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Canadian (TSX) Steel Industry Analysis

UpdatedApr 07, 2026
DataAggregated Company Financials
Companies11
  • 7D3.5%
  • 3M-2.5%
  • 1Y25.2%
  • YTDn/a

The Steel industry is up 3.5% in the last week, with Colonial Coal International up 13%. During this same period, the Morien Resources underperformed, falling 8.7%. This means that the industry has gained 25% over the past year. 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
Tue, 07 Apr 2026CA$3.4bCA$633.4mCA$117.6m9.3x29x5.4x
Thu, 05 Mar 2026CA$3.0bCA$652.0mCA$128.6m10x23.1x4.6x
Sat, 31 Jan 2026CA$2.9bCA$652.9mCA$129.0m8.7x22.5x4.4x
Mon, 29 Dec 2025CA$2.8bCA$652.9mCA$129.0m8.7x21.8x4.3x
Wed, 26 Nov 2025CA$2.6bCA$661.4mCA$129.7m6.4x20x3.9x
Fri, 24 Oct 2025CA$2.6bCA$675.2mCA$117.3m6.2x21.9x3.8x
Sun, 21 Sep 2025CA$2.6bCA$675.2mCA$117.3m7x21.8x3.8x
Tue, 19 Aug 2025CA$2.5bCA$699.6mCA$137.9m7.6x17.8x3.5x
Thu, 17 Jul 2025CA$2.4bCA$718.5mCA$162.0m7.1x15.1x3.4x
Sat, 14 Jun 2025CA$2.5bCA$719.4mCA$162.1m6.9x15.5x3.5x
Mon, 12 May 2025CA$2.5bCA$771.2mCA$173.2m5.9x14.2x3.2x
Wed, 09 Apr 2025CA$2.3bCA$810.0mCA$210.5m5.8x10.9x2.8x
Fri, 07 Mar 2025CA$2.6bCA$1.0bCA$184.5m6.4x14.3x2.5x
Sun, 02 Feb 2025CA$2.7bCA$1.0bCA$183.6m7.8x14.7x2.6x
Tue, 31 Dec 2024CA$2.7bCA$1.0bCA$175.5m5.8x15.6x2.6x
Thu, 28 Nov 2024CA$2.7bCA$1.0bCA$174.6m5.5x15.5x2.6x
Sat, 26 Oct 2024CA$6.6bCA$3.9bCA$414.8m7.7x15.8x1.7x
Mon, 23 Sep 2024CA$6.5bCA$3.9bCA$415.0m7.9x15.7x1.7x
Wed, 21 Aug 2024CA$6.6bCA$3.9bCA$436.4m8.6x15.1x1.7x
Fri, 19 Jul 2024CA$6.6bCA$4.1bCA$481.1m9.9x13.8x1.6x
Sun, 16 Jun 2024CA$5.1bCA$4.1bCA$481.2m9.2x10.6x1.3x
Tue, 14 May 2024CA$5.5bCA$4.1bCA$473.4m10x11.6x1.4x
Thu, 11 Apr 2024CA$5.3bCA$4.0bCA$379.7m10.5x14x1.3x
Sat, 09 Mar 2024CA$5.2bCA$4.0bCA$359.5m11x14.6x1.3x
Mon, 05 Feb 2024CA$5.2bCA$4.0bCA$407.0m9.9x12.9x1.3x
Wed, 03 Jan 2024CA$5.6bCA$4.0bCA$406.9m9.1x13.7x1.4x
Fri, 01 Dec 2023CA$5.2bCA$4.0bCA$397.5m9x13x1.3x
Sun, 29 Oct 2023CA$4.7bCA$4.1bCA$496.5m7x9.5x1.1x
Tue, 26 Sep 2023CA$4.9bCA$4.1bCA$495.5m7.1x9.9x1.2x
Thu, 24 Aug 2023CA$4.9bCA$4.1bCA$485.2m7.5x10x1.2x
Sat, 22 Jul 2023CA$5.1bCA$4.3bCA$955.9m3.8x5.3x1.2x
Mon, 19 Jun 2023CA$5.1bCA$4.3bCA$953.9m4.7x5.3x1.2x
Wed, 17 May 2023CA$5.1bCA$4.3bCA$953.3m4.8x5.3x1.2x
Fri, 14 Apr 2023CA$5.5bCA$4.5bCA$1.3b5.8x4.3x1.2x
Price to Earnings Ratio

4.3x


Total Market Cap: CA$5.5bTotal Earnings: CA$1.3bTotal Revenue: CA$4.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Steel Industry Price to Earnings3Y Average 14.3x202420252026
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 29.0x which is higher than its 3-year average PE of 14.3x.
  • The 3-year average PS ratio of 2.3x is lower than the industry's current PS ratio of 5.4x.
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 Market3.67%
Materials8.71%
Metals and Mining9.77%
Steel3.50%
Copper13.93%
Silver11.44%
Precious Metals and Minerals10.27%
Gold9.55%
Diversified Metals and Mining8.24%
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
CAD Colonial Coal InternationalCA$2.7813.5%
+CA$61.1m		127.9%PB24.3x
LIF Labrador Iron Ore RoyaltyCA$29.592.0%
+CA$37.8m		10.0%PE18.8x
HTRC High Tide ResourcesCA$0.3628.6%
+CA$9.7m		700.0%PE-84.7x
DRX ADF GroupCA$9.483.5%
+CA$9.1m		38.6%PE9.3x
FEO Oceanic Iron OreCA$0.843.7%
+CA$7.3m		425.0%PE-2x

Latest News

RXM
CA$0.04
Rockex Mining
7D
14.3%
1Y
n/a
BKI
CA$0.10
Black Iron
7D
-4.8%
1Y
17.6%
HTRC
CA$0.36
High Tide Resources
7D
28.6%
1Y
700.0%
DRX
CA$9.48
ADF Group
7D
3.5%
1Y
38.6%
LIF
CA$29.59
Labrador Iron Ore Royalty
7D
2.0%
1Y
10.0%
TSL
CA$2.57
Tree Island Steel
7D
1.2%
1Y
2.4%
MOX
CA$0.21
Morien Resources
7D
-6.5%
1Y
-18.9%
FEO
CA$0.84
Oceanic Iron Ore
7D
3.7%
1Y
425.0%
CAF
CA$0.33
Canaf Investments
7D
3.1%
1Y
10.0%
CNT
CA$0.035
Century Global Commodities
7D
-12.5%
1Y
0%
CAD
CA$2.78
Colonial Coal International
7D
13.5%
1Y
127.9%