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Canadian (TSX) Steel Industry Analysis

UpdatedJan 13, 2026
DataAggregated Company Financials
Companies10
  • 7D1.5%
  • 3M16.9%
  • 1Y13.4%
  • YTDn/a

The Steel industry is up 2.9% in the last week, with Labrador Iron Ore Royalty up 2.8%. In the same time, Tree Island Steel was down 7.2%. This means that the industry has gained 15% over the past year. Earnings are forecast to grow by 8.6% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 13 Jan 2026CA$3.0bCA$652.9mCA$129.0m8.9x22.9x4.5x
Thu, 11 Dec 2025CA$2.7bCA$661.4mCA$135.1m6.6x19.9x4.1x
Sat, 08 Nov 2025CA$2.6bCA$676.5mCA$114.0m6x22.4x3.8x
Mon, 06 Oct 2025CA$2.6bCA$675.2mCA$117.3m6.8x22.3x3.9x
Wed, 03 Sep 2025CA$2.5bCA$699.6mCA$132.4m6.9x18.6x3.5x
Fri, 01 Aug 2025CA$2.4bCA$718.5mCA$162.0m7.7x14.9x3.4x
Sun, 29 Jun 2025CA$2.5bCA$718.5mCA$162.0m6.9x15.2x3.4x
Tue, 27 May 2025CA$2.5bCA$771.2mCA$173.3m6.1x14.3x3.2x
Thu, 24 Apr 2025CA$2.4bCA$799.0mCA$209.2m5.9x11.3x2.9x
Sat, 22 Mar 2025CA$2.6bCA$1.0bCA$163.6m6.5x15.9x2.5x
Mon, 17 Feb 2025CA$2.7bCA$1.0bCA$185.3m6.4x14.8x2.6x
Wed, 15 Jan 2025CA$2.7bCA$1.0bCA$184.0m7x14.5x2.6x
Fri, 13 Dec 2024CA$2.8bCA$1.0bCA$175.9m5.9x15.9x2.7x
Sun, 10 Nov 2024CA$2.8bCA$1.0bCA$221.8m5.9x12.7x2.7x
Tue, 08 Oct 2024CA$6.7bCA$3.9bCA$415.0m7.9x16.1x1.7x
Thu, 05 Sep 2024CA$6.5bCA$3.9bCA$409.5m10.1x15.9x1.7x
Sat, 03 Aug 2024CA$6.8bCA$4.1bCA$481.2m8.9x14.2x1.7x
Mon, 01 Jul 2024CA$5.0bCA$4.1bCA$481.0m9.6x10.4x1.2x
Wed, 29 May 2024CA$5.6bCA$4.1bCA$473.3m10.2x11.7x1.4x
Fri, 26 Apr 2024CA$5.2bCA$4.0bCA$387.8m10.9x13.5x1.3x
Sun, 24 Mar 2024CA$5.2bCA$4.0bCA$379.7m9.6x13.7x1.3x
Tue, 20 Feb 2024CA$5.1bCA$4.0bCA$407.0m10.3x12.6x1.3x
Thu, 18 Jan 2024CA$5.4bCA$4.0bCA$407.1m9.2x13.3x1.3x
Sat, 16 Dec 2023CA$5.5bCA$4.0bCA$406.9m8.3x13.5x1.4x
Mon, 13 Nov 2023CA$5.0bCA$4.0bCA$403.9m8.6x12.3x1.2x
Wed, 11 Oct 2023CA$4.7bCA$4.1bCA$495.3m7.1x9.6x1.2x
Fri, 08 Sep 2023CA$4.9bCA$4.1bCA$490.2m7.4x9.9x1.2x
Sun, 06 Aug 2023CA$5.0bCA$4.3bCA$907.5m5.9x5.6x1.2x
Tue, 04 Jul 2023CA$5.0bCA$4.3bCA$955.8m3.8x5.3x1.2x
Thu, 01 Jun 2023CA$5.0bCA$4.3bCA$953.8m4.4x5.2x1.2x
Sat, 29 Apr 2023CA$5.2bCA$4.5bCA$1.2b5.2x4.2x1.1x
Mon, 27 Mar 2023CA$5.5bCA$4.5bCA$1.3b5.1x4.3x1.2x
Wed, 22 Feb 2023CA$5.8bCA$5.1bCA$1.9b6.2x3.1x1.1x
Fri, 20 Jan 2023CA$5.7bCA$5.1bCA$1.9b5.9x3.1x1.1x
Price to Earnings Ratio

3.1x


Total Market Cap: CA$5.7bTotal Earnings: CA$1.9bTotal Revenue: CA$5.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Steel Industry Price to Earnings3Y Average 12.8x202420252026
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 23.0x which is higher than its 3-year average PE of 12.8x.
  • The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 4.5x.
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 Market1.53%
Materials3.91%
Metals and Mining4.21%
Steel1.51%
Silver6.42%
Gold4.50%
Copper3.35%
Diversified Metals and Mining3.10%
Precious Metals and Minerals2.44%
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
CAD Colonial Coal InternationalCA$2.926.2%
+CA$31.1m		74.9%PB26.8x
LIF Labrador Iron Ore RoyaltyCA$31.281.0%
+CA$19.8m		5.4%PE18.1x
BKI Black IronCA$0.138.3%
+CA$3.1m		-16.1%PE-14.2x
FEO Oceanic Iron OreCA$0.751.4%
+CA$1.5m		219.1%PE-1.1x
HTRC High Tide ResourcesCA$0.192.7%
+CA$431.1k		533.3%PE-38.6x

Latest News

LIF
CA$31.28
Labrador Iron Ore Royalty
7D
1.0%
1Y
5.4%
DRX
CA$9.06
ADF Group
7D
-1.5%
1Y
6.7%

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$0.22
Morien Resources
7D
-2.2%
1Y
-8.3%
TSL
CA$2.65
Tree Island Steel
7D
-7.0%
1Y
-8.9%
HTRC
CA$0.19
High Tide Resources
7D
2.7%
1Y
533.3%
FEO
CA$0.75
Oceanic Iron Ore
7D
1.4%
1Y
219.1%
CNT
CA$0.045
Century Global Commodities
7D
-10.0%
1Y
50.0%

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
8.3%
1Y
-16.1%

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

Nov 06
Will Black Iron (TSE:BKI) Spend Its Cash Wisely?
CAD
CA$2.92
Colonial Coal International
7D
6.2%
1Y
74.9%
CAF
CA$0.36
Canaf Investments
7D
-1.4%
1Y
2.9%