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Canadian (TSX) Steel Industry Analysis

UpdatedAug 28, 2025
DataAggregated Company Financials
Companies11
  • 7D3.4%
  • 3M-0.05%
  • 1Y-16.5%
  • YTDn/a

In the last week, the Steel industry is up 3.4%, with Oceanic Iron Ore up 54%. However, the industry is down 17% over the past year. As for the next few years, earnings are expected to grow by 7.2% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Mon, 12 Dec 2022CA$5.3bCA$5.1bCA$1.9b5.9x2.9x1x
Wed, 09 Nov 2022CA$4.6bCA$5.6bCA$2.3b3.6x2x0.8x
Fri, 07 Oct 2022CA$4.6bCA$5.6bCA$2.3b3.6x2x0.8x
Sun, 04 Sep 2022CA$4.8bCA$5.6bCA$2.3b4x2x0.8x
Price to Earnings Ratio

2x


Total Market Cap: CA$4.8bTotal Earnings: CA$2.3bTotal Revenue: CA$5.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Steel Industry Price to Earnings3Y Average 10.4x202320242025
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 18.7x which is higher than its 3-year average PE of 10.4x.
  • The 3-year average PS ratio of 1.7x is lower than the industry's current PS ratio of 3.5x.
Past Earnings Growth
  • The earnings for companies in the Steel industry have declined 62% per year over the last three years,
  • Revenues have also declined 50% 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 Market1.88%
Materials4.30%
Metals and Mining4.80%
Steel3.44%
Precious Metals and Minerals8.88%
Silver5.62%
Diversified Metals and Mining4.88%
Gold4.78%
Copper4.17%
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
FEO Oceanic Iron OreCA$0.8053.8%
+CA$33.2m		742.1%PB4.2x
LIF Labrador Iron Ore RoyaltyCA$26.711.5%
+CA$25.6m		-10.9%PE15.1x
DRX ADF GroupCA$9.166.9%
+CA$16.6m		-30.1%PE5.1x
CAD Colonial Coal InternationalCA$1.433.6%
+CA$9.1m		-51.5%PB12.5x
RXM Rockex MiningCA$0.025150.0%
+CA$2.0m		150.0%PE-4.3x

Latest News

RXM
CA$0.025
Rockex Mining
7D
150.0%
1Y
150.0%
FEO
CA$0.80
Oceanic Iron Ore
7D
53.8%
1Y
742.1%
HTRC
CA$0.08
High Tide Resources
7D
6.7%
1Y
166.7%
CNT
CA$0.055
Century Global Commodities
7D
10.0%
1Y
83.3%
MOX
CA$0.28
Morien Resources
7D
-5.0%
1Y
-8.1%
TSL
CA$2.53
Tree Island Steel
7D
0.4%
1Y
-8.3%
LIF
CA$26.71
Labrador Iron Ore Royalty
7D
1.5%
1Y
-10.9%
DRX
CA$9.16
ADF Group
7D
6.9%
1Y
-30.1%

ADF Group Inc.'s (TSE:DRX) Shares Bounce 30% But Its Business Still Trails The Market

Jul 24
ADF Group Inc.'s (TSE:DRX) Shares Bounce 30% But Its Business Still Trails The Market
BKI
CA$0.14
Black Iron
7D
-3.6%
1Y
200.0%

Here's Why We're Watching Black Iron's (TSE:BKI) Cash Burn Situation

Jul 11
Here's Why We're Watching Black Iron's (TSE:BKI) Cash Burn Situation
CAF
CA$0.38
Canaf Investments
7D
-3.8%
1Y
46.2%

Further Upside For Canaf Investments Inc. (CVE:CAF) Shares Could Introduce Price Risks After 27% Bounce

Jul 01
Further Upside For Canaf Investments Inc. (CVE:CAF) Shares Could Introduce Price Risks After 27% Bounce
CAD
CA$1.43
Colonial Coal International
7D
3.6%
1Y
-51.5%