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Canadian (TSX) Steel Industry Analysis

UpdatedMar 23, 2026
DataAggregated Company Financials
Companies10
  • 7D-1.4%
  • 3M-5.8%
  • 1Y4.2%
  • YTDn/a

Over the last 7 days, the Steel industry has remained flat, although notably Oceanic Iron Ore declined by 16%. As for the the longer term, the industry is up 3.4% over the past 12 months. As for the next few years, earnings are expected to grow by 7.9% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 23 Mar 2026CA$2.7bCA$635.6mCA$117.8m8.6x22.5x4.2x
Wed, 18 Feb 2026CA$3.0bCA$652.5mCA$128.7m9.4x23.3x4.6x
Fri, 16 Jan 2026CA$2.9bCA$652.9mCA$129.0m8.6x22.9x4.5x
Sun, 14 Dec 2025CA$2.7bCA$652.9mCA$129.0m8.1x21.1x4.2x
Tue, 11 Nov 2025CA$2.6bCA$677.1mCA$114.0m6x22.7x3.8x
Thu, 09 Oct 2025CA$2.6bCA$675.2mCA$117.3m6.8x22.3x3.9x
Sat, 06 Sep 2025CA$2.5bCA$699.6mCA$132.4m6.9x19.1x3.6x
Mon, 04 Aug 2025CA$2.4bCA$718.5mCA$162.0m7.9x14.6x3.3x
Wed, 02 Jul 2025CA$2.5bCA$718.5mCA$162.0m7.3x15.2x3.4x
Fri, 30 May 2025CA$2.5bCA$771.2mCA$168.6m6x14.8x3.2x
Sun, 27 Apr 2025CA$2.5bCA$799.0mCA$209.2m6.5x11.8x3.1x
Tue, 25 Mar 2025CA$2.6bCA$1.0bCA$163.7m6.6x15.9x2.5x
Thu, 20 Feb 2025CA$2.7bCA$1.0bCA$185.2m6.6x14.8x2.6x
Sat, 18 Jan 2025CA$2.7bCA$1.0bCA$184.0m7x14.9x2.6x
Mon, 16 Dec 2024CA$2.7bCA$1.0bCA$175.9m5.9x15.6x2.6x
Wed, 13 Nov 2024CA$2.8bCA$1.0bCA$221.8m6.1x12.5x2.6x
Fri, 11 Oct 2024CA$6.7bCA$3.9bCA$415.0m8.1x16.1x1.7x
Sun, 08 Sep 2024CA$6.4bCA$3.9bCA$409.5m9.9x15.5x1.6x
Tue, 06 Aug 2024CA$6.8bCA$4.1bCA$480.1m8.9x14.1x1.7x
Thu, 04 Jul 2024CA$4.9bCA$4.1bCA$481.0m9.7x10.3x1.2x
Sat, 01 Jun 2024CA$5.4bCA$4.0bCA$464.1m9x11.6x1.3x
Mon, 29 Apr 2024CA$5.4bCA$4.0bCA$386.8m10.9x13.8x1.3x
Wed, 27 Mar 2024CA$5.2bCA$4.0bCA$379.8m9.7x13.7x1.3x
Fri, 23 Feb 2024CA$5.0bCA$4.0bCA$359.0m10.4x13.9x1.3x
Sun, 21 Jan 2024CA$5.4bCA$4.0bCA$407.0m9.4x13.3x1.3x
Tue, 19 Dec 2023CA$5.5bCA$4.0bCA$406.9m8.4x13.5x1.4x
Thu, 16 Nov 2023CA$5.2bCA$4.0bCA$403.7m8.6x12.8x1.3x
Sat, 14 Oct 2023CA$4.5bCA$4.1bCA$495.2m6.5x9.1x1.1x
Mon, 11 Sep 2023CA$4.8bCA$4.1bCA$495.3m7.3x9.7x1.2x
Wed, 09 Aug 2023CA$4.9bCA$4.3bCA$907.4m5.9x5.4x1.1x
Fri, 07 Jul 2023CA$5.0bCA$4.3bCA$955.5m3.8x5.2x1.1x
Sun, 04 Jun 2023CA$5.0bCA$4.3bCA$952.3m4.8x5.2x1.2x
Tue, 02 May 2023CA$5.2bCA$4.5bCA$1.2b4.6x4.2x1.1x
Thu, 30 Mar 2023CA$5.5bCA$4.5bCA$1.3b5.2x4.3x1.2x
Price to Earnings Ratio

4.3x


Total Market Cap: CA$5.5bTotal Earnings: CA$1.3bTotal Revenue: CA$4.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Steel Industry Price to Earnings3Y Average 14x202420252026
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 22.5x which is higher than its 3-year average PE of 14.0x.
  • 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-4.49%
Materials-13.66%
Metals and Mining-14.75%
Steel-1.37%
Aluminum0%0
Diversified Metals and Mining-12.30%
Copper-13.94%
Gold-15.21%
Precious Metals and Minerals-16.93%
Silver-18.30%
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$8.780.7%
+CA$1.7m		16.4%PE8.6x
RXM Rockex MiningCA$0.03516.7%
+CA$668.4k		n/aPE-5.9x
TSL Tree Island SteelCA$2.620.8%
+CA$518.1k		6.9%PS0.4x

Latest News

LIF
CA$27.27
Labrador Iron Ore Royalty
7D
-0.9%
1Y
-10.3%
TSL
CA$2.62
Tree Island Steel
7D
0.8%
1Y
6.9%
FEO
CA$0.76
Oceanic Iron Ore
7D
-12.6%
1Y
360.6%
CAF
CA$0.33
Canaf Investments
7D
-7.1%
1Y
8.3%
HTRC
CA$0.27
High Tide Resources
7D
-10.0%
1Y
671.4%
DRX
CA$8.78
ADF Group
7D
0.7%
1Y
16.4%
RXM
CA$0.035
Rockex Mining
7D
16.7%
1Y
n/a
BKI
CA$0.10
Black Iron
7D
-4.5%
1Y
-30.0%

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

Nov 06
Will Black Iron (TSE:BKI) Spend Its Cash Wisely?
CAD
CA$2.70
Colonial Coal International
7D
-2.9%
1Y
98.5%