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

Canadian (TSX) Steel Industry Analysis

UpdatedApr 03, 2026
DataAggregated Company Financials
Companies11
  • 7D1.6%
  • 3M0.8%
  • 1Y15.9%
  • YTDn/a

In the last week, the Steel industry is up 1.6%, with Labrador Iron Ore Royalty up 5.3%. Meanwhile, Clinch Resources actually underperformed within the industry, shrinking 11% in the last week. In the last 12 months, the industry was up 16%. Looking forward, 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
Fri, 03 Apr 2026CA$3.3bCA$633.4mCA$117.6m9.2x28.4x5.3x
Sun, 01 Mar 2026CA$3.0bCA$652.5mCA$128.7m10.3x23.5x4.6x
Tue, 27 Jan 2026CA$2.9bCA$652.9mCA$129.0m8.1x22.4x4.4x
Thu, 25 Dec 2025CA$2.8bCA$652.9mCA$129.0m8.7x21.8x4.3x
Sat, 22 Nov 2025CA$2.7bCA$661.4mCA$113.8m6.2x23.6x4.1x
Mon, 20 Oct 2025CA$2.6bCA$675.2mCA$117.3m6.2x22.3x3.9x
Wed, 17 Sep 2025CA$2.6bCA$677.7mCA$117.3m6.9x22x3.8x
Fri, 15 Aug 2025CA$2.4bCA$699.6mCA$137.9m7.7x17.6x3.5x
Sun, 13 Jul 2025CA$2.4bCA$718.5mCA$162.0m6.9x14.8x3.3x
Tue, 10 Jun 2025CA$2.5bCA$771.2mCA$168.5m6.9x14.7x3.2x
Thu, 08 May 2025CA$2.6bCA$799.0mCA$211.1m5.9x12.2x3.2x
Sat, 05 Apr 2025CA$2.5bCA$810.0mCA$210.5m5.9x11.7x3.1x
Mon, 03 Mar 2025CA$2.7bCA$1.0bCA$184.1m6.8x14.6x2.6x
Wed, 29 Jan 2025CA$2.8bCA$1.0bCA$184.0m7.9x14.9x2.6x
Fri, 27 Dec 2024CA$2.8bCA$1.0bCA$175.3m5.8x15.7x2.6x
Sun, 24 Nov 2024CA$2.8bCA$1.0bCA$217.8m5.7x12.7x2.6x
Tue, 22 Oct 2024CA$6.6bCA$3.9bCA$414.9m7.5x15.9x1.7x
Thu, 19 Sep 2024CA$6.5bCA$3.9bCA$422.0m7.9x15.4x1.7x
Sat, 17 Aug 2024CA$6.6bCA$3.9bCA$436.5m8.9x15.2x1.7x
Mon, 15 Jul 2024CA$5.1bCA$4.1bCA$481.0m9.5x10.6x1.3x
Wed, 12 Jun 2024CA$5.2bCA$4.0bCA$471.3m9.2x11.1x1.3x
Fri, 10 May 2024CA$5.3bCA$4.1bCA$473.4m9.9x11.2x1.3x
Sun, 07 Apr 2024CA$5.2bCA$4.0bCA$379.5m10.4x13.8x1.3x
Tue, 05 Mar 2024CA$5.1bCA$4.0bCA$359.7m10.8x14.2x1.3x
Thu, 01 Feb 2024CA$5.4bCA$4.0bCA$407.0m9.8x13.3x1.3x
Sat, 30 Dec 2023CA$5.6bCA$4.0bCA$406.8m9.3x13.7x1.4x
Mon, 27 Nov 2023CA$5.1bCA$4.0bCA$405.4m9.3x12.5x1.3x
Wed, 25 Oct 2023CA$4.5bCA$4.1bCA$495.2m6.5x9.2x1.1x
Fri, 22 Sep 2023CA$4.9bCA$4.1bCA$495.5m7.1x9.8x1.2x
Sun, 20 Aug 2023CA$4.8bCA$4.1bCA$485.1m7.6x9.9x1.2x
Tue, 18 Jul 2023CA$5.2bCA$4.3bCA$955.9m3.8x5.4x1.2x
Thu, 15 Jun 2023CA$5.1bCA$4.3bCA$953.6m4.6x5.4x1.2x
Sat, 13 May 2023CA$5.1bCA$4.3bCA$953.2m4.9x5.3x1.2x
Mon, 10 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 28.4x 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 5.3x.
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 Market3.76%
Materials11.93%
Metals and Mining13.14%
Steel1.64%
Silver16.41%
Gold14.31%
Copper12.71%
Precious Metals and Minerals11.80%
Diversified Metals and Mining7.95%
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$29.675.3%
+CA$94.7m		3.2%PE18.9x
CAD Colonial Coal InternationalCA$2.783.0%
+CA$14.8m		98.6%PB24.3x
FEO Oceanic Iron OreCA$0.856.3%
+CA$12.2m		335.9%PE-2x
DRX ADF GroupCA$9.342.0%
+CA$5.1m		28.7%PE9.2x
HTRC High Tide ResourcesCA$0.3214.5%
+CA$4.8m		530.0%PE-74.1x

Latest News

HTRC
CA$0.32
High Tide Resources
7D
14.5%
1Y
530.0%
DRX
CA$9.34
ADF Group
7D
2.0%
1Y
28.7%
LIF
CA$29.67
Labrador Iron Ore Royalty
7D
5.3%
1Y
3.2%
TSL
CA$2.58
Tree Island Steel
7D
1.2%
1Y
0%
MOX
CA$0.21
Morien Resources
7D
-10.6%
1Y
-30.0%
FEO
CA$0.85
Oceanic Iron Ore
7D
6.3%
1Y
335.9%
CAF
CA$0.33
Canaf Investments
7D
4.8%
1Y
3.1%
CNT
CA$0.035
Century Global Commodities
7D
-12.5%
1Y
0%
BKI
CA$0.11
Black Iron
7D
4.8%
1Y
-8.3%

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

Nov 06
Will Black Iron (TSE:BKI) Spend Its Cash Wisely?
CAD
CA$2.78
Colonial Coal International
7D
3.0%
1Y
98.6%