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Canadian (TSX) Steel Industry Analysis

UpdatedFeb 03, 2026
DataAggregated Company Financials
Companies10
  • 7D2.7%
  • 3M17.0%
  • 1Y8.7%
  • YTDn/a

Over the last 7 days, the Steel industry has risen 2.7%, driven by gains from Colonial Coal International of 13%. This means that the industry has gained 8.7% over the past year. Looking forward, earnings are forecast to grow by 9.1% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 03 Feb 2026CA$2.9bCA$652.9mCA$129.0m9.6x22.4x4.4x
Thu, 01 Jan 2026CA$2.9bCA$652.9mCA$129.0m9.1x22.2x4.4x
Sat, 29 Nov 2025CA$2.6bCA$661.4mCA$134.8m6.6x19.4x4x
Mon, 27 Oct 2025CA$2.6bCA$675.2mCA$117.3m6.2x21.9x3.8x
Wed, 24 Sep 2025CA$2.6bCA$675.2mCA$117.3m6.8x21.8x3.8x
Fri, 22 Aug 2025CA$2.4bCA$699.6mCA$137.9m7x17.4x3.4x
Sun, 20 Jul 2025CA$2.4bCA$718.5mCA$162.0m7.1x14.9x3.4x
Tue, 17 Jun 2025CA$2.5bCA$719.4mCA$162.1m6.9x15.2x3.4x
Thu, 15 May 2025CA$2.5bCA$771.2mCA$173.2m6.2x14.4x3.2x
Sat, 12 Apr 2025CA$2.2bCA$799.0mCA$209.2m5.9x10.7x2.8x
Mon, 10 Mar 2025CA$2.7bCA$1.0bCA$184.4m6.4x14.4x2.6x
Wed, 05 Feb 2025CA$2.7bCA$1.0bCA$183.5m7.1x14.7x2.6x
Fri, 03 Jan 2025CA$2.7bCA$1.0bCA$184.0m6.2x14.5x2.6x
Sun, 01 Dec 2024CA$2.8bCA$1.0bCA$171.4m5.8x16.1x2.7x
Tue, 29 Oct 2024CA$6.6bCA$3.9bCA$414.5m7.9x15.9x1.7x
Thu, 26 Sep 2024CA$6.6bCA$3.9bCA$415.0m8.1x16x1.7x
Sat, 24 Aug 2024CA$6.5bCA$3.9bCA$433.2m8.2x15.1x1.7x
Mon, 22 Jul 2024CA$6.6bCA$4.1bCA$481.1m8.9x13.8x1.6x
Wed, 19 Jun 2024CA$5.1bCA$4.1bCA$481.0m9.2x10.6x1.3x
Fri, 17 May 2024CA$5.5bCA$4.1bCA$473.3m9.9x11.7x1.4x
Sun, 14 Apr 2024CA$5.3bCA$4.0bCA$388.1m10.6x13.7x1.3x
Tue, 12 Mar 2024CA$5.2bCA$4.0bCA$359.5m10.8x14.3x1.3x
Thu, 08 Feb 2024CA$5.1bCA$4.0bCA$407.0m10.2x12.5x1.3x
Sat, 06 Jan 2024CA$5.5bCA$4.0bCA$406.9m9.2x13.6x1.4x
Mon, 04 Dec 2023CA$5.3bCA$4.0bCA$398.8m8.7x13.2x1.3x
Wed, 01 Nov 2023CA$4.8bCA$4.1bCA$496.5m7.5x9.7x1.2x
Fri, 29 Sep 2023CA$4.8bCA$4.1bCA$495.3m7.1x9.7x1.2x
Sun, 27 Aug 2023CA$4.8bCA$4.1bCA$485.1m7.4x9.9x1.2x
Tue, 25 Jul 2023CA$5.1bCA$4.3bCA$956.0m3.8x5.4x1.2x
Thu, 22 Jun 2023CA$5.1bCA$4.3bCA$955.9m4.9x5.3x1.2x
Sat, 20 May 2023CA$5.0bCA$4.3bCA$953.7m4.7x5.3x1.2x
Mon, 17 Apr 2023CA$5.5bCA$4.5bCA$1.2b5.6x4.4x1.2x
Wed, 15 Mar 2023CA$5.7bCA$4.5bCA$1.3b5.1x4.5x1.3x
Fri, 10 Feb 2023CA$5.8bCA$5.1bCA$1.9b6.6x3.2x1.2x
Price to Earnings Ratio

3.2x


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 13.1x202420252026
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 13.1x.
  • 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 Market-2.83%
Materials-10.31%
Metals and Mining-11.09%
Steel2.69%
Aluminum0%0
Copper-3.06%
Diversified Metals and Mining-6.51%
Precious Metals and Minerals-11.15%
Gold-12.58%
Silver-20.53%
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$3.0413.4%
+CA$66.1m		78.8%PB28x
DRX ADF GroupCA$9.7918.8%
+CA$44.3m		23.5%PE9.6x
RXM Rockex MiningCA$0.03540.0%
+CA$1.3m		133.3%PE-5.9x

Latest News

DRX
CA$9.79
ADF Group
7D
18.8%
1Y
23.5%
FEO
CA$0.79
Oceanic Iron Ore
7D
-7.1%
1Y
295.0%
HTRC
CA$0.20
High Tide Resources
7D
-2.4%
1Y
344.4%
LIF
CA$29.29
Labrador Iron Ore Royalty
7D
-1.5%
1Y
-3.7%
MOX
CA$0.20
Morien Resources
7D
-7.1%
1Y
-35.0%
TSL
CA$2.64
Tree Island Steel
7D
-0.4%
1Y
-8.7%
RXM
CA$0.035
Rockex Mining
7D
40.0%
1Y
133.3%
BKI
CA$0.13
Black Iron
7D
-7.1%
1Y
-13.3%

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

Nov 06
Will Black Iron (TSE:BKI) Spend Its Cash Wisely?
CAD
CA$3.04
Colonial Coal International
7D
13.4%
1Y
78.8%
CAF
CA$0.35
Canaf Investments
7D
-4.1%
1Y
-5.4%