
Tue, 23 Jan 2024CA$5.3bCA$4.0bCA$407.0m9.5x13.1x1.3x
Thu, 21 Dec 2023CA$5.6bCA$4.0bCA$406.9m8.8x13.8x1.4x
Sat, 18 Nov 2023CA$5.1bCA$4.0bCA$403.8m8.7x12.7x1.3x
Mon, 16 Oct 2023CA$4.5bCA$4.1bCA$495.2m6.5x9.1x1.1x
Wed, 13 Sep 2023CA$4.8bCA$4.1bCA$495.4m7.1x9.8x1.2x
Fri, 11 Aug 2023CA$4.8bCA$4.1bCA$485.1m7.4x9.8x1.2x
Sun, 09 Jul 2023CA$5.1bCA$4.3bCA$955.7m3.8x5.3x1.2x
Tue, 06 Jun 2023CA$5.0bCA$4.3bCA$952.3m4.8x5.2x1.2x
Thu, 04 May 2023CA$5.1bCA$4.5bCA$1.2b4.9x4.1x1.1x
Sat, 01 Apr 2023CA$5.6bCA$4.5bCA$1.3b5.2x4.4x1.2x
Price to Earnings Ratio

4.4x


Total Market Cap: CA$5.6bTotal Earnings: CA$1.3bTotal Revenue: CA$4.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Steel Industry Price to Earnings3Y Average 14x202420252026
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 22.5x which is higher than its 3-year average PE of 14.0x.
  • The 3-year average PS ratio of 2.3x is lower than the industry's current PS ratio of 4.2x.
Past Earnings Growth
  • The earnings for companies in the Steel industry have declined 55% per year over the last three years,
  • Revenues have also declined 48% 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 Market-2.96%
Materials-11.27%
Metals and Mining-11.43%
Steel0.36%
Aluminum0%0
Diversified Metals and Mining-8.30%
Copper-8.53%
Precious Metals and Minerals-12.35%
Gold-12.35%
Silver-14.12%
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
DRX ADF GroupCA$9.515.1%
+CA$13.1m		25.6%PE9.3x
RXM Rockex MiningCA$0.03540.0%
+CA$1.3m		n/aPE-5.9x

Latest News

DRX
CA$9.51
ADF Group
7D
5.1%
1Y
25.6%
LIF
CA$28.22
Labrador Iron Ore Royalty
7D
-0.7%
1Y
-8.2%
MOX
CA$0.23
Morien Resources
7D
-8.2%
1Y
-16.7%
FEO
CA$0.81
Oceanic Iron Ore
7D
-8.0%
1Y
350.0%
CAF
CA$0.32
Canaf Investments
7D
-5.9%
1Y
-3.0%
RXM
CA$0.035
Rockex Mining
7D
40.0%
1Y
n/a
BKI
CA$0.10
Black Iron
7D
-8.7%
1Y
-32.3%

Will Black Iron (TSE:BKI) Spend Its Cash Wisely?

Nov 06
Will Black Iron (TSE:BKI) Spend Its Cash Wisely?
CAD
CA$2.84
Colonial Coal International
7D
-2.7%
1Y
90.6%