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Canadian (TSX) Steel Industry Analysis

UpdatedMar 28, 2026
DataAggregated Company Financials
Companies11
  • 7D-8.2%
  • 3M-3.5%
  • 1Y7.2%
  • YTDn/a

Over the last 7 days, the Steel industry has dropped 8.2%, driven by a pullback from Clinch Resources of 36%. Meanwhile, Labrador Iron Ore Royalty actually outperformed within the industry, gaining 5.3% in the last week. Over the past 12 months, the industry was up 7.2%. As for the next few years, earnings are expected to grow by 32% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 29 Mar 2026CA$3.4bCA$635.6mCA$117.8m9x28.5x5.3x
Tue, 24 Feb 2026CA$3.1bCA$652.5mCA$128.7m10.1x23.8x4.7x
Thu, 22 Jan 2026CA$2.9bCA$652.9mCA$129.0m8.3x22.2x4.4x
Sat, 20 Dec 2025CA$2.7bCA$652.9mCA$129.0m8.7x21.3x4.2x
Mon, 17 Nov 2025CA$2.6bCA$661.4mCA$113.8m6x23.1x4x
Wed, 15 Oct 2025CA$2.6bCA$675.2mCA$117.2m6.6x22.1x3.8x
Fri, 12 Sep 2025CA$2.6bCA$699.6mCA$132.4m7.1x19.6x3.7x
Sun, 10 Aug 2025CA$2.4bCA$699.3mCA$137.8m7.4x17.1x3.4x
Tue, 08 Jul 2025CA$2.5bCA$718.5mCA$162.0m7.2x15.2x3.4x
Thu, 05 Jun 2025CA$2.5bCA$771.2mCA$168.6m6.1x15x3.3x
Sat, 03 May 2025CA$2.5bCA$799.0mCA$211.1m5.9x11.9x3.1x
Mon, 31 Mar 2025CA$2.6bCA$1.0bCA$163.9m6.3x15.8x2.5x
Wed, 26 Feb 2025CA$2.7bCA$1.0bCA$185.0m6.1x14.7x2.6x
Fri, 24 Jan 2025CA$2.8bCA$1.0bCA$184.1m7.7x15.1x2.7x
Sun, 22 Dec 2024CA$2.7bCA$1.0bCA$175.4m5.8x15.5x2.6x
Tue, 19 Nov 2024CA$2.8bCA$1.1bCA$222.0m6x12.4x2.6x
Thu, 17 Oct 2024CA$6.7bCA$3.9bCA$415.0m7.8x16x1.7x
Sat, 14 Sep 2024CA$6.4bCA$3.9bCA$415.0m8x15.5x1.6x
Mon, 12 Aug 2024CA$6.6bCA$3.9bCA$436.5m8.7x15.2x1.7x
Wed, 10 Jul 2024CA$5.0bCA$4.1bCA$481.0m9.4x10.4x1.2x
Fri, 07 Jun 2024CA$5.3bCA$4.0bCA$471.2m9.6x11.2x1.3x
Sun, 05 May 2024CA$5.3bCA$4.0bCA$383.3m11.4x13.8x1.3x
Tue, 02 Apr 2024CA$5.3bCA$4.0bCA$379.7m10x13.9x1.3x
Thu, 29 Feb 2024CA$5.3bCA$4.0bCA$359.5m10.8x14.7x1.3x
Sat, 27 Jan 2024CA$5.4bCA$4.0bCA$407.0m9.4x13.2x1.3x
Mon, 25 Dec 2023CA$5.6bCA$4.0bCA$406.8m9x13.8x1.4x
Wed, 22 Nov 2023CA$5.2bCA$4.0bCA$403.8m8.7x12.9x1.3x
Fri, 20 Oct 2023CA$4.6bCA$4.1bCA$495.2m6.5x9.2x1.1x
Sun, 17 Sep 2023CA$4.9bCA$4.1bCA$495.5m6.9x9.9x1.2x
Tue, 15 Aug 2023CA$5.0bCA$4.1bCA$485.2m8.1x10.2x1.2x
Thu, 13 Jul 2023CA$5.2bCA$4.3bCA$955.9m3.8x5.4x1.2x
Sat, 10 Jun 2023CA$5.0bCA$4.3bCA$953.6m4.6x5.2x1.2x
Mon, 08 May 2023CA$5.0bCA$4.5bCA$1.2b4.9x4.1x1.1x
Wed, 05 Apr 2023CA$5.4bCA$4.5bCA$1.3b5.2x4.2x1.2x
Price to Earnings Ratio

4.2x


Total Market Cap: CA$5.4bTotal Earnings: CA$1.3bTotal Revenue: CA$4.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Steel Industry Price to Earnings3Y Average 14.1x202420252026
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 28.5x which is higher than its 3-year average PE of 14.1x.
  • The 3-year average PS ratio of 2.3x is lower than the industry's current PS ratio of 5.3x.
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 Market2.21%
Materials6.88%
Metals and Mining7.36%
Steel-8.22%
Silver11.73%
Gold7.67%
Copper7.27%
Precious Metals and Minerals6.86%
Diversified Metals and Mining5.58%
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$28.715.3%
+CA$92.2m		-4.1%PE18.3x
FEO Oceanic Iron OreCA$0.816.6%
+CA$12.2m		350.0%PE-1.9x
HTRC High Tide ResourcesCA$0.283.7%
+CA$10.3m		522.2%PE-65.9x
DRX ADF GroupCA$9.113.8%
+CA$9.4m		28.7%PE9x
MOX Morien ResourcesCA$0.234.7%
+CA$601.8k		-15.1%PS597.2x

Latest News

HTRC
CA$0.28
High Tide Resources
7D
3.7%
1Y
522.2%
DRX
CA$9.11
ADF Group
7D
3.8%
1Y
28.7%
LIF
CA$28.71
Labrador Iron Ore Royalty
7D
5.3%
1Y
-4.1%
TSL
CA$2.55
Tree Island Steel
7D
-2.7%
1Y
-1.5%
MOX
CA$0.23
Morien Resources
7D
4.7%
1Y
-15.1%
FEO
CA$0.81
Oceanic Iron Ore
7D
6.6%
1Y
350.0%
CAF
CA$0.32
Canaf Investments
7D
-3.1%
1Y
-1.6%
BKI
CA$0.10
Black Iron
7D
-4.8%
1Y
-31.0%

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

Nov 06
Will Black Iron (TSE:BKI) Spend Its Cash Wisely?
CAD
CA$2.46
Colonial Coal International
7D
-8.9%
1Y
62.9%