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Canadian (TSX) Steel Industry Analysis
UpdatedMar 05, 2026
DataAggregated Company Financials
Companies10
- 7D-0.6%
- 3M11.2%
- 1Y16.0%
- YTDn/a
Over the last 7 days, the Steel industry has dropped 1.6%, driven by Colonial Coal International declining 11%. On the other hand Oceanic Iron Ore is actually up 13%. This takes the industry's 12 month performance to a gain of 15%. Looking forward, earnings are forecast to grow by 6.7% annually.
Industry Valuation and Performance
Has the Canadian Steel Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 05 Mar 2026 | CA$3.0b | CA$652.0m | CA$128.6m | 10x | 23.1x | 4.6x |
| Sat, 31 Jan 2026 | CA$2.9b | CA$652.9m | CA$129.0m | 8.7x | 22.5x | 4.4x |
| Mon, 29 Dec 2025 | CA$2.8b | CA$652.9m | CA$129.0m | 8.7x | 21.8x | 4.3x |
| Wed, 26 Nov 2025 | CA$2.6b | CA$661.4m | CA$129.7m | 6.4x | 20x | 3.9x |
| Fri, 24 Oct 2025 | CA$2.6b | CA$675.2m | CA$117.3m | 6.2x | 21.9x | 3.8x |
| Sun, 21 Sep 2025 | CA$2.6b | CA$675.2m | CA$117.3m | 7x | 21.8x | 3.8x |
| Tue, 19 Aug 2025 | CA$2.5b | CA$699.6m | CA$137.9m | 7.6x | 17.8x | 3.5x |
| Thu, 17 Jul 2025 | CA$2.4b | CA$718.5m | CA$162.0m | 7.1x | 15.1x | 3.4x |
| Sat, 14 Jun 2025 | CA$2.5b | CA$719.4m | CA$162.1m | 6.9x | 15.5x | 3.5x |
| Mon, 12 May 2025 | CA$2.5b | CA$771.2m | CA$173.2m | 5.9x | 14.2x | 3.2x |
| Wed, 09 Apr 2025 | CA$2.3b | CA$810.0m | CA$210.5m | 5.8x | 10.9x | 2.8x |
| Fri, 07 Mar 2025 | CA$2.6b | CA$1.0b | CA$184.5m | 6.4x | 14.3x | 2.5x |
| Sun, 02 Feb 2025 | CA$2.7b | CA$1.0b | CA$183.6m | 7.8x | 14.7x | 2.6x |
| Tue, 31 Dec 2024 | CA$2.7b | CA$1.0b | CA$175.5m | 5.8x | 15.6x | 2.6x |
| Thu, 28 Nov 2024 | CA$2.7b | CA$1.0b | CA$174.6m | 5.5x | 15.5x | 2.6x |
| Sat, 26 Oct 2024 | CA$6.6b | CA$3.9b | CA$414.8m | 7.7x | 15.8x | 1.7x |
| Mon, 23 Sep 2024 | CA$6.5b | CA$3.9b | CA$415.0m | 7.9x | 15.7x | 1.7x |
| Wed, 21 Aug 2024 | CA$6.6b | CA$3.9b | CA$436.4m | 8.6x | 15.1x | 1.7x |
| Fri, 19 Jul 2024 | CA$6.6b | CA$4.1b | CA$481.1m | 9.9x | 13.8x | 1.6x |
| Sun, 16 Jun 2024 | CA$5.1b | CA$4.1b | CA$481.2m | 9.2x | 10.6x | 1.3x |
| Tue, 14 May 2024 | CA$5.5b | CA$4.1b | CA$473.4m | 10x | 11.6x | 1.4x |
| Thu, 11 Apr 2024 | CA$5.3b | CA$4.0b | CA$379.7m | 10.5x | 14x | 1.3x |
| Sat, 09 Mar 2024 | CA$5.2b | CA$4.0b | CA$359.5m | 11x | 14.6x | 1.3x |
| Mon, 05 Feb 2024 | CA$5.2b | CA$4.0b | CA$407.0m | 9.9x | 12.9x | 1.3x |
| Wed, 03 Jan 2024 | CA$5.6b | CA$4.0b | CA$406.9m | 9.1x | 13.7x | 1.4x |
| Fri, 01 Dec 2023 | CA$5.2b | CA$4.0b | CA$397.5m | 9x | 13x | 1.3x |
| Sun, 29 Oct 2023 | CA$4.7b | CA$4.1b | CA$496.5m | 7x | 9.5x | 1.1x |
| Tue, 26 Sep 2023 | CA$4.9b | CA$4.1b | CA$495.5m | 7.1x | 9.9x | 1.2x |
| Thu, 24 Aug 2023 | CA$4.9b | CA$4.1b | CA$485.2m | 7.5x | 10x | 1.2x |
| Sat, 22 Jul 2023 | CA$5.1b | CA$4.3b | CA$955.9m | 3.8x | 5.3x | 1.2x |
| Mon, 19 Jun 2023 | CA$5.1b | CA$4.3b | CA$953.9m | 4.7x | 5.3x | 1.2x |
| Wed, 17 May 2023 | CA$5.1b | CA$4.3b | CA$953.3m | 4.8x | 5.3x | 1.2x |
| Fri, 14 Apr 2023 | CA$5.5b | CA$4.5b | CA$1.3b | 5.8x | 4.3x | 1.2x |
| Sun, 12 Mar 2023 | CA$5.8b | CA$4.5b | CA$1.3b | 5.2x | 4.6x | 1.3x |
Price to Earnings Ratio
4.6x
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 23.5x which is higher than its 3-year average PE of 13.7x.
- The 3-year average PS ratio of 2.2x is lower than the industry's current PS ratio of 4.6x.
Past Earnings Growth
- The earnings for companies in the Steel industry have declined 53% 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 | -0.89% | |
| Materials | -3.65% | |
| Metals and Mining | -4.19% | |
| Steel | -0.59% | |
| Aluminum | 0% | 0 |
| Precious Metals and Minerals | -2.00% | |
| Gold | -3.75% | |
| Diversified Metals and Mining | -4.59% | |
| Silver | -4.78% | |
| Copper | -6.97% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| FEO Oceanic Iron Ore | CA$1.01 | 9.8% +CA$22.9m | 494.1% | PE-2.5x | |
| MOX Morien Resources | CA$0.23 | 15.4% +CA$1.8m | -15.1% | PS597.2x | |
| CNT Century Global Commodities | CA$0.045 | 12.5% +CA$591.0k | 50.0% | PS0.4x |