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Canadian (TSX) Steel Industry Analysis

UpdatedJan 07, 2026
DataAggregated Company Financials
Companies10
  • 7D1.8%
  • 3M15.6%
  • 1Y9.3%
  • YTDn/a

The Steel industry is up 1.8% in the last week, with Labrador Iron Ore Royalty up 2.5%. Meanwhile, Black Iron actually underperformed within the industry, shrinking 14% in the last week. In the last 12 months, the industry was up 9.3%. Earnings are forecast to grow by 8.5% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 07 Jan 2026CA$2.9bCA$652.9mCA$129.0m9x22.4x4.4x
Fri, 05 Dec 2025CA$2.7bCA$661.4mCA$135.0m6.4x20.1x4.1x
Sun, 02 Nov 2025CA$2.6bCA$675.2mCA$117.2m6.1x22.2x3.8x
Tue, 30 Sep 2025CA$2.6bCA$675.2mCA$117.3m6.8x21.9x3.8x
Thu, 28 Aug 2025CA$2.5bCA$699.6mCA$132.6m7.3x18.7x3.5x
Sat, 26 Jul 2025CA$2.5bCA$718.5mCA$162.0m7.5x15.7x3.5x
Mon, 23 Jun 2025CA$2.5bCA$719.4mCA$162.0m6.7x15.3x3.4x
Wed, 21 May 2025CA$2.5bCA$771.2mCA$173.2m6.7x14.3x3.2x
Fri, 18 Apr 2025CA$2.3bCA$799.0mCA$209.2m6.2x11.1x2.9x
Sun, 16 Mar 2025CA$2.6bCA$1.0bCA$163.5m6.6x16x2.5x
Tue, 11 Feb 2025CA$2.7bCA$1.0bCA$184.3m7x14.9x2.6x
Thu, 09 Jan 2025CA$2.7bCA$1.0bCA$184.2m6.8x14.8x2.6x
Sat, 07 Dec 2024CA$2.8bCA$1.0bCA$170.9m5.8x16.3x2.7x
Mon, 04 Nov 2024CA$2.9bCA$1.1bCA$241.4m9.3x11.9x2.7x
Wed, 02 Oct 2024CA$6.6bCA$3.9bCA$415.1m8x16x1.7x
Fri, 30 Aug 2024CA$6.6bCA$3.9bCA$409.6m8.7x16.1x1.7x
Sun, 28 Jul 2024CA$6.7bCA$4.1bCA$481.2m8.9x14x1.7x
Tue, 25 Jun 2024CA$5.0bCA$4.1bCA$480.9m9.8x10.3x1.2x
Thu, 23 May 2024CA$5.7bCA$4.1bCA$473.4m10.1x11.9x1.4x
Sat, 20 Apr 2024CA$5.3bCA$4.0bCA$388.0m10.9x13.7x1.3x
Mon, 18 Mar 2024CA$5.1bCA$4.0bCA$379.5m9.8x13.4x1.3x
Wed, 14 Feb 2024CA$5.0bCA$4.0bCA$407.1m10x12.2x1.2x
Fri, 12 Jan 2024CA$5.5bCA$4.0bCA$406.9m9.4x13.5x1.4x
Sun, 10 Dec 2023CA$5.2bCA$4.0bCA$407.2m7.7x12.7x1.3x
Tue, 07 Nov 2023CA$4.8bCA$4.1bCA$499.9m6.4x9.5x1.2x
Thu, 05 Oct 2023CA$4.8bCA$4.1bCA$495.2m7x9.6x1.2x
Sat, 02 Sep 2023CA$5.0bCA$4.1bCA$489.8m7.6x10.1x1.2x
Mon, 31 Jul 2023CA$5.3bCA$4.3bCA$944.4m5.5x5.6x1.2x
Wed, 28 Jun 2023CA$5.0bCA$4.3bCA$955.8m4.9x5.2x1.2x
Fri, 26 May 2023CA$4.9bCA$4.3bCA$953.5m4.5x5.1x1.1x
Sun, 23 Apr 2023CA$5.3bCA$4.5bCA$1.2b5.3x4.3x1.2x
Tue, 21 Mar 2023CA$5.6bCA$4.5bCA$1.3b5.1x4.4x1.2x
Thu, 16 Feb 2023CA$5.8bCA$5.1bCA$1.9b6.3x3.1x1.1x
Sat, 14 Jan 2023CA$5.8bCA$5.1bCA$1.9b6x3.1x1.1x
Price to Earnings Ratio

3.1x


Total Market Cap: CA$5.8bTotal Earnings: CA$1.9bTotal Revenue: CA$5.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Steel Industry Price to Earnings3Y Average 12.7x202420252026
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 22.4x which is higher than its 3-year average PE of 12.7x.
  • The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 4.4x.
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 Market1.51%
Materials5.38%
Metals and Mining5.85%
Steel1.79%
Diversified Metals and Mining7.50%
Copper7.13%
Silver5.42%
Gold5.37%
Precious Metals and Minerals3.79%
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$30.972.5%
+CA$48.6m		4.2%PE18x
FEO Oceanic Iron OreCA$0.748.8%
+CA$9.3m		410.3%PE-1.1x
CAD Colonial Coal InternationalCA$2.751.5%
+CA$7.3m		47.8%PB25.2x
CAF Canaf InvestmentsCA$0.3610.6%
+CA$1.7m		10.6%PE7x
TSL Tree Island SteelCA$2.851.8%
+CA$1.3m		-6.9%PS0.4x

Latest News

DRX
CA$9.20
ADF Group
7D
0.4%
1Y
-3.9%

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$0.23
Morien Resources
7D
-2.2%
1Y
-2.2%
TSL
CA$2.85
Tree Island Steel
7D
1.8%
1Y
-6.9%
LIF
CA$30.97
Labrador Iron Ore Royalty
7D
2.5%
1Y
4.2%
HTRC
CA$0.18
High Tide Resources
7D
-2.6%
1Y
640.0%
FEO
CA$0.74
Oceanic Iron Ore
7D
8.8%
1Y
410.3%
CNT
CA$0.045
Century Global Commodities
7D
-10.0%
1Y
80.0%

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$0.12
Black Iron
7D
-14.3%
1Y
-11.1%

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

Nov 06
Will Black Iron (TSE:BKI) Spend Its Cash Wisely?
CAD
CA$2.75
Colonial Coal International
7D
1.5%
1Y
47.8%
CAF
CA$0.36
Canaf Investments
7D
10.6%
1Y
10.6%