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Canadian (TSX) Steel Industry Analysis

UpdatedJan 08, 2026
DataAggregated Company Financials
Companies10
  • 7D3.4%
  • 3M17.0%
  • 1Y10.7%
  • YTDn/a

The Steel industry is up 1.8% in the last week, with Labrador Iron Ore Royalty up 2.5%. During this same period, the Black Iron underperformed, falling 14%. This takes the industry's 12 month performance to a gain of 9.3%. Looking forward, earnings are forecast to grow by 8.5% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 09 Jan 2026CA$2.9bCA$652.9mCA$129.0m8.9x22.6x4.5x
Sun, 07 Dec 2025CA$2.7bCA$661.4mCA$135.1m6.4x19.9x4.1x
Tue, 04 Nov 2025CA$2.6bCA$675.2mCA$117.2m6x22.2x3.8x
Thu, 02 Oct 2025CA$2.5bCA$675.2mCA$117.3m6.8x21.6x3.8x
Sat, 30 Aug 2025CA$2.5bCA$699.6mCA$132.4m6.9x18.6x3.5x
Mon, 28 Jul 2025CA$2.5bCA$718.5mCA$162.0m7.5x15.5x3.5x
Wed, 25 Jun 2025CA$2.5bCA$718.6mCA$162.1m6.9x15.2x3.4x
Fri, 23 May 2025CA$2.5bCA$771.2mCA$173.2m6.2x14.3x3.2x
Sun, 20 Apr 2025CA$2.3bCA$799.0mCA$209.2m6.2x11.1x2.9x
Tue, 18 Mar 2025CA$2.6bCA$1.0bCA$163.5m6.5x16x2.5x
Thu, 13 Feb 2025CA$2.7bCA$1.0bCA$184.4m6.5x14.6x2.6x
Sat, 11 Jan 2025CA$2.7bCA$1.0bCA$183.9m6.8x14.8x2.6x
Mon, 09 Dec 2024CA$2.8bCA$1.0bCA$170.9m5.8x16.2x2.7x
Wed, 06 Nov 2024CA$2.9bCA$1.1bCA$241.5m6.4x11.8x2.7x
Fri, 04 Oct 2024CA$6.7bCA$3.9bCA$415.1m7.9x16.1x1.7x
Sun, 01 Sep 2024CA$6.6bCA$3.9bCA$409.6m8.8x16.2x1.7x
Tue, 30 Jul 2024CA$6.7bCA$4.1bCA$481.2m9x14x1.7x
Thu, 27 Jun 2024CA$5.0bCA$4.1bCA$480.9m9.8x10.5x1.2x
Sat, 25 May 2024CA$5.5bCA$4.1bCA$473.4m10x11.6x1.4x
Mon, 22 Apr 2024CA$5.3bCA$4.0bCA$388.0m10.8x13.5x1.3x
Wed, 20 Mar 2024CA$5.1bCA$4.0bCA$379.6m9.8x13.6x1.3x
Fri, 16 Feb 2024CA$5.0bCA$4.0bCA$407.0m10.1x12.3x1.2x
Sun, 14 Jan 2024CA$5.5bCA$4.0bCA$406.9m9.2x13.5x1.4x
Tue, 12 Dec 2023CA$5.1bCA$4.0bCA$407.1m8.3x12.6x1.3x
Thu, 09 Nov 2023CA$4.7bCA$4.1bCA$500.0m6.4x9.4x1.1x
Sat, 07 Oct 2023CA$4.8bCA$4.1bCA$495.2m7.1x9.6x1.2x
Mon, 04 Sep 2023CA$5.0bCA$4.1bCA$490.3m7.6x10.1x1.2x
Wed, 02 Aug 2023CA$5.3bCA$4.3bCA$944.2m6x5.6x1.2x
Fri, 30 Jun 2023CA$4.9bCA$4.3bCA$955.3m4.8x5.2x1.1x
Sun, 28 May 2023CA$5.0bCA$4.3bCA$953.7m4.5x5.2x1.2x
Tue, 25 Apr 2023CA$5.3bCA$4.5bCA$1.2b5.2x4.3x1.2x
Thu, 23 Mar 2023CA$5.6bCA$4.5bCA$1.3b5.1x4.4x1.2x
Sat, 18 Feb 2023CA$5.8bCA$5.1bCA$1.9b6.3x3.1x1.1x
Mon, 16 Jan 2023CA$5.8bCA$5.1bCA$1.9b6x3.1x1.1x
Price to Earnings Ratio

3.1x


Total Market Cap: CA$5.8bTotal Earnings: CA$1.9bTotal Revenue: CA$5.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Steel Industry Price to Earnings3Y Average 12.7x202420252026
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 22.4x which is higher than its 3-year average PE of 12.7x.
  • The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 4.4x.
Past Earnings Growth
  • The earnings for companies in the Steel industry have declined 59% 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 Market1.08%
Materials5.43%
Metals and Mining6.00%
Steel3.40%
Diversified Metals and Mining7.31%
Gold6.00%
Silver5.85%
Precious Metals and Minerals5.30%
Copper4.04%
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$30.682.7%
+CA$51.8m		2.8%PE17.8x
CAD Colonial Coal InternationalCA$2.829.7%
+CA$45.7m		60.2%PB25.9x
FEO Oceanic Iron OreCA$0.7515.4%
+CA$15.4m		172.7%PE-1.1x
CAF Canaf InvestmentsCA$0.3710.4%
+CA$1.7m		8.8%PE7.1x
HTRC High Tide ResourcesCA$0.202.6%
+CA$431.1k		680.0%PE-39.6x

Latest News

DRX
CA$9.11
ADF Group
7D
-1.1%
1Y
-0.1%

A Piece Of The Puzzle Missing From ADF Group Inc.'s (TSE:DRX) 25% Share Price Climb

Dec 21
A Piece Of The Puzzle Missing From ADF Group Inc.'s (TSE:DRX) 25% Share Price Climb
MOX
CA$0.23
Morien Resources
7D
-4.2%
1Y
0%
TSL
CA$2.69
Tree Island Steel
7D
-8.8%
1Y
-12.1%
RXM
CA$0.035
Rockex Mining
7D
-22.2%
1Y
250.0%
LIF
CA$30.68
Labrador Iron Ore Royalty
7D
2.7%
1Y
2.8%
HTRC
CA$0.20
High Tide Resources
7D
2.6%
1Y
680.0%
FEO
CA$0.75
Oceanic Iron Ore
7D
15.4%
1Y
172.7%
CNT
CA$0.045
Century Global Commodities
7D
-10.0%
1Y
80.0%

Improved Revenues Required Before Century Global Commodities Corporation (TSE:CNT) Stock's 38% Jump Looks Justified

Nov 12
Improved Revenues Required Before Century Global Commodities Corporation (TSE:CNT) Stock's 38% Jump Looks Justified
BKI
CA$0.13
Black Iron
7D
-3.7%
1Y
-27.8%

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

Nov 06
Will Black Iron (TSE:BKI) Spend Its Cash Wisely?
CAD
CA$2.82
Colonial Coal International
7D
9.7%
1Y
60.2%
CAF
CA$0.37
Canaf Investments
7D
10.4%
1Y
8.8%