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Canadian (TSX) Steel Industry Analysis
UpdatedJun 07, 2026
DataAggregated Company Financials
Companies12
- 7D-4.5%
- 3M-9.1%
- 1Y14.0%
- YTDn/a
Over the last 7 days, the Steel industry has dropped 4.5%, driven by a pullback from Labrador Iron Ore Royalty of 5.5%. Meanwhile, Morien Resources actually outperformed within the industry, gaining 7.9% in the last week. In the past year, the industry has gained 14%. Earnings are forecast to grow by 28% 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 |
|---|---|---|---|---|---|---|
| Sun, 07 Jun 2026 | CA$3.4b | CA$625.6m | -CA$40,593,387.55 | 11.6x | -83.7x | 5.4x |
| Tue, 05 May 2026 | CA$3.0b | CA$634.8m | CA$27.3m | 11.7x | 109.1x | 4.7x |
| Thu, 02 Apr 2026 | CA$3.4b | CA$633.4m | CA$117.7m | 9.3x | 28.7x | 5.3x |
| Sat, 28 Feb 2026 | CA$3.1b | CA$652.5m | CA$128.7m | 10.3x | 23.8x | 4.7x |
| Mon, 26 Jan 2026 | CA$2.9b | CA$652.9m | CA$129.0m | 8.2x | 22.4x | 4.4x |
| Wed, 24 Dec 2025 | CA$2.8b | CA$652.9m | CA$129.0m | 8.6x | 21.9x | 4.3x |
| Fri, 21 Nov 2025 | CA$2.7b | CA$661.4m | CA$113.8m | 6.5x | 23.5x | 4.1x |
| Sun, 19 Oct 2025 | CA$2.6b | CA$675.2m | CA$117.3m | 6.2x | 22.3x | 3.9x |
| Tue, 16 Sep 2025 | CA$2.6b | CA$677.7m | CA$117.3m | 6.7x | 21.9x | 3.8x |
| Thu, 14 Aug 2025 | CA$2.4b | CA$699.2m | CA$137.8m | 7.6x | 17.4x | 3.4x |
| Sat, 12 Jul 2025 | CA$2.4b | CA$718.5m | CA$162.0m | 6.9x | 14.6x | 3.3x |
| Mon, 09 Jun 2025 | CA$2.5b | CA$771.2m | CA$168.5m | 6.4x | 14.8x | 3.2x |
| Wed, 07 May 2025 | CA$2.6b | CA$799.0m | CA$211.1m | 5.9x | 12.1x | 3.2x |
| Fri, 04 Apr 2025 | CA$2.5b | CA$810.0m | CA$210.5m | 6.3x | 12x | 3.1x |
| Sun, 02 Mar 2025 | CA$2.7b | CA$1.0b | CA$184.1m | 6.8x | 14.6x | 2.6x |
| Tue, 28 Jan 2025 | CA$2.8b | CA$1.0b | CA$184.1m | 7.7x | 15.1x | 2.7x |
| Thu, 26 Dec 2024 | CA$2.8b | CA$1.0b | CA$175.4m | 5.8x | 15.7x | 2.6x |
| Sat, 23 Nov 2024 | CA$2.7b | CA$1.0b | CA$217.8m | 5.7x | 12.6x | 2.6x |
| Mon, 21 Oct 2024 | CA$6.6b | CA$3.9b | CA$414.9m | 7.7x | 15.9x | 1.7x |
| Wed, 18 Sep 2024 | CA$6.5b | CA$3.9b | CA$422.0m | 7.9x | 15.5x | 1.7x |
| Fri, 16 Aug 2024 | CA$6.7b | CA$3.9b | CA$436.5m | 8.9x | 15.2x | 1.7x |
| Sun, 14 Jul 2024 | CA$5.1b | CA$4.1b | CA$481.0m | 9.5x | 10.6x | 1.3x |
| Tue, 11 Jun 2024 | CA$5.2b | CA$4.0b | CA$471.4m | 9.4x | 11.1x | 1.3x |
| Thu, 09 May 2024 | CA$5.3b | CA$4.0b | CA$383.8m | 11.7x | 13.8x | 1.3x |
| Sat, 06 Apr 2024 | CA$5.2b | CA$4.0b | CA$379.8m | 10.4x | 13.6x | 1.3x |
| Mon, 04 Mar 2024 | CA$5.1b | CA$4.0b | CA$359.7m | 10.8x | 14.2x | 1.3x |
| Wed, 31 Jan 2024 | CA$5.4b | CA$4.0b | CA$406.9m | 9.9x | 13.2x | 1.3x |
| Fri, 29 Dec 2023 | CA$5.6b | CA$4.0b | CA$406.7m | 9.2x | 13.9x | 1.4x |
| Sun, 26 Nov 2023 | CA$5.1b | CA$4.0b | CA$405.4m | 9.3x | 12.5x | 1.3x |
| Tue, 24 Oct 2023 | CA$4.5b | CA$4.1b | CA$495.2m | 6.5x | 9.2x | 1.1x |
| Thu, 21 Sep 2023 | CA$5.0b | CA$4.1b | CA$495.5m | 7.2x | 10x | 1.2x |
| Sat, 19 Aug 2023 | CA$4.8b | CA$4.1b | CA$485.1m | 7.6x | 9.9x | 1.2x |
| Mon, 17 Jul 2023 | CA$5.2b | CA$4.3b | CA$955.9m | 3.8x | 5.4x | 1.2x |
| Wed, 14 Jun 2023 | CA$5.1b | CA$4.3b | CA$953.7m | 4.8x | 5.4x | 1.2x |
Price to Earnings Ratio
5.4x
Current Industry PE
- Investors are optimistic on the Canadian Steel industry, and appear confident in long term growth rates.
- The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 5.4x.
Past Earnings Growth
- Total earnings for the Steel industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 48% per year, which is driving profits down.
Industry Comparison
How does Canadian Steel compare with similar industries?
| CA Market | -0.95% | |
| Materials | -9.97% | |
| Metals and Mining | -10.77% | |
| Steel | -4.51% | |
| Aluminum | 0% | 0 |
| Copper | -8.55% | |
| Diversified Metals and Mining | -9.16% | |
| Gold | -11.19% | |
| Precious Metals and Minerals | -13.43% | |
| Silver | -16.38% | |
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 | |
|---|---|---|---|---|---|
| MOX Morien Resources | CA$0.20 | 7.9% +CA$902.7k | -31.7% | PB10.9x |