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Canadian (TSX) Steel Industry Analysis

UpdatedApr 04, 2026
DataAggregated Company Financials
Companies11
  • 7D3.5%
  • 3M0.8%
  • 1Y25.1%
  • YTDn/a

In the last week, the Steel industry is up 1.6%, with Labrador Iron Ore Royalty up 5.3%. In the same time, Clinch Resources was down 11%. This takes the industry's 12 month performance to a gain of 16%. 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
Sat, 04 Apr 2026CA$3.4bCA$633.4mCA$117.6m9.2x29x5.4x
Mon, 02 Mar 2026CA$3.0bCA$652.5mCA$128.7m10.3x23.5x4.6x
Wed, 28 Jan 2026CA$2.8bCA$652.9mCA$129.0m8.1x21.7x4.3x
Fri, 26 Dec 2025CA$2.8bCA$652.9mCA$129.0m8.7x21.8x4.3x
Sun, 23 Nov 2025CA$2.6bCA$661.4mCA$129.7m6.2x19.7x3.9x
Tue, 21 Oct 2025CA$2.6bCA$675.2mCA$117.3m6.2x22.2x3.8x
Thu, 18 Sep 2025CA$2.6bCA$677.7mCA$117.3m7.1x21.9x3.8x
Sat, 16 Aug 2025CA$2.4bCA$699.6mCA$137.9m7.7x17.7x3.5x
Mon, 14 Jul 2025CA$2.4bCA$718.5mCA$162.0m6.9x14.8x3.3x
Wed, 11 Jun 2025CA$2.5bCA$771.2mCA$168.6m6.9x14.8x3.2x
Fri, 09 May 2025CA$2.6bCA$799.0mCA$211.1m5.9x12.2x3.2x
Sun, 06 Apr 2025CA$2.3bCA$810.0mCA$210.5m5.9x10.9x2.8x
Tue, 04 Mar 2025CA$2.7bCA$1.0bCA$184.3m6.5x14.5x2.6x
Thu, 30 Jan 2025CA$2.7bCA$1.0bCA$183.9m7.8x14.7x2.6x
Sat, 28 Dec 2024CA$2.8bCA$1.0bCA$175.3m5.7x15.7x2.6x
Mon, 25 Nov 2024CA$2.8bCA$1.0bCA$217.8m5.7x12.7x2.6x
Wed, 23 Oct 2024CA$6.6bCA$3.9bCA$414.9m7.6x15.9x1.7x
Fri, 20 Sep 2024CA$6.5bCA$3.9bCA$415.0m8x15.6x1.7x
Sun, 18 Aug 2024CA$6.6bCA$3.9bCA$436.5m8.9x15.2x1.7x
Tue, 16 Jul 2024CA$5.1bCA$4.1bCA$481.0m10.1x10.6x1.3x
Thu, 13 Jun 2024CA$5.2bCA$4.1bCA$481.2m9.4x10.9x1.3x
Sat, 11 May 2024CA$5.4bCA$4.1bCA$473.4m10.1x11.5x1.3x
Mon, 08 Apr 2024CA$5.2bCA$4.0bCA$379.5m10.4x13.8x1.3x
Wed, 06 Mar 2024CA$5.1bCA$4.0bCA$359.8m10.8x14.2x1.3x
Fri, 02 Feb 2024CA$5.3bCA$4.0bCA$406.9m10.1x13.1x1.3x
Sun, 31 Dec 2023CA$5.6bCA$4.0bCA$406.8m9.3x13.8x1.4x
Tue, 28 Nov 2023CA$5.1bCA$4.0bCA$405.4m9.2x12.5x1.3x
Thu, 26 Oct 2023CA$4.5bCA$4.1bCA$495.1m6.4x9.1x1.1x
Sat, 23 Sep 2023CA$4.9bCA$4.1bCA$495.5m7.2x9.9x1.2x
Mon, 21 Aug 2023CA$4.8bCA$4.1bCA$485.1m7.6x9.9x1.2x
Wed, 19 Jul 2023CA$5.3bCA$4.3bCA$956.0m3.8x5.5x1.2x
Fri, 16 Jun 2023CA$5.1bCA$4.3bCA$953.9m4.6x5.4x1.2x
Sun, 14 May 2023CA$5.1bCA$4.3bCA$953.2m4.9x5.3x1.2x
Tue, 11 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 14.2x202420252026
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 28.4x which is higher than its 3-year average PE of 14.2x.
  • 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 Market3.31%
Materials8.47%
Metals and Mining9.53%
Steel3.55%
Copper10.28%
Gold10.19%
Silver9.95%
Precious Metals and Minerals8.55%
Diversified Metals and Mining6.35%
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$29.673.3%
+CA$61.4m		10.7%PE18.9x
CAD Colonial Coal InternationalCA$2.7813.0%
+CA$59.2m		121.5%PB24.3x
FEO Oceanic Iron OreCA$0.854.9%
+CA$9.7m		431.3%PE-2x
DRX ADF GroupCA$9.342.5%
+CA$6.6m		34.4%PE9.2x
HTRC High Tide ResourcesCA$0.3212.5%
+CA$4.2m		600.0%PE-74.1x

Latest News

HTRC
CA$0.32
High Tide Resources
7D
12.5%
1Y
600.0%
DRX
CA$9.34
ADF Group
7D
2.5%
1Y
34.4%
LIF
CA$29.67
Labrador Iron Ore Royalty
7D
3.3%
1Y
10.7%
TSL
CA$2.58
Tree Island Steel
7D
1.2%
1Y
2.0%
MOX
CA$0.21
Morien Resources
7D
-6.7%
1Y
-20.8%
FEO
CA$0.85
Oceanic Iron Ore
7D
4.9%
1Y
431.3%
CAF
CA$0.33
Canaf Investments
7D
4.8%
1Y
10.0%
CNT
CA$0.035
Century Global Commodities
7D
-12.5%
1Y
0%
BKI
CA$0.11
Black Iron
7D
10.0%
1Y
22.2%

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

Nov 06
Will Black Iron (TSE:BKI) Spend Its Cash Wisely?
CAD
CA$2.78
Colonial Coal International
7D
13.0%
1Y
121.5%