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

Canadian (TSX) Steel Industry Analysis

UpdatedMar 22, 2026
DataAggregated Company Financials
Companies10
  • 7D-0.6%
  • 3M-6.4%
  • 1Y3.4%
  • YTDn/a

Over the last 7 days, the Steel industry has remained flat, although notably Oceanic Iron Ore declined by 16%. The past year has been better, since the industry has gained 3.4% in that time. 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
Sun, 22 Mar 2026CA$2.7bCA$635.6mCA$117.8m8.6x22.5x4.2x
Tue, 17 Feb 2026CA$3.0bCA$652.5mCA$128.7m9.6x23.3x4.6x
Thu, 15 Jan 2026CA$2.9bCA$652.9mCA$129.0m8.5x22.8x4.5x
Sat, 13 Dec 2025CA$2.7bCA$652.9mCA$129.0m8.1x21x4.2x
Mon, 10 Nov 2025CA$2.6bCA$677.1mCA$114.0m6x22.7x3.8x
Wed, 08 Oct 2025CA$2.6bCA$675.2mCA$117.3m6.8x22.3x3.9x
Fri, 05 Sep 2025CA$2.5bCA$699.6mCA$132.4m6.8x18.9x3.6x
Sun, 03 Aug 2025CA$2.4bCA$718.5mCA$162.0m7.9x14.6x3.3x
Tue, 01 Jul 2025CA$2.5bCA$718.5mCA$162.0m7.3x15.2x3.4x
Thu, 29 May 2025CA$2.5bCA$771.2mCA$168.6m6.3x14.8x3.2x
Sat, 26 Apr 2025CA$2.5bCA$799.0mCA$209.2m6.5x11.8x3.1x
Mon, 24 Mar 2025CA$2.6bCA$1.0bCA$163.6m6.5x15.9x2.5x
Wed, 19 Feb 2025CA$2.7bCA$1.0bCA$185.2m6.6x14.8x2.6x
Fri, 17 Jan 2025CA$2.7bCA$1.0bCA$184.1m6.8x14.5x2.6x
Sun, 15 Dec 2024CA$2.7bCA$1.0bCA$175.9m5.9x15.6x2.6x
Tue, 12 Nov 2024CA$2.8bCA$1.0bCA$221.8m5.9x12.7x2.7x
Thu, 10 Oct 2024CA$6.6bCA$3.9bCA$415.0m8.1x16x1.7x
Sat, 07 Sep 2024CA$6.4bCA$3.9bCA$409.5m9.9x15.5x1.6x
Mon, 05 Aug 2024CA$6.8bCA$4.1bCA$480.2m8.9x14.1x1.7x
Wed, 03 Jul 2024CA$5.0bCA$4.1bCA$481.0m9.5x10.4x1.2x
Fri, 31 May 2024CA$5.4bCA$4.0bCA$464.1m8.9x11.6x1.3x
Sun, 28 Apr 2024CA$5.4bCA$4.0bCA$386.8m10.9x13.8x1.3x
Tue, 26 Mar 2024CA$5.2bCA$4.0bCA$379.8m9.5x13.7x1.3x
Thu, 22 Feb 2024CA$5.1bCA$4.0bCA$407.0m10.2x12.5x1.3x
Sat, 20 Jan 2024CA$5.4bCA$4.0bCA$407.0m9.4x13.3x1.3x
Mon, 18 Dec 2023CA$5.5bCA$4.0bCA$406.9m8.3x13.5x1.4x
Wed, 15 Nov 2023CA$5.0bCA$4.0bCA$403.7m8.7x12.4x1.2x
Fri, 13 Oct 2023CA$4.7bCA$4.1bCA$495.2m6.5x9.4x1.1x
Sun, 10 Sep 2023CA$4.8bCA$4.1bCA$495.3m7.3x9.7x1.2x
Tue, 08 Aug 2023CA$5.0bCA$4.3bCA$907.5m5.9x5.6x1.2x
Thu, 06 Jul 2023CA$5.0bCA$4.3bCA$955.7m3.8x5.3x1.2x
Sat, 03 Jun 2023CA$5.0bCA$4.3bCA$952.3m4.8x5.2x1.2x
Mon, 01 May 2023CA$5.2bCA$4.5bCA$1.2b4.8x4.2x1.1x
Wed, 29 Mar 2023CA$5.4bCA$4.5bCA$1.3b5x4.2x1.2x
Price to Earnings Ratio

4.2x


Total Market Cap: CA$5.4bTotal 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-3.67%
Materials-13.65%
Metals and Mining-14.40%
Steel-0.62%
Aluminum0%0
Diversified Metals and Mining-12.32%
Copper-13.14%
Gold-14.77%
Precious Metals and Minerals-16.79%
Silver-18.86%
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$2.701.5%
+CA$7.4m		86.2%PB23.5x
DRX ADF GroupCA$8.780.7%
+CA$1.7m		16.4%PE8.6x
RXM Rockex MiningCA$0.03516.7%
+CA$668.4k		n/aPE-5.9x

Latest News

LIF
CA$27.27
Labrador Iron Ore Royalty
7D
-1.1%
1Y
-9.6%
TSL
CA$2.62
Tree Island Steel
7D
-2.6%
1Y
2.7%
MOX
CA$0.21
Morien Resources
7D
-2.3%
1Y
-24.6%
FEO
CA$0.76
Oceanic Iron Ore
7D
-16.5%
1Y
334.3%
CAF
CA$0.33
Canaf Investments
7D
-9.7%
1Y
9.2%
HTRC
CA$0.27
High Tide Resources
7D
-6.9%
1Y
671.4%
DRX
CA$8.78
ADF Group
7D
0.7%
1Y
16.4%
RXM
CA$0.035
Rockex Mining
7D
16.7%
1Y
n/a
BKI
CA$0.10
Black Iron
7D
-4.5%
1Y
-30.0%

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

Nov 06
Will Black Iron (TSE:BKI) Spend Its Cash Wisely?
CAD
CA$2.70
Colonial Coal International
7D
1.5%
1Y
86.2%