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Canadian (TSX) Steel Industry Analysis

UpdatedApr 07, 2026
DataAggregated Company Financials
Companies11
  • 7D3.5%
  • 3M-2.5%
  • 1Y25.2%
  • YTDn/a

In the last week, the Steel industry is up 3.5%, with Colonial Coal International up 4.2%. In the same time, Clinch Resources was down 6.3%. This takes the industry's 12 month performance to a gain of 25%. Earnings are forecast to grow by 32% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 08 Apr 2026CA$3.4bCA$633.4mCA$117.6m9.3x29x5.4x
Fri, 06 Mar 2026CA$3.0bCA$652.0mCA$128.6m9.8x23.5x4.6x
Sun, 01 Feb 2026CA$2.9bCA$652.9mCA$129.0m8.7x22.4x4.4x
Tue, 30 Dec 2025CA$2.9bCA$652.9mCA$129.0m8.9x22.3x4.4x
Thu, 27 Nov 2025CA$2.6bCA$661.4mCA$129.8m6.4x20x3.9x
Sat, 25 Oct 2025CA$2.6bCA$675.2mCA$117.3m6.2x22.1x3.8x
Mon, 22 Sep 2025CA$2.6bCA$675.2mCA$117.3m7x21.8x3.8x
Wed, 20 Aug 2025CA$2.4bCA$699.6mCA$137.9m7.7x17.6x3.5x
Fri, 18 Jul 2025CA$2.4bCA$718.5mCA$162.0m7x15x3.4x
Sun, 15 Jun 2025CA$2.5bCA$719.4mCA$162.1m6.9x15.2x3.4x
Tue, 13 May 2025CA$2.5bCA$771.2mCA$173.2m6.3x14.2x3.2x
Thu, 10 Apr 2025CA$2.2bCA$810.0mCA$210.5m5.8x10.6x2.8x
Sat, 08 Mar 2025CA$2.6bCA$1.0bCA$184.6m6.4x14.3x2.5x
Mon, 03 Feb 2025CA$2.7bCA$1.0bCA$183.6m7.8x14.7x2.6x
Wed, 01 Jan 2025CA$2.7bCA$1.0bCA$175.4m6.2x15.4x2.6x
Fri, 29 Nov 2024CA$2.7bCA$1.0bCA$172.9m5.5x15.9x2.6x
Sun, 27 Oct 2024CA$6.6bCA$3.9bCA$414.5m7.7x15.9x1.7x
Tue, 24 Sep 2024CA$6.5bCA$3.9bCA$415.0m7.9x15.7x1.7x
Thu, 22 Aug 2024CA$6.5bCA$3.9bCA$436.3m8.8x15x1.7x
Sat, 20 Jul 2024CA$6.6bCA$4.1bCA$481.1m8.9x13.8x1.6x
Mon, 17 Jun 2024CA$5.1bCA$4.1bCA$481.0m9.2x10.6x1.3x
Wed, 15 May 2024CA$5.5bCA$4.1bCA$473.4m10x11.6x1.4x
Fri, 12 Apr 2024CA$5.3bCA$4.0bCA$387.9m10.3x13.6x1.3x
Sun, 10 Mar 2024CA$5.3bCA$4.0bCA$359.5m11x14.6x1.3x
Tue, 06 Feb 2024CA$5.1bCA$4.0bCA$407.1m10.3x12.6x1.3x
Thu, 04 Jan 2024CA$5.6bCA$4.0bCA$406.9m9.3x13.7x1.4x
Sat, 02 Dec 2023CA$5.2bCA$4.0bCA$398.8m8.7x13x1.3x
Mon, 30 Oct 2023CA$4.7bCA$4.1bCA$496.5m7x9.5x1.1x
Wed, 27 Sep 2023CA$4.8bCA$4.1bCA$495.5m6.9x9.7x1.2x
Fri, 25 Aug 2023CA$4.8bCA$4.1bCA$485.2m7.5x9.9x1.2x
Sun, 23 Jul 2023CA$5.1bCA$4.3bCA$955.9m3.8x5.3x1.2x
Tue, 20 Jun 2023CA$5.1bCA$4.3bCA$953.9m4.8x5.3x1.2x
Thu, 18 May 2023CA$5.1bCA$4.3bCA$953.3m4.7x5.4x1.2x
Sat, 15 Apr 2023CA$5.5bCA$4.5bCA$1.2b5.6x4.4x1.2x
Price to Earnings Ratio

4.4x


Total Market Cap: CA$5.5bTotal Earnings: CA$1.2bTotal Revenue: CA$4.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Steel Industry Price to Earnings3Y Average 14.3x202420252026
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 29.0x which is higher than its 3-year average PE of 14.3x.
  • The 3-year average PS ratio of 2.3x is lower than the industry's current PS ratio of 5.4x.
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 Market3.67%
Materials8.71%
Metals and Mining9.77%
Steel3.50%
Copper13.93%
Silver11.44%
Precious Metals and Minerals10.27%
Gold9.55%
Diversified Metals and Mining8.24%
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
CAD Colonial Coal InternationalCA$2.744.2%
+CA$20.4m		130.3%PB23.9x
LIF Labrador Iron Ore RoyaltyCA$29.540.8%
+CA$14.1m		12.5%PE18.8x
HTRC High Tide ResourcesCA$0.4033.3%
+CA$12.1m		788.9%PE-94.1x
DRX ADF GroupCA$9.471.6%
+CA$4.3m		41.1%PE9.3x
RXM Rockex MiningCA$0.0414.3%
+CA$668.4k		n/aPE-6.8x

Latest News

DRX
CA$9.47
ADF Group
7D
1.6%
1Y
41.1%
RXM
CA$0.04
Rockex Mining
7D
14.3%
1Y
n/a
BKI
CA$0.095
Black Iron
7D
-9.5%
1Y
0%
HTRC
CA$0.40
High Tide Resources
7D
33.3%
1Y
788.9%
LIF
CA$29.54
Labrador Iron Ore Royalty
7D
0.8%
1Y
12.5%
TSL
CA$2.59
Tree Island Steel
7D
-0.4%
1Y
4.4%
MOX
CA$0.21
Morien Resources
7D
-2.3%
1Y
-21.8%
FEO
CA$0.84
Oceanic Iron Ore
7D
-3.4%
1Y
425.0%
CAF
CA$0.33
Canaf Investments
7D
1.6%
1Y
10.2%
CAD
CA$2.74
Colonial Coal International
7D
4.2%
1Y
130.3%