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Canadian (TSX) Steel Industry Analysis

UpdatedApr 10, 2026
DataAggregated Company Financials
Companies11
  • 7D-0.5%
  • 3M-2.3%
  • 1Y30.8%
  • YTDn/a

The Steel is pretty flat in the last 7 days, but ADF Group has stood out, gaining 20%. As for the the longer term, the industry is up 31% over the past 12 months. As for the next few years, earnings are expected to grow by 23% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 10 Apr 2026CA$3.5bCA$633.4mCA$117.7m11x29.5x5.5x
Sun, 08 Mar 2026CA$2.9bCA$652.0mCA$126.7m9.4x22.9x4.4x
Tue, 03 Feb 2026CA$2.9bCA$652.9mCA$129.0m9.6x22.4x4.4x
Thu, 01 Jan 2026CA$2.9bCA$652.9mCA$129.0m9.1x22.2x4.4x
Sat, 29 Nov 2025CA$2.6bCA$661.4mCA$134.8m6.6x19.4x4x
Mon, 27 Oct 2025CA$2.6bCA$675.2mCA$117.3m6.2x21.9x3.8x
Wed, 24 Sep 2025CA$2.6bCA$675.2mCA$117.3m6.8x21.8x3.8x
Fri, 22 Aug 2025CA$2.4bCA$699.6mCA$137.9m7x17.4x3.4x
Sun, 20 Jul 2025CA$2.4bCA$718.5mCA$162.0m7.1x14.9x3.4x
Tue, 17 Jun 2025CA$2.5bCA$719.4mCA$162.1m6.9x15.2x3.4x
Thu, 15 May 2025CA$2.5bCA$771.2mCA$173.2m6.2x14.4x3.2x
Sat, 12 Apr 2025CA$2.2bCA$799.0mCA$209.2m5.9x10.7x2.8x
Mon, 10 Mar 2025CA$2.7bCA$1.0bCA$184.4m6.4x14.4x2.6x
Wed, 05 Feb 2025CA$2.7bCA$1.0bCA$183.5m7.1x14.7x2.6x
Fri, 03 Jan 2025CA$2.7bCA$1.0bCA$184.0m6.2x14.5x2.6x
Sun, 01 Dec 2024CA$2.8bCA$1.0bCA$171.4m5.8x16.1x2.7x
Tue, 29 Oct 2024CA$6.6bCA$3.9bCA$414.5m7.9x15.9x1.7x
Thu, 26 Sep 2024CA$6.6bCA$3.9bCA$415.0m8.1x16x1.7x
Sat, 24 Aug 2024CA$6.5bCA$3.9bCA$433.2m8.2x15.1x1.7x
Mon, 22 Jul 2024CA$6.6bCA$4.1bCA$481.1m8.9x13.8x1.6x
Wed, 19 Jun 2024CA$5.1bCA$4.1bCA$481.0m9.2x10.6x1.3x
Fri, 17 May 2024CA$5.5bCA$4.1bCA$473.3m9.9x11.7x1.4x
Sun, 14 Apr 2024CA$5.3bCA$4.0bCA$388.1m10.6x13.7x1.3x
Tue, 12 Mar 2024CA$5.2bCA$4.0bCA$359.5m10.8x14.3x1.3x
Thu, 08 Feb 2024CA$5.1bCA$4.0bCA$407.0m10.2x12.5x1.3x
Sat, 06 Jan 2024CA$5.5bCA$4.0bCA$406.9m9.2x13.6x1.4x
Mon, 04 Dec 2023CA$5.3bCA$4.0bCA$398.8m8.7x13.2x1.3x
Wed, 01 Nov 2023CA$4.8bCA$4.1bCA$496.5m7.5x9.7x1.2x
Fri, 29 Sep 2023CA$4.8bCA$4.1bCA$495.3m7.1x9.7x1.2x
Sun, 27 Aug 2023CA$4.8bCA$4.1bCA$485.1m7.4x9.9x1.2x
Tue, 25 Jul 2023CA$5.1bCA$4.3bCA$956.0m3.8x5.4x1.2x
Thu, 22 Jun 2023CA$5.1bCA$4.3bCA$955.9m4.9x5.3x1.2x
Sat, 20 May 2023CA$5.0bCA$4.3bCA$953.7m4.7x5.3x1.2x
Mon, 17 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 14.4x202420252026
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 29.5x which is higher than its 3-year average PE of 14.4x.
  • The 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 5.5x.
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 Market1.31%
Materials2.35%
Metals and Mining2.85%
Steel-0.52%
Copper7.25%
Diversified Metals and Mining3.85%
Precious Metals and Minerals3.77%
Gold2.34%
Aluminum0%0
Silver-1.61%
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$11.2019.9%
+CA$53.1m		114.6%PE11x
LIF Labrador Iron Ore RoyaltyCA$29.971.0%
+CA$19.2m		12.6%PE19.1x
HTRC High Tide ResourcesCA$0.3923.8%
+CA$9.1m		766.7%PE-91.8x
TSL Tree Island SteelCA$2.652.7%
+CA$1.8m		6.9%PS0.4x
RXM Rockex MiningCA$0.0414.3%
+CA$668.4k		n/aPE-6.8x

Latest News

DRX
CA$11.20
ADF Group
7D
19.9%
1Y
114.6%
BKI
CA$0.10
Black Iron
7D
-9.1%
1Y
11.1%
RXM
CA$0.04
Rockex Mining
7D
14.3%
1Y
n/a
HTRC
CA$0.39
High Tide Resources
7D
23.8%
1Y
766.7%
LIF
CA$29.97
Labrador Iron Ore Royalty
7D
1.0%
1Y
12.6%
TSL
CA$2.65
Tree Island Steel
7D
2.7%
1Y
6.9%
MOX
CA$0.21
Morien Resources
7D
2.4%
1Y
-14.0%
FEO
CA$0.84
Oceanic Iron Ore
7D
-1.2%
1Y
354.1%
CAF
CA$0.34
Canaf Investments
7D
3.0%
1Y
17.2%
CAD
CA$2.71
Colonial Coal International
7D
-2.5%
1Y
113.4%