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Canadian (TSX) Steel Industry Analysis

UpdatedJun 21, 2025
DataAggregated Company Financials
Companies11
  • 7D0.5%
  • 3M-3.9%
  • 1Y-13.1%
  • YTDn/a

Over the last 7 days, the Steel industry has dropped 1.3%, driven by Labrador Iron Ore Royalty declining 2.0%. However, the industry is down 14% over the past year. Looking forward, earnings are forecast to grow by 6.9% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 21 Jun 2025CA$2.5bCA$719.4mCA$162.0m6.7x15.3x3.5x
Mon, 19 May 2025CA$2.5bCA$771.2mCA$173.2m6.4x14.3x3.2x
Wed, 16 Apr 2025CA$2.3bCA$799.0mCA$209.2m6.1x11.2x2.9x
Fri, 14 Mar 2025CA$2.5bCA$1.0bCA$164.7m6.4x15.5x2.4x
Sun, 09 Feb 2025CA$2.7bCA$1.0bCA$184.4m7x14.9x2.6x
Tue, 07 Jan 2025CA$2.7bCA$1.0bCA$183.9m6.3x14.8x2.6x
Thu, 05 Dec 2024CA$2.8bCA$1.0bCA$171.2m5.8x16.4x2.7x
Sat, 02 Nov 2024CA$6.6bCA$3.9bCA$414.4m10.2x15.9x1.7x
Mon, 30 Sep 2024CA$6.6bCA$3.9bCA$415.1m8.1x16x1.7x
Wed, 28 Aug 2024CA$6.6bCA$3.9bCA$433.1m8.1x15.2x1.7x
Fri, 26 Jul 2024CA$6.6bCA$4.1bCA$481.2m8.8x13.8x1.6x
Sun, 23 Jun 2024CA$5.0bCA$4.1bCA$481.0m9.4x10.3x1.2x
Tue, 21 May 2024CA$5.5bCA$4.1bCA$473.3m10x11.6x1.3x
Thu, 18 Apr 2024CA$5.3bCA$4.0bCA$388.1m10.9x13.6x1.3x
Sat, 16 Mar 2024CA$5.0bCA$4.0bCA$379.5m9.8x13.2x1.3x
Mon, 12 Feb 2024CA$5.0bCA$4.0bCA$406.9m9.8x12.4x1.3x
Wed, 10 Jan 2024CA$5.5bCA$4.0bCA$406.9m9.5x13.5x1.4x
Fri, 08 Dec 2023CA$5.1bCA$4.0bCA$407.2m7.4x12.6x1.3x
Sun, 05 Nov 2023CA$4.8bCA$4.1bCA$499.8m6.4x9.5x1.2x
Tue, 03 Oct 2023CA$4.9bCA$4.1bCA$495.2m7x9.8x1.2x
Thu, 31 Aug 2023CA$4.9bCA$4.1bCA$489.9m7.5x10x1.2x
Sat, 29 Jul 2023CA$5.3bCA$4.3bCA$944.4m5.5x5.6x1.2x
Mon, 26 Jun 2023CA$4.9bCA$4.3bCA$955.8m4.9x5.1x1.1x
Wed, 24 May 2023CA$4.9bCA$4.3bCA$953.7m4.7x5.2x1.1x
Fri, 21 Apr 2023CA$5.4bCA$4.5bCA$1.2b5.3x4.4x1.2x
Sun, 19 Mar 2023CA$5.6bCA$4.5bCA$1.3b5.1x4.4x1.2x
Tue, 14 Feb 2023CA$5.8bCA$5.1bCA$1.9b6.6x3.1x1.1x
Thu, 12 Jan 2023CA$5.7bCA$5.1bCA$1.9b6x3.1x1.1x
Sat, 10 Dec 2022CA$5.3bCA$5.1bCA$1.9b5.9x2.9x1x
Mon, 07 Nov 2022CA$4.6bCA$5.6bCA$2.3b3.6x2x0.8x
Wed, 05 Oct 2022CA$4.8bCA$5.6bCA$2.3b3.8x2.1x0.9x
Fri, 02 Sep 2022CA$4.7bCA$5.6bCA$2.3b3.9x2x0.8x
Sun, 31 Jul 2022CA$5.0bCA$5.5bCA$2.2b4.5x2.3x0.9x
Tue, 28 Jun 2022CA$5.2bCA$5.5bCA$2.2b5.1x2.4x1x
Price to Earnings Ratio

2.4x


Total Market Cap: CA$5.2bTotal Earnings: CA$2.2bTotal Revenue: CA$5.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Steel Industry Price to Earnings3Y Average 9.5x202320242025
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 15.4x which is higher than its 3-year average PE of 9.5x.
  • The 3-year average PS ratio of 1.5x is lower than the industry's current PS ratio of 3.5x.
Past Earnings Growth
  • The earnings for companies in the Steel industry have declined 58% per year over the last three years,
  • Revenues have also declined 49% 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-0.28%
Materials-1.64%
Metals and Mining-1.73%
Steel0.54%
Aluminum0%0
Copper-0.21%
Diversified Metals and Mining-0.93%
Silver-1.25%
Gold-2.14%
Precious Metals and Minerals-3.17%
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$1.508.7%
+CA$21.8m		-33.3%PB13.1x
FEO Oceanic Iron OreCA$0.2323.7%
+CA$5.2m		135.0%PB0.9x
CNT Century Global CommoditiesCA$0.0620.0%
+CA$1.2m		100.0%PS0.5x
TSL Tree Island SteelCA$2.541.6%
+CA$1.0m		-15.6%PS0.3x
DRX ADF GroupCA$8.030.4%
+CA$843.1k		-47.1%PE4.5x

Latest News

TSL
CA$2.54
Tree Island Steel
7D
1.6%
1Y
-15.6%
LIF
CA$28.30
Labrador Iron Ore Royalty
7D
-0.6%
1Y
-3.5%
DRX
CA$8.03
ADF Group
7D
0.4%
1Y
-47.1%
CAF
CA$0.34
Canaf Investments
7D
-2.9%
1Y
61.9%

Why The 21% Return On Capital At Canaf Investments (CVE:CAF) Should Have Your Attention

Jun 10
Why The 21% Return On Capital At Canaf Investments (CVE:CAF) Should Have Your Attention
MOX
CA$0.28
Morien Resources
7D
-12.7%
1Y
-16.7%
FEO
CA$0.23
Oceanic Iron Ore
7D
23.7%
1Y
135.0%

Here's Why Oceanic Iron Ore (CVE:FEO) Can Afford Some Debt

May 01
Here's Why Oceanic Iron Ore (CVE:FEO) Can Afford Some Debt
CAD
CA$1.50
Colonial Coal International
7D
8.7%
1Y
-33.3%
BKI
CA$0.10
Black Iron
7D
-9.1%
1Y
81.8%
CNT
CA$0.06
Century Global Commodities
7D
20.0%
1Y
100.0%
HTRC
CA$0.065
High Tide Resources
7D
18.2%
1Y
62.5%