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Canadian (TSX) Steel Industry Analysis

UpdatedMar 13, 2026
DataAggregated Company Financials
Companies10
  • 7D-6.9%
  • 3M1.3%
  • 1Y8.3%
  • YTDn/a

Over the last 7 days, the Steel industry has dropped 6.9%, driven by Labrador Iron Ore Royalty declining 8.2%. Meanwhile, High Tide Resources actually outperformed within the industry, gaining 16% in the last week. In the past year, the industry has gained 8.3%. As for the next few years, earnings are expected to grow by 7.7% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 14 Mar 2026CA$2.9bCA$635.0mCA$117.0m9x24.8x4.6x
Mon, 09 Feb 2026CA$2.9bCA$652.9mCA$129.0m9.4x22.5x4.5x
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
Price to Earnings Ratio

4.4x


Total Market Cap: CA$5.6bTotal Earnings: CA$1.3bTotal Revenue: CA$4.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Steel Industry Price to Earnings3Y Average 13.8x202420252026
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 24.8x which is higher than its 3-year average PE of 13.8x.
  • The 3-year average PS ratio of 2.3x is lower than the industry's current PS ratio of 4.6x.
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-2.19%
Materials-1.60%
Metals and Mining-2.23%
Steel-6.94%
Aluminum0%0
Gold-1.88%
Copper-2.35%
Diversified Metals and Mining-2.74%
Precious Metals and Minerals-4.32%
Silver-4.87%
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
HTRC High Tide ResourcesCA$0.2916.0%
+CA$3.5m		728.6%PE-49.1x
TSL Tree Island SteelCA$2.693.1%
+CA$2.1m		4.7%PS0.4x
CAF Canaf InvestmentsCA$0.361.4%
+CA$237.1k		20.0%PE7.1x

Latest News

LIF
CA$27.57
Labrador Iron Ore Royalty
7D
-9.2%
1Y
-8.3%
MOX
CA$0.22
Morien Resources
7D
-8.3%
1Y
-21.4%
FEO
CA$0.91
Oceanic Iron Ore
7D
-9.0%
1Y
435.3%
TSL
CA$2.69
Tree Island Steel
7D
3.1%
1Y
4.7%
CAF
CA$0.36
Canaf Investments
7D
1.4%
1Y
20.0%
HTRC
CA$0.29
High Tide Resources
7D
16.0%
1Y
728.6%
DRX
CA$8.72
ADF Group
7D
-8.7%
1Y
10.4%
RXM
CA$0.03
Rockex Mining
7D
-14.3%
1Y
n/a
BKI
CA$0.11
Black Iron
7D
-4.3%
1Y
-21.4%

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

Nov 06
Will Black Iron (TSE:BKI) Spend Its Cash Wisely?
CAD
CA$2.66
Colonial Coal International
7D
-5.7%
1Y
76.2%