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Canadian (TSX) Steel Industry Analysis

UpdatedJan 22, 2026
DataAggregated Company Financials
Companies10
  • 7D-3.4%
  • 3M16.3%
  • 1Y4.5%
  • YTDn/a

Over the last 7 days, the Steel industry has dropped 3.4%, driven by a pullback from Labrador Iron Ore Royalty of 3.6%. On the other hand Oceanic Iron Ore is actually up 5.7%. Over the past 12 months, the industry was up 4.5%. Earnings are forecast to grow by 8.6% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 23 Jan 2026CA$2.9bCA$652.9mCA$129.0m8.3x22.2x4.4x
Sun, 21 Dec 2025CA$2.8bCA$652.9mCA$129.0m8.7x21.4x4.2x
Tue, 18 Nov 2025CA$2.6bCA$661.4mCA$113.8m6.2x23.1x4x
Thu, 16 Oct 2025CA$2.7bCA$675.2mCA$117.2m6.6x23x4x
Sat, 13 Sep 2025CA$2.6bCA$677.7mCA$117.3m7.1x22x3.8x
Mon, 11 Aug 2025CA$2.4bCA$699.3mCA$137.8m7.4x17.1x3.4x
Wed, 09 Jul 2025CA$2.5bCA$718.5mCA$162.0m7.2x15.2x3.4x
Fri, 06 Jun 2025CA$2.5bCA$771.2mCA$168.6m6x14.9x3.2x
Sun, 04 May 2025CA$2.5bCA$799.0mCA$211.1m5.9x12x3.2x
Tue, 01 Apr 2025CA$2.6bCA$1.0bCA$163.7m6.3x15.8x2.5x
Thu, 27 Feb 2025CA$2.7bCA$1.0bCA$185.0m6.9x14.4x2.6x
Sat, 25 Jan 2025CA$2.8bCA$1.0bCA$184.1m7.7x15x2.6x
Mon, 23 Dec 2024CA$2.7bCA$1.0bCA$175.4m5.8x15.5x2.6x
Wed, 20 Nov 2024CA$2.8bCA$1.0bCA$222.1m6x12.4x2.6x
Fri, 18 Oct 2024CA$6.6bCA$3.9bCA$414.9m7.7x16x1.7x
Sun, 15 Sep 2024CA$6.5bCA$3.9bCA$415.0m8x15.7x1.7x
Tue, 13 Aug 2024CA$6.6bCA$3.9bCA$436.5m8.9x15.2x1.7x
Thu, 11 Jul 2024CA$5.0bCA$4.1bCA$480.9m9.3x10.4x1.2x
Sat, 08 Jun 2024CA$5.3bCA$4.0bCA$471.3m9.5x11.2x1.3x
Mon, 06 May 2024CA$5.3bCA$4.0bCA$383.3m11.4x13.8x1.3x
Wed, 03 Apr 2024CA$5.3bCA$4.0bCA$379.7m9.9x13.9x1.3x
Fri, 01 Mar 2024CA$5.2bCA$4.0bCA$359.4m10.7x14.4x1.3x
Sun, 28 Jan 2024CA$5.4bCA$4.0bCA$407.0m9.4x13.3x1.3x
Tue, 26 Dec 2023CA$5.6bCA$4.0bCA$406.8m9x13.8x1.4x
Thu, 23 Nov 2023CA$5.3bCA$4.0bCA$403.8m8.7x13x1.3x
Sat, 21 Oct 2023CA$4.5bCA$4.1bCA$495.2m6.4x9.1x1.1x
Mon, 18 Sep 2023CA$4.9bCA$4.1bCA$495.5m6.9x9.9x1.2x
Wed, 16 Aug 2023CA$4.9bCA$4.1bCA$485.2m7.8x10x1.2x
Fri, 14 Jul 2023CA$5.2bCA$4.3bCA$956.1m3.8x5.4x1.2x
Sun, 11 Jun 2023CA$5.0bCA$4.3bCA$953.6m4.6x5.2x1.2x
Tue, 09 May 2023CA$5.2bCA$4.5bCA$1.2b4.9x4.3x1.1x
Thu, 06 Apr 2023CA$5.3bCA$4.5bCA$1.3b5.2x4.2x1.2x
Sat, 04 Mar 2023CA$6.4bCA$4.6bCA$1.4b5.1x4.7x1.4x
Mon, 30 Jan 2023CA$5.9bCA$5.1bCA$1.9b6.3x3.2x1.2x
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 22.2x which is higher than its 3-year average PE of 12.9x.
  • 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 Market0.33%
Materials2.59%
Metals and Mining2.66%
Steel-3.43%
Silver8.40%
Precious Metals and Minerals3.14%
Gold2.71%
Copper2.39%
Diversified Metals and Mining1.21%
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$0.745.7%
+CA$6.1m		279.5%PE-1.1x
BKI Black IronCA$0.134.2%
+CA$1.5m		-32.4%PE-13.7x
TSL Tree Island SteelCA$2.681.9%
+CA$1.3m		-3.9%PS0.4x

Latest News

FEO
CA$0.74
Oceanic Iron Ore
7D
5.7%
1Y
279.5%
HTRC
CA$0.21
High Tide Resources
7D
-6.7%
1Y
425.0%
LIF
CA$30.69
Labrador Iron Ore Royalty
7D
-3.6%
1Y
-0.1%
DRX
CA$8.44
ADF Group
7D
-2.2%
1Y
-6.1%

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
-6.7%
1Y
-19.2%
TSL
CA$2.68
Tree Island Steel
7D
1.9%
1Y
-3.9%
RXM
CA$0.025
Rockex Mining
7D
-28.6%
1Y
150.0%
BKI
CA$0.13
Black Iron
7D
4.2%
1Y
-32.4%

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

Nov 06
Will Black Iron (TSE:BKI) Spend Its Cash Wisely?
CAD
CA$2.62
Colonial Coal International
7D
-4.0%
1Y
44.8%
CAF
CA$0.36
Canaf Investments
7D
-2.7%
1Y
-6.5%