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Canadian (TSX) Steel Industry Analysis

UpdatedMar 01, 2026
DataAggregated Company Financials
Companies10
  • 7D-1.6%
  • 3M12.9%
  • 1Y14.7%
  • YTDn/a

Over the last 7 days, the Steel industry has dropped 1.6%, driven by a pullback from Colonial Coal International of 11%. Meanwhile, Oceanic Iron Ore actually outperformed within the industry, gaining 8.6% in the last week. This takes the industry's 12 month performance to a gain of 15%. As for the next few years, earnings are expected to grow by 6.7% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 01 Mar 2026CA$3.0bCA$652.5mCA$128.7m10.3x23.5x4.6x
Tue, 27 Jan 2026CA$2.9bCA$652.9mCA$129.0m8.1x22.4x4.4x
Thu, 25 Dec 2025CA$2.8bCA$652.9mCA$129.0m8.7x21.8x4.3x
Sat, 22 Nov 2025CA$2.7bCA$661.4mCA$113.8m6.2x23.6x4.1x
Mon, 20 Oct 2025CA$2.6bCA$675.2mCA$117.3m6.2x22.3x3.9x
Wed, 17 Sep 2025CA$2.6bCA$677.7mCA$117.3m6.9x22x3.8x
Fri, 15 Aug 2025CA$2.4bCA$699.6mCA$137.9m7.7x17.6x3.5x
Sun, 13 Jul 2025CA$2.4bCA$718.5mCA$162.0m6.9x14.8x3.3x
Tue, 10 Jun 2025CA$2.5bCA$771.2mCA$168.5m6.9x14.7x3.2x
Thu, 08 May 2025CA$2.6bCA$799.0mCA$211.1m5.9x12.2x3.2x
Sat, 05 Apr 2025CA$2.5bCA$810.0mCA$210.5m5.9x11.7x3.1x
Mon, 03 Mar 2025CA$2.7bCA$1.0bCA$184.1m6.8x14.6x2.6x
Wed, 29 Jan 2025CA$2.8bCA$1.0bCA$184.0m7.9x14.9x2.6x
Fri, 27 Dec 2024CA$2.8bCA$1.0bCA$175.3m5.8x15.7x2.6x
Sun, 24 Nov 2024CA$2.8bCA$1.0bCA$217.8m5.7x12.7x2.6x
Tue, 22 Oct 2024CA$6.6bCA$3.9bCA$414.9m7.5x15.9x1.7x
Thu, 19 Sep 2024CA$6.5bCA$3.9bCA$422.0m7.9x15.4x1.7x
Sat, 17 Aug 2024CA$6.6bCA$3.9bCA$436.5m8.9x15.2x1.7x
Mon, 15 Jul 2024CA$5.1bCA$4.1bCA$481.0m9.5x10.6x1.3x
Wed, 12 Jun 2024CA$5.2bCA$4.0bCA$471.3m9.2x11.1x1.3x
Fri, 10 May 2024CA$5.3bCA$4.1bCA$473.4m9.9x11.2x1.3x
Sun, 07 Apr 2024CA$5.2bCA$4.0bCA$379.5m10.4x13.8x1.3x
Tue, 05 Mar 2024CA$5.1bCA$4.0bCA$359.7m10.8x14.2x1.3x
Thu, 01 Feb 2024CA$5.4bCA$4.0bCA$407.0m9.8x13.3x1.3x
Sat, 30 Dec 2023CA$5.6bCA$4.0bCA$406.8m9.3x13.7x1.4x
Mon, 27 Nov 2023CA$5.1bCA$4.0bCA$405.4m9.3x12.5x1.3x
Wed, 25 Oct 2023CA$4.5bCA$4.1bCA$495.2m6.5x9.2x1.1x
Fri, 22 Sep 2023CA$4.9bCA$4.1bCA$495.5m7.1x9.8x1.2x
Sun, 20 Aug 2023CA$4.8bCA$4.1bCA$485.1m7.6x9.9x1.2x
Tue, 18 Jul 2023CA$5.2bCA$4.3bCA$955.9m3.8x5.4x1.2x
Thu, 15 Jun 2023CA$5.1bCA$4.3bCA$953.6m4.6x5.4x1.2x
Sat, 13 May 2023CA$5.1bCA$4.3bCA$953.2m4.9x5.3x1.2x
Mon, 10 Apr 2023CA$5.4bCA$4.5bCA$1.3b5.2x4.2x1.2x
Wed, 08 Mar 2023CA$6.2bCA$4.6bCA$1.3b5x4.8x1.4x
Price to Earnings Ratio

4.8x


Total Market Cap: CA$6.2bTotal Earnings: CA$1.3bTotal Revenue: CA$4.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Steel Industry Price to Earnings3Y Average 13.6x202420252026
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 23.5x which is higher than its 3-year average PE of 13.6x.
  • The 3-year average PS ratio of 2.2x 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 54% 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 Market1.82%
Materials8.55%
Metals and Mining9.01%
Steel-1.58%
Silver13.91%
Gold9.23%
Copper8.71%
Precious Metals and Minerals7.27%
Diversified Metals and Mining7.16%
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$1.018.6%
+CA$20.4m		461.1%PE-2.5x
LIF Labrador Iron Ore RoyaltyCA$31.220.8%
+CA$15.4m		4.3%PE18.1x
HTRC High Tide ResourcesCA$0.2926.1%
+CA$5.2m		866.7%PE-59.4x
RXM Rockex MiningCA$0.0566.7%
+CA$2.7m		400.0%PE-8.5x
MOX Morien ResourcesCA$0.2317.9%
+CA$2.1m		-11.5%PS610.5x

Latest News

FEO
CA$1.01
Oceanic Iron Ore
7D
8.6%
1Y
461.1%
TSL
CA$2.66
Tree Island Steel
7D
-1.5%
1Y
-5.0%
HTRC
CA$0.29
High Tide Resources
7D
26.1%
1Y
866.7%
LIF
CA$31.22
Labrador Iron Ore Royalty
7D
0.8%
1Y
4.3%
DRX
CA$10.49
ADF Group
7D
-0.4%
1Y
23.1%
MOX
CA$0.23
Morien Resources
7D
17.9%
1Y
-11.5%
RXM
CA$0.05
Rockex Mining
7D
66.7%
1Y
400.0%
BKI
CA$0.13
Black Iron
7D
-3.7%
1Y
-13.3%

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

Nov 06
Will Black Iron (TSE:BKI) Spend Its Cash Wisely?
CAD
CA$2.97
Colonial Coal International
7D
-11.3%
1Y
71.7%
CAF
CA$0.35
Canaf Investments
7D
-1.4%
1Y
12.9%