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Canadian (TSX) Steel Industry Analysis

UpdatedApr 02, 2026
DataAggregated Company Financials
Companies11
  • 7D-4.6%
  • 3M-0.03%
  • 1Y12.5%
  • YTDn/a

Over the last 7 days, the Steel industry has dropped 3.2%, driven by Clinch Resources declining 20%. This takes the industry's 12 month performance to a gain of 8.8%. As for the next few years, earnings are expected to grow by 32% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 02 Apr 2026CA$3.4bCA$633.4mCA$117.7m9.3x28.7x5.3x
Sat, 28 Feb 2026CA$3.1bCA$652.5mCA$128.7m10.3x23.8x4.7x
Mon, 26 Jan 2026CA$2.9bCA$652.9mCA$129.0m8.2x22.4x4.4x
Wed, 24 Dec 2025CA$2.8bCA$652.9mCA$129.0m8.6x21.9x4.3x
Fri, 21 Nov 2025CA$2.7bCA$661.4mCA$113.8m6.5x23.5x4.1x
Sun, 19 Oct 2025CA$2.6bCA$675.2mCA$117.3m6.2x22.3x3.9x
Tue, 16 Sep 2025CA$2.6bCA$677.7mCA$117.3m6.7x21.9x3.8x
Thu, 14 Aug 2025CA$2.4bCA$699.2mCA$137.8m7.6x17.4x3.4x
Sat, 12 Jul 2025CA$2.4bCA$718.5mCA$162.0m6.9x14.6x3.3x
Mon, 09 Jun 2025CA$2.5bCA$771.2mCA$168.5m6.4x14.8x3.2x
Wed, 07 May 2025CA$2.6bCA$799.0mCA$211.1m5.9x12.1x3.2x
Fri, 04 Apr 2025CA$2.5bCA$810.0mCA$210.5m6.3x12x3.1x
Sun, 02 Mar 2025CA$2.7bCA$1.0bCA$184.1m6.8x14.6x2.6x
Tue, 28 Jan 2025CA$2.8bCA$1.0bCA$184.1m7.7x15.1x2.7x
Thu, 26 Dec 2024CA$2.8bCA$1.0bCA$175.4m5.8x15.7x2.6x
Sat, 23 Nov 2024CA$2.7bCA$1.0bCA$217.8m5.7x12.6x2.6x
Mon, 21 Oct 2024CA$6.6bCA$3.9bCA$414.9m7.7x15.9x1.7x
Wed, 18 Sep 2024CA$6.5bCA$3.9bCA$422.0m7.9x15.5x1.7x
Fri, 16 Aug 2024CA$6.7bCA$3.9bCA$436.5m8.9x15.2x1.7x
Sun, 14 Jul 2024CA$5.1bCA$4.1bCA$481.0m9.5x10.6x1.3x
Tue, 11 Jun 2024CA$5.2bCA$4.0bCA$471.4m9.4x11.1x1.3x
Thu, 09 May 2024CA$5.3bCA$4.0bCA$383.8m11.7x13.8x1.3x
Sat, 06 Apr 2024CA$5.2bCA$4.0bCA$379.8m10.4x13.6x1.3x
Mon, 04 Mar 2024CA$5.1bCA$4.0bCA$359.7m10.8x14.2x1.3x
Wed, 31 Jan 2024CA$5.4bCA$4.0bCA$406.9m9.9x13.2x1.3x
Fri, 29 Dec 2023CA$5.6bCA$4.0bCA$406.7m9.2x13.9x1.4x
Sun, 26 Nov 2023CA$5.1bCA$4.0bCA$405.4m9.3x12.5x1.3x
Tue, 24 Oct 2023CA$4.5bCA$4.1bCA$495.2m6.5x9.2x1.1x
Thu, 21 Sep 2023CA$5.0bCA$4.1bCA$495.5m7.2x10x1.2x
Sat, 19 Aug 2023CA$4.8bCA$4.1bCA$485.1m7.6x9.9x1.2x
Mon, 17 Jul 2023CA$5.2bCA$4.3bCA$955.9m3.8x5.4x1.2x
Wed, 14 Jun 2023CA$5.1bCA$4.3bCA$953.7m4.8x5.4x1.2x
Fri, 12 May 2023CA$5.0bCA$4.3bCA$953.3m4.9x5.2x1.1x
Sun, 09 Apr 2023CA$5.4bCA$4.5bCA$1.3b5.2x4.2x1.2x
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 14.2x202420252026
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 28.0x which is higher than its 3-year average PE of 14.2x.
  • The 3-year average PS ratio of 2.3x is lower than the industry's current PS ratio of 5.2x.
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 Market1.56%
Materials7.75%
Metals and Mining8.85%
Steel-4.56%
Gold10.63%
Silver10.10%
Copper7.18%
Precious Metals and Minerals6.29%
Diversified Metals and Mining2.68%
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
LIF Labrador Iron Ore RoyaltyCA$29.613.7%
+CA$67.8m		0.5%PE18.8x
FEO Oceanic Iron OreCA$0.867.5%
+CA$14.6m		364.9%PE-2.1x
HTRC High Tide ResourcesCA$0.307.1%
+CA$2.4m		566.7%PE-70.6x
CAF Canaf InvestmentsCA$0.321.6%
+CA$237.1k		0%PE6.7x

Latest News

HTRC
CA$0.30
High Tide Resources
7D
7.1%
1Y
566.7%
DRX
CA$9.49
ADF Group
7D
-1.9%
1Y
31.3%
LIF
CA$29.61
Labrador Iron Ore Royalty
7D
3.7%
1Y
0.5%
TSL
CA$2.54
Tree Island Steel
7D
-1.9%
1Y
-3.8%
MOX
CA$0.22
Morien Resources
7D
-6.4%
1Y
-26.7%
FEO
CA$0.86
Oceanic Iron Ore
7D
7.5%
1Y
364.9%
CAF
CA$0.32
Canaf Investments
7D
1.6%
1Y
0%
CNT
CA$0.035
Century Global Commodities
7D
-12.5%
1Y
0%
CAD
CA$2.68
Colonial Coal International
7D
-6.9%
1Y
83.6%