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Canadian (TSX) Steel Industry Analysis
UpdatedApr 09, 2026
DataAggregated Company Financials
Companies11
- 7D3.9%
- 3M0.4%
- 1Y24.4%
- YTDn/a
The Steel is pretty flat in the last 7 days, but Colonial Coal International has stood out, gaining 4.2%. As for the the longer term, the industry is up 28% over the past 12 months. Earnings are forecast to grow by 32% annually.
Industry Valuation and Performance
Has the Canadian Steel Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 09 Apr 2026 | CA$3.4b | CA$633.4m | CA$117.7m | 9.6x | 28.8x | 5.3x |
| Sat, 07 Mar 2026 | CA$3.0b | CA$652.0m | CA$128.6m | 9.4x | 23.1x | 4.6x |
| Mon, 02 Feb 2026 | CA$2.9b | CA$652.9m | CA$129.0m | 8.7x | 22.4x | 4.4x |
| Wed, 31 Dec 2025 | CA$2.9b | CA$652.9m | CA$129.0m | 9x | 22.2x | 4.4x |
| Fri, 28 Nov 2025 | CA$2.6b | CA$661.4m | CA$134.8m | 6.4x | 19.5x | 4x |
| Sun, 26 Oct 2025 | CA$2.6b | CA$675.2m | CA$117.3m | 6.2x | 21.9x | 3.8x |
| Tue, 23 Sep 2025 | CA$2.6b | CA$675.2m | CA$117.3m | 6.8x | 21.8x | 3.8x |
| Thu, 21 Aug 2025 | CA$2.4b | CA$699.6m | CA$137.9m | 7.6x | 17.4x | 3.4x |
| Sat, 19 Jul 2025 | CA$2.5b | CA$718.5m | CA$162.0m | 7.1x | 15.1x | 3.4x |
| Mon, 16 Jun 2025 | CA$2.5b | CA$719.4m | CA$162.1m | 6.9x | 15.2x | 3.4x |
| Wed, 14 May 2025 | CA$2.5b | CA$771.2m | CA$173.2m | 6.1x | 14.5x | 3.3x |
| Fri, 11 Apr 2025 | CA$2.4b | CA$810.0m | CA$210.6m | 5.7x | 11.3x | 2.9x |
| Sun, 09 Mar 2025 | CA$2.7b | CA$1.0b | CA$184.4m | 6.4x | 14.4x | 2.6x |
| Tue, 04 Feb 2025 | CA$2.7b | CA$1.0b | CA$183.4m | 7.4x | 14.7x | 2.6x |
| Thu, 02 Jan 2025 | CA$2.7b | CA$1.0b | CA$175.4m | 6.2x | 15.3x | 2.6x |
| Sat, 30 Nov 2024 | CA$2.7b | CA$1.0b | CA$173.0m | 5.7x | 15.9x | 2.6x |
| Mon, 28 Oct 2024 | CA$6.6b | CA$3.9b | CA$414.5m | 7.7x | 15.9x | 1.7x |
| Wed, 25 Sep 2024 | CA$6.5b | CA$3.9b | CA$415.0m | 8.1x | 15.7x | 1.7x |
| Fri, 23 Aug 2024 | CA$6.6b | CA$3.9b | CA$436.4m | 8.6x | 15.1x | 1.7x |
| Sun, 21 Jul 2024 | CA$6.6b | CA$4.1b | CA$481.1m | 8.9x | 13.8x | 1.6x |
| Tue, 18 Jun 2024 | CA$5.1b | CA$4.1b | CA$481.0m | 9.2x | 10.6x | 1.3x |
| Thu, 16 May 2024 | CA$5.5b | CA$4.1b | CA$473.3m | 10.1x | 11.7x | 1.4x |
| Sat, 13 Apr 2024 | CA$5.3b | CA$4.0b | CA$388.1m | 10.6x | 13.7x | 1.3x |
| Mon, 11 Mar 2024 | CA$5.3b | CA$4.0b | CA$359.5m | 11x | 14.6x | 1.3x |
| Wed, 07 Feb 2024 | CA$5.1b | CA$4.0b | CA$407.0m | 10x | 12.5x | 1.3x |
| Fri, 05 Jan 2024 | CA$5.5b | CA$4.0b | CA$406.9m | 9x | 13.6x | 1.4x |
| Sun, 03 Dec 2023 | CA$5.3b | CA$4.0b | CA$398.8m | 8.7x | 13.2x | 1.3x |
| Tue, 31 Oct 2023 | CA$4.8b | CA$4.1b | CA$496.6m | 7.2x | 9.6x | 1.2x |
| Thu, 28 Sep 2023 | CA$4.8b | CA$4.1b | CA$495.3m | 7x | 9.7x | 1.2x |
| Sat, 26 Aug 2023 | CA$4.8b | CA$4.1b | CA$485.1m | 7.4x | 9.9x | 1.2x |
| Mon, 24 Jul 2023 | CA$5.1b | CA$4.3b | CA$955.9m | 3.8x | 5.3x | 1.2x |
| Wed, 21 Jun 2023 | CA$5.1b | CA$4.3b | CA$953.8m | 4.8x | 5.3x | 1.2x |
| Fri, 19 May 2023 | CA$5.1b | CA$4.3b | CA$953.7m | 4.7x | 5.3x | 1.2x |
| Sun, 16 Apr 2023 | CA$5.5b | CA$4.5b | CA$1.2b | 5.6x | 4.4x | 1.2x |
Price to Earnings Ratio
4.4x
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 29.0x which is higher than its 3-year average PE of 14.3x.
- The 3-year average PS ratio of 2.3x is lower than the industry's current PS ratio of 5.4x.
Past Earnings Growth
- The earnings for companies in the Steel industry have declined 54% 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 | 1.91% | |
| Materials | 2.06% | |
| Metals and Mining | 2.28% | |
| Steel | 3.91% | |
| Copper | 6.66% | |
| Diversified Metals and Mining | 3.39% | |
| Gold | 1.87% | |
| Aluminum | 0% | 0 |
| Precious Metals and Minerals | -0.076% | |
| Silver | -3.24% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| LIF Labrador Iron Ore Royalty | CA$30.53 | 3.1% +CA$58.9m | 11.0% | PE19.4x | |
| CLCH Clinch Resources | CA$1.52 | 6.3% +CA$32.0m | n/a | n/a | |
| CAD Colonial Coal International | CA$2.77 | 3.4% +CA$16.7m | 106.7% | PB24.2x | |
| HTRC High Tide Resources | CA$0.39 | 30.0% +CA$10.9m | 875.0% | PE-91.8x | |
| DRX ADF Group | CA$9.74 | 2.6% +CA$7.1m | 28.0% | PE9.6x |