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Canadian (TSX) Steel Industry Analysis

UpdatedMar 06, 2026
DataAggregated Company Financials
Companies10
  • 7D-2.8%
  • 3M10.6%
  • 1Y15.2%
  • YTDn/a

Over the last 7 days, the Steel industry has dropped 2.8%, driven by pullbacks in Colonial Coal International and Labrador Iron Ore Royalty of 5.8% and 1.5%, respectively. In the past year, the industry has gained 15%. Earnings are forecast to grow by 6.5% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 07 Mar 2026CA$3.0bCA$652.0mCA$128.6m9.8x23.5x4.6x
Mon, 02 Feb 2026CA$2.9bCA$652.9mCA$129.0m8.7x22.4x4.4x
Wed, 31 Dec 2025CA$2.9bCA$652.9mCA$129.0m9x22.2x4.4x
Fri, 28 Nov 2025CA$2.6bCA$661.4mCA$134.8m6.4x19.5x4x
Sun, 26 Oct 2025CA$2.6bCA$675.2mCA$117.3m6.2x21.9x3.8x
Tue, 23 Sep 2025CA$2.6bCA$675.2mCA$117.3m6.8x21.8x3.8x
Thu, 21 Aug 2025CA$2.4bCA$699.6mCA$137.9m7.6x17.4x3.4x
Sat, 19 Jul 2025CA$2.5bCA$718.5mCA$162.0m7.1x15.1x3.4x
Mon, 16 Jun 2025CA$2.5bCA$719.4mCA$162.1m6.9x15.2x3.4x
Wed, 14 May 2025CA$2.5bCA$771.2mCA$173.2m6.1x14.5x3.3x
Fri, 11 Apr 2025CA$2.4bCA$810.0mCA$210.6m5.7x11.3x2.9x
Sun, 09 Mar 2025CA$2.7bCA$1.0bCA$184.4m6.4x14.4x2.6x
Tue, 04 Feb 2025CA$2.7bCA$1.0bCA$183.4m7.4x14.7x2.6x
Thu, 02 Jan 2025CA$2.7bCA$1.0bCA$175.4m6.2x15.3x2.6x
Sat, 30 Nov 2024CA$2.7bCA$1.0bCA$173.0m5.7x15.9x2.6x
Mon, 28 Oct 2024CA$6.6bCA$3.9bCA$414.5m7.7x15.9x1.7x
Wed, 25 Sep 2024CA$6.5bCA$3.9bCA$415.0m8.1x15.7x1.7x
Fri, 23 Aug 2024CA$6.6bCA$3.9bCA$436.4m8.6x15.1x1.7x
Sun, 21 Jul 2024CA$6.6bCA$4.1bCA$481.1m8.9x13.8x1.6x
Tue, 18 Jun 2024CA$5.1bCA$4.1bCA$481.0m9.2x10.6x1.3x
Thu, 16 May 2024CA$5.5bCA$4.1bCA$473.3m10.1x11.7x1.4x
Sat, 13 Apr 2024CA$5.3bCA$4.0bCA$388.1m10.6x13.7x1.3x
Mon, 11 Mar 2024CA$5.3bCA$4.0bCA$359.5m11x14.6x1.3x
Wed, 07 Feb 2024CA$5.1bCA$4.0bCA$407.0m10x12.5x1.3x
Fri, 05 Jan 2024CA$5.5bCA$4.0bCA$406.9m9x13.6x1.4x
Sun, 03 Dec 2023CA$5.3bCA$4.0bCA$398.8m8.7x13.2x1.3x
Tue, 31 Oct 2023CA$4.8bCA$4.1bCA$496.6m7.2x9.6x1.2x
Thu, 28 Sep 2023CA$4.8bCA$4.1bCA$495.3m7x9.7x1.2x
Sat, 26 Aug 2023CA$4.8bCA$4.1bCA$485.1m7.4x9.9x1.2x
Mon, 24 Jul 2023CA$5.1bCA$4.3bCA$955.9m3.8x5.3x1.2x
Wed, 21 Jun 2023CA$5.1bCA$4.3bCA$953.8m4.8x5.3x1.2x
Fri, 19 May 2023CA$5.1bCA$4.3bCA$953.7m4.7x5.3x1.2x
Sun, 16 Apr 2023CA$5.5bCA$4.5bCA$1.2b5.6x4.4x1.2x
Tue, 14 Mar 2023CA$5.7bCA$4.5bCA$1.3b5.1x4.5x1.3x
Price to Earnings Ratio

4.5x


Total Market Cap: CA$5.7bTotal Earnings: CA$1.3bTotal Revenue: CA$4.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Steel Industry Price to Earnings3Y Average 13.7x202420252026
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 23.5x which is higher than its 3-year average PE of 13.7x.
  • The 3-year average PS ratio of 2.2x is lower than the industry's current PS ratio of 4.6x.
Past Earnings Growth
  • The earnings for companies in the Steel industry have declined 53% 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 Market-2.97%
Materials-9.30%
Metals and Mining-10.26%
Steel-2.78%
Aluminum0%0
Precious Metals and Minerals-8.59%
Gold-9.58%
Diversified Metals and Mining-9.71%
Silver-14.40%
Copper-14.63%
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
MOX Morien ResourcesCA$0.244.3%
+CA$601.8k		-17.2%PS637x
CAF Canaf InvestmentsCA$0.351.4%
+CA$237.1k		22.4%PE7x

Latest News

TSL
CA$2.61
Tree Island Steel
7D
-1.9%
1Y
-10.0%
LIF
CA$30.35
Labrador Iron Ore Royalty
7D
-2.8%
1Y
0.5%
CAF
CA$0.35
Canaf Investments
7D
1.4%
1Y
22.4%
FEO
CA$1.00
Oceanic Iron Ore
7D
-1.0%
1Y
412.8%
HTRC
CA$0.25
High Tide Resources
7D
-13.8%
1Y
733.3%
DRX
CA$9.55
ADF Group
7D
-9.0%
1Y
19.4%
MOX
CA$0.24
Morien Resources
7D
4.3%
1Y
-17.2%
RXM
CA$0.035
Rockex Mining
7D
-30.0%
1Y
n/a
BKI
CA$0.12
Black Iron
7D
-11.5%
1Y
-23.3%

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
-5.1%
1Y
80.8%