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Canadian (TSX) Steel Industry Analysis

UpdatedApr 23, 2026
DataAggregated Company Financials
Companies10
  • 7D-4.6%
  • 3M-5.7%
  • 1Y14.6%
  • YTDn/a

Over the last 7 days, the Steel industry has dropped 5.9%, driven by a pullback from Labrador Iron Ore Royalty of 5.3%. Over the past 12 months, the industry was up 15%. As for the next few years, earnings are expected to grow by 15% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 23 Apr 2026CA$2.7bCA$634.8mCA$114.8m10.5x23.6x4.3x
Sat, 21 Mar 2026CA$2.7bCA$635.6mCA$117.8m8.6x22.5x4.2x
Mon, 16 Feb 2026CA$3.0bCA$652.5mCA$128.7m9.6x23.3x4.6x
Wed, 14 Jan 2026CA$3.0bCA$652.9mCA$129.0m8.6x22.9x4.5x
Fri, 12 Dec 2025CA$2.7bCA$652.9mCA$129.0m8.4x20.8x4.1x
Sun, 09 Nov 2025CA$2.6bCA$677.1mCA$114.0m6x22.7x3.8x
Tue, 07 Oct 2025CA$2.6bCA$675.2mCA$117.3m6.6x22.3x3.9x
Thu, 04 Sep 2025CA$2.5bCA$699.6mCA$132.4m6.9x18.6x3.5x
Sat, 02 Aug 2025CA$2.4bCA$718.5mCA$162.0m7.9x14.8x3.3x
Mon, 30 Jun 2025CA$2.5bCA$718.5mCA$162.0m6.9x15.2x3.4x
Wed, 28 May 2025CA$2.5bCA$771.2mCA$173.3m6.1x14.4x3.2x
Fri, 25 Apr 2025CA$2.4bCA$799.0mCA$209.2m5.9x11.4x3x
Sun, 23 Mar 2025CA$2.6bCA$1.0bCA$163.6m6.5x15.9x2.5x
Tue, 18 Feb 2025CA$2.7bCA$1.0bCA$185.3m6.4x14.8x2.6x
Thu, 16 Jan 2025CA$2.7bCA$1.0bCA$184.2m6.9x14.5x2.6x
Sat, 14 Dec 2024CA$2.8bCA$1.0bCA$175.9m5.9x15.9x2.7x
Mon, 11 Nov 2024CA$2.8bCA$1.0bCA$221.8m5.9x12.7x2.7x
Wed, 09 Oct 2024CA$6.7bCA$3.9bCA$415.0m8.1x16.1x1.7x
Fri, 06 Sep 2024CA$6.5bCA$3.9bCA$409.5m10x15.8x1.7x
Sun, 04 Aug 2024CA$6.8bCA$4.1bCA$480.2m8.9x14.1x1.7x
Tue, 02 Jul 2024CA$5.0bCA$4.1bCA$481.1m9.6x10.4x1.2x
Thu, 30 May 2024CA$5.6bCA$4.1bCA$478.4m8.9x11.7x1.4x
Sat, 27 Apr 2024CA$5.4bCA$4.0bCA$386.8m10.9x13.8x1.3x
Mon, 25 Mar 2024CA$5.2bCA$4.0bCA$379.8m9.6x13.7x1.3x
Wed, 21 Feb 2024CA$5.1bCA$4.0bCA$407.0m10.2x12.5x1.3x
Fri, 19 Jan 2024CA$5.4bCA$4.0bCA$407.0m9.3x13.3x1.3x
Sun, 17 Dec 2023CA$5.5bCA$4.0bCA$406.9m8.3x13.5x1.4x
Tue, 14 Nov 2023CA$5.0bCA$4.0bCA$403.9m8.6x12.4x1.2x
Thu, 12 Oct 2023CA$4.7bCA$4.1bCA$495.3m6.8x9.4x1.1x
Sat, 09 Sep 2023CA$4.9bCA$4.1bCA$495.3m7.3x9.8x1.2x
Mon, 07 Aug 2023CA$5.0bCA$4.3bCA$907.5m5.9x5.6x1.2x
Wed, 05 Jul 2023CA$5.1bCA$4.3bCA$955.9m3.8x5.3x1.2x
Fri, 02 Jun 2023CA$4.8bCA$4.3bCA$952.2m4.4x5.1x1.1x
Sun, 30 Apr 2023CA$5.2bCA$4.5bCA$1.2b5.1x4.2x1.1x
Price to Earnings Ratio

4.2x


Total Market Cap: CA$5.2bTotal Earnings: CA$1.2bTotal Revenue: CA$4.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Steel Industry Price to Earnings3Y Average 14.6x202420252026
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 23.8x which is higher than its 3-year average PE of 14.6x.
  • The 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 4.3x.
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 Market-0.38%
Materials-2.73%
Metals and Mining-2.82%
Steel-4.59%
Precious Metals and Minerals1.46%
Diversified Metals and Mining1.22%
Aluminum0%0
Silver-1.38%
Gold-3.67%
Copper-4.46%
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$0.801.3%
+CA$2.4m		370.6%PE-1.9x
BKI Black IronCA$0.09-5.3%
CA$817.9k		5.9%PE-15.1x
TSL Tree Island SteelCA$2.541.2%
+CA$727.1k		-1.2%PS0.4x
CNT Century Global CommoditiesCA$0.0414.3%
+CA$591.0k		0%PS0.3x
CAF Canaf InvestmentsCA$0.341.5%
+CA$237.1k		13.3%PE7.1x

Latest News

RXM
CA$0.035
Rockex Mining
7D
-12.5%
1Y
250.0%
DRX
CA$9.63
ADF Group
7D
-10.1%
1Y
59.4%
BKI
CA$0.09
Black Iron
7D
-5.3%
1Y
5.9%
LIF
CA$28.40
Labrador Iron Ore Royalty
7D
-4.3%
1Y
0.5%
HTRC
CA$0.34
High Tide Resources
7D
-13.0%
1Y
737.5%
TSL
CA$2.54
Tree Island Steel
7D
1.2%
1Y
-1.2%
MOX
CA$0.21
Morien Resources
7D
-5.7%
1Y
-27.2%
FEO
CA$0.80
Oceanic Iron Ore
7D
1.3%
1Y
370.6%
CAF
CA$0.34
Canaf Investments
7D
1.5%
1Y
13.3%
CNT
CA$0.04
Century Global Commodities
7D
14.3%
1Y
0%
CAD
CA$2.44
Colonial Coal International
7D
-2.4%
1Y
74.3%