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Canadian (TSX) Steel Industry Analysis

UpdatedJul 22, 2026
DataAggregated Company Financials
Companies12
  • 7D-4.5%
  • 3M-3.1%
  • 1Y13.8%
  • YTDn/a

Over the last 7 days, the Steel industry has dropped 4.5%, driven by Labrador Iron Ore Royalty declining 5.4%. In the past year, the industry has gained 14%. Earnings are forecast to grow by 22% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 22 Jul 2026CA$3.2bCA$669.2m-CA$37,491,666.8717.3x-86x4.8x
Fri, 19 Jun 2026CA$3.6bCA$669.3m-CA$37,936,093.5313.9x-94.9x5.4x
Sun, 17 May 2026CA$2.9bCA$634.6mCA$18.6m10.5x154.9x4.5x
Tue, 14 Apr 2026CA$2.9bCA$633.4mCA$117.7m10.9x24.5x4.6x
Thu, 12 Mar 2026CA$2.9bCA$652.0mCA$126.7m9.2x23.1x4.5x
Sat, 07 Feb 2026CA$2.9bCA$652.9mCA$129.0m9.4x22.1x4.4x
Mon, 05 Jan 2026CA$2.8bCA$652.9mCA$129.0m9.3x21.9x4.3x
Wed, 03 Dec 2025CA$2.7bCA$661.4mCA$135.0m6.6x19.7x4x
Fri, 31 Oct 2025CA$2.6bCA$675.2mCA$117.3m6.2x21.9x3.8x
Sun, 28 Sep 2025CA$2.6bCA$675.2mCA$117.3m6.9x21.9x3.8x
Tue, 26 Aug 2025CA$2.5bCA$699.6mCA$132.6m7.4x18.5x3.5x
Thu, 24 Jul 2025CA$2.5bCA$718.5mCA$162.0m7.2x15.4x3.5x
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
Price to Earnings Ratio

5.6x


Total Market Cap: CA$5.3bTotal Earnings: CA$944.4mTotal Revenue: CA$4.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Steel Industry Price to Earnings3Y Average 11.4x202420252026
Current Industry PE
  • Investors are optimistic on the Canadian Steel industry, and appear confident in long term growth rates.
  • The 3-year average PS ratio of 2.7x is lower than the industry's current PS ratio of 4.8x.
Past Earnings Growth
  • Total earnings for the Steel industry have declined over the last three years, with the industry now making a loss overall.
  • Revenues have also declined 46% per year, which is driving profits down.

Industry Comparison

How does Canadian Steel compare with similar industries?

CA Market0.17%
Materials-0.17%
Metals and Mining0.088%
Steel-4.46%
Copper1.44%
Silver1.34%
Gold0.62%
Aluminum0%0
Precious Metals and Minerals-0.027%
Diversified Metals and Mining-2.77%
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
DRX ADF GroupCA$17.972.9%
+CA$14.3m		126.6%PE17.3x
CAD Colonial Coal InternationalCA$2.311.8%
+CA$7.4m		42.6%PB18.8x
FEO Oceanic Iron OreCA$0.651.6%
+CA$2.6m		136.4%PB1.8x
HTRC High Tide ResourcesCA$0.242.1%
+CA$606.6k		276.9%PB5.3x

Latest News

FEO
CA$0.65
Oceanic Iron Ore
7D
1.6%
1Y
136.4%
CNT
CA$0.05
Century Global Commodities
7D
-50.0%
1Y
-9.1%
LIF
CA$25.74
Labrador Iron Ore Royalty
7D
-5.4%
1Y
-9.0%
HTRC
CA$0.24
High Tide Resources
7D
2.1%
1Y
276.9%
Analysis Article • Jul 09

Companies Like High Tide Resources (CSE:HTRC) Are In A Position To Invest In Growth

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
DRX
CA$17.97
ADF Group
7D
2.9%
1Y
126.6%
CLCH
CA$1.01
Clinch Resources
7D
-17.2%
1Y
n/a
CAF
CA$0.32
Canaf Investments
7D
-1.6%
1Y
-16.0%
TSL
CA$2.20
Tree Island Steel
7D
-2.2%
1Y
-12.7%
CAD
CA$2.31
Colonial Coal International
7D
1.8%
1Y
42.6%