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Canadian (TSX) Steel Industry Analysis
UpdatedApr 01, 2026
DataAggregated Company Financials
Companies11
- 7D-3.2%
- 3M-1.2%
- 1Y8.8%
- YTDn/a
Over the last 7 days, the Steel industry has dropped 5.6%, driven by Clinch Resources declining 20%. Over the past 12 months, the industry was up 8.4%. Looking forward, earnings are forecast to grow by 32% annually.
Industry Valuation and Performance
Has the Canadian Steel Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 01 Apr 2026 | CA$3.3b | CA$633.4m | CA$117.6m | 9.2x | 28x | 5.2x |
| Fri, 27 Feb 2026 | CA$3.0b | CA$652.5m | CA$128.7m | 10.4x | 23.6x | 4.7x |
| Sun, 25 Jan 2026 | CA$2.9b | CA$652.9m | CA$129.0m | 8.2x | 22.4x | 4.4x |
| Tue, 23 Dec 2025 | CA$2.8b | CA$652.9m | CA$129.0m | 8.6x | 21.4x | 4.2x |
| Thu, 20 Nov 2025 | CA$2.7b | CA$661.4m | CA$113.8m | 6.4x | 23.4x | 4x |
| Sat, 18 Oct 2025 | CA$2.6b | CA$675.2m | CA$117.3m | 6.2x | 22.5x | 3.9x |
| Mon, 15 Sep 2025 | CA$2.6b | CA$677.7m | CA$117.3m | 7.1x | 21.9x | 3.8x |
| Wed, 13 Aug 2025 | CA$2.4b | CA$699.2m | CA$137.8m | 7.4x | 17.2x | 3.4x |
| Fri, 11 Jul 2025 | CA$2.4b | CA$718.5m | CA$162.0m | 6.9x | 14.6x | 3.3x |
| Sun, 08 Jun 2025 | CA$2.5b | CA$771.2m | CA$168.5m | 6.4x | 14.8x | 3.2x |
| Tue, 06 May 2025 | CA$2.5b | CA$799.0m | CA$211.1m | 5.9x | 12x | 3.2x |
| Thu, 03 Apr 2025 | CA$2.6b | CA$810.0m | CA$210.5m | 6.3x | 12.2x | 3.2x |
| Sat, 01 Mar 2025 | CA$2.7b | CA$1.0b | CA$184.4m | 6.2x | 14.6x | 2.6x |
| Mon, 27 Jan 2025 | CA$2.8b | CA$1.0b | CA$184.2m | 7.7x | 15.1x | 2.7x |
| Wed, 25 Dec 2024 | CA$2.8b | CA$1.0b | CA$175.4m | 5.8x | 15.7x | 2.6x |
| Fri, 22 Nov 2024 | CA$2.8b | CA$1.0b | CA$222.1m | 5.7x | 12.4x | 2.6x |
| Sun, 20 Oct 2024 | CA$6.6b | CA$3.9b | CA$414.9m | 7.7x | 15.9x | 1.7x |
| Tue, 17 Sep 2024 | CA$6.5b | CA$3.9b | CA$422.0m | 8.2x | 15.4x | 1.7x |
| Thu, 15 Aug 2024 | CA$6.6b | CA$3.9b | CA$436.5m | 9x | 15.2x | 1.7x |
| Sat, 13 Jul 2024 | CA$5.1b | CA$4.1b | CA$481.0m | 9.5x | 10.5x | 1.2x |
| Mon, 10 Jun 2024 | CA$5.2b | CA$4.0b | CA$471.4m | 9.5x | 11.1x | 1.3x |
| Wed, 08 May 2024 | CA$5.3b | CA$4.0b | CA$383.8m | 11.6x | 13.8x | 1.3x |
| Fri, 05 Apr 2024 | CA$5.3b | CA$4.0b | CA$379.7m | 10.1x | 13.9x | 1.3x |
| Sun, 03 Mar 2024 | CA$5.1b | CA$4.0b | CA$359.7m | 10.8x | 14.2x | 1.3x |
| Tue, 30 Jan 2024 | CA$5.4b | CA$4.0b | CA$406.9m | 9.7x | 13.3x | 1.3x |
| Thu, 28 Dec 2023 | CA$5.6b | CA$4.0b | CA$406.7m | 9.2x | 13.9x | 1.4x |
| Sat, 25 Nov 2023 | CA$5.0b | CA$4.0b | CA$405.4m | 9.3x | 12.4x | 1.3x |
| Mon, 23 Oct 2023 | CA$4.5b | CA$4.1b | CA$495.2m | 6.4x | 9.1x | 1.1x |
| Wed, 20 Sep 2023 | CA$4.9b | CA$4.1b | CA$495.6m | 7x | 9.9x | 1.2x |
| Fri, 18 Aug 2023 | CA$4.8b | CA$4.1b | CA$485.1m | 7.6x | 10x | 1.2x |
| Sun, 16 Jul 2023 | CA$5.2b | CA$4.3b | CA$955.9m | 3.8x | 5.4x | 1.2x |
| Tue, 13 Jun 2023 | CA$5.0b | CA$4.3b | CA$953.5m | 4.8x | 5.2x | 1.2x |
| Thu, 11 May 2023 | CA$5.1b | CA$4.5b | CA$1.2b | 5x | 4.1x | 1.1x |
| Sat, 08 Apr 2023 | CA$5.4b | CA$4.5b | CA$1.3b | 5.2x | 4.2x | 1.2x |
Price to Earnings Ratio
4.2x
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 27.9x which is higher than its 3-year average PE of 14.1x.
- The 3-year average PS ratio of 2.3x is lower than the industry's current PS ratio of 5.2x.
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 | 2.38% | |
| Materials | 7.97% | |
| Metals and Mining | 9.01% | |
| Steel | -3.15% | |
| Gold | 9.95% | |
| Silver | 8.96% | |
| Copper | 7.57% | |
| Precious Metals and Minerals | 6.59% | |
| Diversified Metals and Mining | 6.28% | |
| Aluminum | 0% | 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| LIF Labrador Iron Ore Royalty | CA$29.32 | 3.9% +CA$70.4m | -2.4% | PE18.7x | |
| FEO Oceanic Iron Ore | CA$0.87 | 7.4% +CA$14.6m | 357.9% | PE-2.1x | |
| HTRC High Tide Resources | CA$0.30 | 11.1% +CA$3.6m | 566.7% | PE-70.6x |