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Canadian (TSX) Steel Industry Analysis

UpdatedFeb 22, 2026
DataAggregated Company Financials
Companies10
  • 7D2.4%
  • 3M18.8%
  • 1Y15.0%
  • YTDn/a

The Steel industry is up 2.4% in the last week, with Labrador Iron Ore Royalty up 2.5%. This means that the industry has gained 15% over the past year. Earnings are forecast to grow by 6.7% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 22 Feb 2026CA$3.1bCA$652.5mCA$128.7m10.4x23.8x4.7x
Tue, 20 Jan 2026CA$2.9bCA$652.9mCA$129.0m8.6x22.7x4.5x
Thu, 18 Dec 2025CA$2.7bCA$652.9mCA$129.0m7.9x21.1x4.2x
Sat, 15 Nov 2025CA$2.6bCA$677.7mCA$114.1m6x23x3.9x
Mon, 13 Oct 2025CA$2.6bCA$675.2mCA$117.3m6.5x22.1x3.8x
Wed, 10 Sep 2025CA$2.6bCA$699.6mCA$132.4m7.3x19.4x3.7x
Fri, 08 Aug 2025CA$2.4bCA$718.5mCA$162.0m7.5x14.8x3.3x
Sun, 06 Jul 2025CA$2.5bCA$718.5mCA$162.0m7.2x15.2x3.4x
Tue, 03 Jun 2025CA$2.5bCA$771.2mCA$168.5m6x14.8x3.2x
Thu, 01 May 2025CA$2.5bCA$799.0mCA$211.1m6x11.9x3.1x
Sat, 29 Mar 2025CA$2.6bCA$1.0bCA$163.9m6.3x15.8x2.5x
Mon, 24 Feb 2025CA$2.7bCA$1.0bCA$185.1m6.5x14.7x2.6x
Wed, 22 Jan 2025CA$2.8bCA$1.0bCA$184.3m7.2x15.1x2.7x
Fri, 20 Dec 2024CA$2.7bCA$1.0bCA$175.3m5.8x15.5x2.6x
Sun, 17 Nov 2024CA$2.7bCA$1.1bCA$222.0m6x12.2x2.6x
Tue, 15 Oct 2024CA$6.7bCA$3.9bCA$415.0m8.1x16.2x1.7x
Thu, 12 Sep 2024CA$6.5bCA$3.9bCA$409.5m8.7x15.8x1.7x
Sat, 10 Aug 2024CA$6.6bCA$3.9bCA$436.5m8.7x15.2x1.7x
Mon, 08 Jul 2024CA$5.0bCA$4.1bCA$481.0m9.3x10.3x1.2x
Wed, 05 Jun 2024CA$5.3bCA$4.0bCA$471.3m9.5x11.3x1.3x
Fri, 03 May 2024CA$5.2bCA$4.0bCA$388.5m10.8x13.3x1.3x
Sun, 31 Mar 2024CA$5.3bCA$4.0bCA$379.7m10x13.9x1.3x
Tue, 27 Feb 2024CA$5.1bCA$4.0bCA$359.5m10.6x14.2x1.3x
Thu, 25 Jan 2024CA$5.4bCA$4.0bCA$407.1m9.5x13.2x1.3x
Sat, 23 Dec 2023CA$5.6bCA$4.0bCA$406.8m9x13.8x1.4x
Mon, 20 Nov 2023CA$5.2bCA$4.0bCA$403.8m8.7x12.9x1.3x
Wed, 18 Oct 2023CA$4.6bCA$4.1bCA$495.3m6.7x9.2x1.1x
Fri, 15 Sep 2023CA$4.8bCA$4.1bCA$495.5m7.1x9.7x1.2x
Sun, 13 Aug 2023CA$4.7bCA$4.1bCA$485.2m7.4x9.8x1.2x
Tue, 11 Jul 2023CA$5.1bCA$4.3bCA$955.7m3.8x5.4x1.2x
Thu, 08 Jun 2023CA$5.0bCA$4.3bCA$953.5m4.6x5.3x1.2x
Sat, 06 May 2023CA$5.0bCA$4.5bCA$1.2b4.9x4.2x1.1x
Mon, 03 Apr 2023CA$5.6bCA$4.5bCA$1.3b5.2x4.4x1.2x
Wed, 01 Mar 2023CA$6.0bCA$4.6bCA$1.4b6.2x4.4x1.3x
Price to Earnings Ratio

4.4x


Total Market Cap: CA$6.0bTotal Earnings: CA$1.4bTotal Revenue: CA$4.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Steel Industry Price to Earnings3Y Average 13.5x202420252026
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 23.8x which is higher than its 3-year average PE of 13.5x.
  • The 3-year average PS ratio of 2.2x is lower than the industry's current PS ratio of 4.7x.
Past Earnings Growth
  • The earnings for companies in the Steel industry have declined 54% 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 Market1.50%
Materials2.61%
Metals and Mining2.79%
Steel2.36%
Silver11.01%
Precious Metals and Minerals6.87%
Copper4.14%
Gold2.88%
Aluminum0%0
Diversified Metals and Mining-0.64%
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$30.982.5%
+CA$48.0m		0.6%PE18x
DRX ADF GroupCA$10.538.1%
+CA$22.6m		35.3%PE10.4x
HTRC High Tide ResourcesCA$0.2312.2%
+CA$2.2m		475.0%PE-47.1x
CAD Colonial Coal InternationalCA$3.350%
CA$887.8k		98.2%PB31x
TSL Tree Island SteelCA$2.700.7%
+CA$518.1k		-6.9%PS0.4x

Latest News

TSL
CA$2.70
Tree Island Steel
7D
0.7%
1Y
-6.9%
FEO
CA$0.93
Oceanic Iron Ore
7D
-3.1%
1Y
431.4%
HTRC
CA$0.23
High Tide Resources
7D
12.2%
1Y
475.0%
LIF
CA$30.98
Labrador Iron Ore Royalty
7D
2.5%
1Y
0.6%
DRX
CA$10.53
ADF Group
7D
8.1%
1Y
35.3%
MOX
CA$0.20
Morien Resources
7D
2.6%
1Y
-23.5%
BKI
CA$0.14
Black Iron
7D
-6.9%
1Y
-15.6%

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

Nov 06
Will Black Iron (TSE:BKI) Spend Its Cash Wisely?
CAD
CA$3.35
Colonial Coal International
7D
0%
1Y
98.2%
CAF
CA$0.35
Canaf Investments
7D
1.4%
1Y
9.2%