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Canadian (TSX) Steel Industry Analysis

UpdatedJan 25, 2026
DataAggregated Company Financials
Companies10
  • 7D-1.6%
  • 3M19.2%
  • 1Y5.9%
  • YTDn/a

Over the last 7 days, the Steel industry has dropped 1.6%, driven by a pullback from Labrador Iron Ore Royalty of 2.2%. In contrast, Oceanic Iron Ore has gained 18%. In the past year, the industry has gained 5.9%. As for the next few years, earnings are expected to grow by 8.7% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 25 Jan 2026CA$2.9bCA$652.9mCA$129.0m8.2x22.4x4.4x
Tue, 23 Dec 2025CA$2.8bCA$652.9mCA$129.0m8.6x21.4x4.2x
Thu, 20 Nov 2025CA$2.7bCA$661.4mCA$113.8m6.4x23.4x4x
Sat, 18 Oct 2025CA$2.6bCA$675.2mCA$117.3m6.2x22.5x3.9x
Mon, 15 Sep 2025CA$2.6bCA$677.7mCA$117.3m7.1x21.9x3.8x
Wed, 13 Aug 2025CA$2.4bCA$699.2mCA$137.8m7.4x17.2x3.4x
Fri, 11 Jul 2025CA$2.4bCA$718.5mCA$162.0m6.9x14.6x3.3x
Sun, 08 Jun 2025CA$2.5bCA$771.2mCA$168.5m6.4x14.8x3.2x
Tue, 06 May 2025CA$2.5bCA$799.0mCA$211.1m5.9x12x3.2x
Thu, 03 Apr 2025CA$2.6bCA$810.0mCA$210.5m6.3x12.2x3.2x
Sat, 01 Mar 2025CA$2.7bCA$1.0bCA$184.4m6.2x14.6x2.6x
Mon, 27 Jan 2025CA$2.8bCA$1.0bCA$184.2m7.7x15.1x2.7x
Wed, 25 Dec 2024CA$2.8bCA$1.0bCA$175.4m5.8x15.7x2.6x
Fri, 22 Nov 2024CA$2.8bCA$1.0bCA$222.1m5.7x12.4x2.6x
Sun, 20 Oct 2024CA$6.6bCA$3.9bCA$414.9m7.7x15.9x1.7x
Tue, 17 Sep 2024CA$6.5bCA$3.9bCA$422.0m8.2x15.4x1.7x
Thu, 15 Aug 2024CA$6.6bCA$3.9bCA$436.5m9x15.2x1.7x
Sat, 13 Jul 2024CA$5.1bCA$4.1bCA$481.0m9.5x10.5x1.2x
Mon, 10 Jun 2024CA$5.2bCA$4.0bCA$471.4m9.5x11.1x1.3x
Wed, 08 May 2024CA$5.3bCA$4.0bCA$383.8m11.6x13.8x1.3x
Fri, 05 Apr 2024CA$5.3bCA$4.0bCA$379.7m10.1x13.9x1.3x
Sun, 03 Mar 2024CA$5.1bCA$4.0bCA$359.7m10.8x14.2x1.3x
Tue, 30 Jan 2024CA$5.4bCA$4.0bCA$406.9m9.7x13.3x1.3x
Thu, 28 Dec 2023CA$5.6bCA$4.0bCA$406.7m9.2x13.9x1.4x
Sat, 25 Nov 2023CA$5.0bCA$4.0bCA$405.4m9.3x12.4x1.3x
Mon, 23 Oct 2023CA$4.5bCA$4.1bCA$495.2m6.4x9.1x1.1x
Wed, 20 Sep 2023CA$4.9bCA$4.1bCA$495.6m7x9.9x1.2x
Fri, 18 Aug 2023CA$4.8bCA$4.1bCA$485.1m7.6x10x1.2x
Sun, 16 Jul 2023CA$5.2bCA$4.3bCA$955.9m3.8x5.4x1.2x
Tue, 13 Jun 2023CA$5.0bCA$4.3bCA$953.5m4.8x5.2x1.2x
Thu, 11 May 2023CA$5.1bCA$4.5bCA$1.2b5x4.1x1.1x
Sat, 08 Apr 2023CA$5.4bCA$4.5bCA$1.3b5.2x4.2x1.2x
Mon, 06 Mar 2023CA$6.4bCA$4.6bCA$1.3b5.1x4.9x1.4x
Wed, 01 Feb 2023CA$5.9bCA$5.1bCA$1.9b6.6x3.2x1.2x
Price to Earnings Ratio

3.2x


Total Market Cap: CA$5.9bTotal Earnings: CA$1.9bTotal Revenue: CA$5.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Steel Industry Price to Earnings3Y Average 13x202420252026
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 22.4x which is higher than its 3-year average PE of 13.0x.
  • The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 4.4x.
Past Earnings Growth
  • The earnings for companies in the Steel industry have declined 59% per year over the last three years,
  • Revenues have also declined 49% 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 Market1.21%
Materials7.66%
Metals and Mining8.11%
Steel-1.57%
Silver16.77%
Precious Metals and Minerals15.05%
Gold8.50%
Diversified Metals and Mining7.93%
Copper0.98%
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$0.7917.9%
+CA$18.4m		243.5%PE-1.2x
BKI Black IronCA$0.1525.0%
+CA$9.2m		-14.3%PE-16.6x
CAD Colonial Coal InternationalCA$2.831.4%
+CA$7.3m		63.6%PB26x

Latest News

FEO
CA$0.79
Oceanic Iron Ore
7D
17.9%
1Y
243.5%
HTRC
CA$0.20
High Tide Resources
7D
-10.9%
1Y
412.5%
LIF
CA$30.61
Labrador Iron Ore Royalty
7D
-2.2%
1Y
-0.7%
DRX
CA$8.33
ADF Group
7D
-5.1%
1Y
-10.4%

A Piece Of The Puzzle Missing From ADF Group Inc.'s (TSE:DRX) 25% Share Price Climb

Dec 21
A Piece Of The Puzzle Missing From ADF Group Inc.'s (TSE:DRX) 25% Share Price Climb
MOX
CA$0.21
Morien Resources
7D
-2.3%
1Y
-16.0%
RXM
CA$0.025
Rockex Mining
7D
-28.6%
1Y
150.0%
CNT
CA$0.045
Century Global Commodities
7D
-10.0%
1Y
50.0%

Improved Revenues Required Before Century Global Commodities Corporation (TSE:CNT) Stock's 38% Jump Looks Justified

Nov 12
Improved Revenues Required Before Century Global Commodities Corporation (TSE:CNT) Stock's 38% Jump Looks Justified
BKI
CA$0.15
Black Iron
7D
25.0%
1Y
-14.3%

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

Nov 06
Will Black Iron (TSE:BKI) Spend Its Cash Wisely?
CAD
CA$2.83
Colonial Coal International
7D
1.4%
1Y
63.6%
CAF
CA$0.36
Canaf Investments
7D
-2.7%
1Y
-6.5%