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Canadian (TSX) Steel Industry Analysis

UpdatedMar 15, 2026
DataAggregated Company Financials
Companies10
  • 7D-7.9%
  • 3M-2.5%
  • 1Y3.6%
  • YTDn/a

Over the last 7 days, the Steel industry has dropped 7.9%, driven by a pullback from Labrador Iron Ore Royalty of 9.2%. Meanwhile, High Tide Resources actually outperformed within the industry, gaining 16% in the last week. In the past year, the industry has gained 3.6%. Earnings are forecast to grow by 7.8% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 15 Mar 2026CA$2.7bCA$635.6mCA$117.1m8.6x22.8x4.2x
Tue, 10 Feb 2026CA$2.9bCA$652.9mCA$129.0m9.8x22.5x4.5x
Thu, 08 Jan 2026CA$2.9bCA$652.9mCA$129.0m8.9x22.6x4.5x
Sat, 06 Dec 2025CA$2.7bCA$661.4mCA$135.0m6.4x20x4.1x
Mon, 03 Nov 2025CA$2.6bCA$675.2mCA$117.2m6.1x22.2x3.8x
Wed, 01 Oct 2025CA$2.6bCA$675.2mCA$117.3m6.8x21.8x3.8x
Fri, 29 Aug 2025CA$2.5bCA$699.6mCA$132.4m6.9x18.7x3.5x
Sun, 27 Jul 2025CA$2.5bCA$718.5mCA$162.0m7.5x15.5x3.5x
Tue, 24 Jun 2025CA$2.5bCA$719.4mCA$162.0m7.1x15.2x3.4x
Thu, 22 May 2025CA$2.5bCA$771.2mCA$173.2m6.6x14.4x3.2x
Sat, 19 Apr 2025CA$2.3bCA$799.0mCA$209.2m6.2x11.1x2.9x
Mon, 17 Mar 2025CA$2.6bCA$1.0bCA$163.5m6.6x16x2.5x
Wed, 12 Feb 2025CA$2.7bCA$1.0bCA$184.4m6.6x14.7x2.6x
Fri, 10 Jan 2025CA$2.7bCA$1.0bCA$184.0m6.9x14.6x2.6x
Sun, 08 Dec 2024CA$2.8bCA$1.0bCA$170.9m5.8x16.2x2.7x
Tue, 05 Nov 2024CA$2.9bCA$1.1bCA$241.5m6.2x11.9x2.7x
Thu, 03 Oct 2024CA$6.6bCA$3.9bCA$415.1m8x16x1.7x
Sat, 31 Aug 2024CA$6.6bCA$3.9bCA$409.6m8.8x16.1x1.7x
Mon, 29 Jul 2024CA$6.7bCA$4.1bCA$481.2m8.9x14x1.7x
Wed, 26 Jun 2024CA$5.0bCA$4.1bCA$480.9m9.7x10.4x1.2x
Fri, 24 May 2024CA$5.5bCA$4.1bCA$473.5m10x11.6x1.4x
Sun, 21 Apr 2024CA$5.3bCA$4.0bCA$388.0m10.8x13.5x1.3x
Tue, 19 Mar 2024CA$5.1bCA$4.0bCA$379.5m9.7x13.4x1.3x
Thu, 15 Feb 2024CA$5.0bCA$4.0bCA$407.0m10.1x12.2x1.2x
Sat, 13 Jan 2024CA$5.5bCA$4.0bCA$406.9m9.2x13.5x1.4x
Mon, 11 Dec 2023CA$5.2bCA$4.0bCA$407.2m7.7x12.7x1.3x
Wed, 08 Nov 2023CA$4.7bCA$4.1bCA$500.0m6.4x9.4x1.1x
Fri, 06 Oct 2023CA$4.7bCA$4.1bCA$495.2m7x9.5x1.1x
Sun, 03 Sep 2023CA$5.0bCA$4.1bCA$490.3m7.6x10.1x1.2x
Tue, 01 Aug 2023CA$5.4bCA$4.3bCA$944.5m6x5.8x1.3x
Thu, 29 Jun 2023CA$4.9bCA$4.3bCA$955.3m4.9x5.2x1.1x
Sat, 27 May 2023CA$5.0bCA$4.3bCA$953.7m4.5x5.2x1.2x
Mon, 24 Apr 2023CA$5.3bCA$4.5bCA$1.2b5.3x4.3x1.2x
Wed, 22 Mar 2023CA$5.6bCA$4.5bCA$1.3b5x4.4x1.2x
Price to Earnings Ratio

4.4x


Total Market Cap: CA$5.6bTotal Earnings: CA$1.3bTotal Revenue: CA$4.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Steel Industry Price to Earnings3Y Average 13.9x202420252026
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 22.8x which is higher than its 3-year average PE of 13.9x.
  • The 3-year average PS ratio of 2.3x is lower than the industry's current PS ratio of 4.2x.
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 Market-1.70%
Materials-4.80%
Metals and Mining-5.80%
Steel-7.89%
Aluminum0%0
Copper-2.01%
Diversified Metals and Mining-4.14%
Gold-6.25%
Precious Metals and Minerals-9.79%
Silver-10.28%
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
HTRC High Tide ResourcesCA$0.2916.0%
+CA$3.5m		728.6%PE-49.1x
TSL Tree Island SteelCA$2.693.1%
+CA$2.1m		4.7%PS0.4x
CAF Canaf InvestmentsCA$0.361.4%
+CA$237.1k		20.0%PE7.1x

Latest News

TSL
CA$2.69
Tree Island Steel
7D
3.1%
1Y
4.7%
LIF
CA$27.57
Labrador Iron Ore Royalty
7D
-9.2%
1Y
-8.3%
MOX
CA$0.22
Morien Resources
7D
-8.3%
1Y
-21.4%
FEO
CA$0.91
Oceanic Iron Ore
7D
-9.0%
1Y
435.3%
CAF
CA$0.36
Canaf Investments
7D
1.4%
1Y
20.0%
HTRC
CA$0.29
High Tide Resources
7D
16.0%
1Y
728.6%
DRX
CA$8.72
ADF Group
7D
-8.7%
1Y
10.4%
RXM
CA$0.03
Rockex Mining
7D
-14.3%
1Y
n/a
BKI
CA$0.11
Black Iron
7D
-4.3%
1Y
-21.4%

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

Nov 06
Will Black Iron (TSE:BKI) Spend Its Cash Wisely?
CAD
CA$2.66
Colonial Coal International
7D
-5.7%
1Y
76.2%