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Canadian (TSX) Steel Industry Analysis

UpdatedMar 02, 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 10%. 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
Wed, 04 Mar 2026CA$3.0bCA$652.5mCA$128.7m10.3x23.5x4.6x
Fri, 30 Jan 2026CA$2.8bCA$652.9mCA$129.1m7.9x22x4.4x
Sun, 28 Dec 2025CA$2.8bCA$652.9mCA$129.0m8.7x21.8x4.3x
Tue, 25 Nov 2025CA$2.6bCA$661.4mCA$129.7m6.2x19.9x3.9x
Thu, 23 Oct 2025CA$2.6bCA$675.2mCA$117.3m6.2x21.9x3.8x
Sat, 20 Sep 2025CA$2.5bCA$675.2mCA$117.3m7x21.7x3.8x
Mon, 18 Aug 2025CA$2.5bCA$699.6mCA$137.9m7.7x17.8x3.5x
Wed, 16 Jul 2025CA$2.4bCA$718.5mCA$162.0m7.1x15x3.4x
Fri, 13 Jun 2025CA$2.5bCA$719.4mCA$162.0m6.4x15.7x3.5x
Sun, 11 May 2025CA$2.5bCA$778.5mCA$173.8m5.9x14.2x3.2x
Tue, 08 Apr 2025CA$2.3bCA$810.0mCA$210.5m5.9x10.9x2.8x
Thu, 06 Mar 2025CA$2.6bCA$1.0bCA$184.5m6.5x14.1x2.5x
Sat, 01 Feb 2025CA$2.7bCA$1.0bCA$183.8m7.8x14.9x2.6x
Mon, 30 Dec 2024CA$2.7bCA$1.0bCA$175.3m5.7x15.6x2.6x
Wed, 27 Nov 2024CA$2.7bCA$1.1bCA$217.7m5.7x12.6x2.6x
Fri, 25 Oct 2024CA$6.5bCA$3.9bCA$415.2m7.7x15.8x1.7x
Sun, 22 Sep 2024CA$6.5bCA$3.9bCA$415.0m7.9x15.7x1.7x
Tue, 20 Aug 2024CA$6.6bCA$3.9bCA$436.4m8.8x15.2x1.7x
Thu, 18 Jul 2024CA$6.6bCA$4.1bCA$481.0m10x13.7x1.6x
Sat, 15 Jun 2024CA$5.2bCA$4.1bCA$481.2m9.2x10.7x1.3x
Mon, 13 May 2024CA$5.5bCA$4.1bCA$473.4m10.1x11.7x1.4x
Wed, 10 Apr 2024CA$5.3bCA$4.0bCA$379.4m10.3x14.1x1.3x
Fri, 08 Mar 2024CA$5.3bCA$4.0bCA$359.5m11x14.6x1.3x
Sun, 04 Feb 2024CA$5.2bCA$4.0bCA$407.0m9.9x12.9x1.3x
Tue, 02 Jan 2024CA$5.6bCA$4.0bCA$406.8m9.3x13.8x1.4x
Thu, 30 Nov 2023CA$5.1bCA$4.0bCA$404.1m9x12.7x1.3x
Sat, 28 Oct 2023CA$4.7bCA$4.1bCA$496.5m7x9.5x1.1x
Mon, 25 Sep 2023CA$4.9bCA$4.1bCA$495.5m7.2x9.9x1.2x
Wed, 23 Aug 2023CA$4.8bCA$4.1bCA$485.1m7.5x9.9x1.2x
Fri, 21 Jul 2023CA$5.1bCA$4.3bCA$956.0m3.8x5.4x1.2x
Sun, 18 Jun 2023CA$5.1bCA$4.3bCA$953.9m4.7x5.3x1.2x
Tue, 16 May 2023CA$5.1bCA$4.3bCA$953.4m4.9x5.3x1.2x
Thu, 13 Apr 2023CA$5.5bCA$4.5bCA$1.3b5.3x4.3x1.2x
Sat, 11 Mar 2023CA$5.8bCA$4.5bCA$1.3b5.2x4.6x1.3x
Price to Earnings Ratio

4.6x


Total Market Cap: CA$5.8bTotal Earnings: CA$1.3bTotal Revenue: CA$4.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Steel Industry Price to Earnings3Y Average 13.7x202420252026
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 53% 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$1.0113.5%
+CA$30.5m		494.1%PE-2.5x
HTRC High Tide ResourcesCA$0.2717.4%
+CA$3.5m		800.0%PE-45.7x
MOX Morien ResourcesCA$0.2317.5%
+CA$2.1m		-7.8%PS623.8x
RXM Rockex MiningCA$0.03516.7%
+CA$668.4k		250.0%PE-5.9x
CNT Century Global CommoditiesCA$0.04512.5%
+CA$591.0k		50.0%PS0.4x

Latest News

LIF
CA$31.04
Labrador Iron Ore Royalty
7D
-0.7%
1Y
5.4%
CAF
CA$0.35
Canaf Investments
7D
1.4%
1Y
29.1%
FEO
CA$1.01
Oceanic Iron Ore
7D
13.5%
1Y
494.1%
TSL
CA$2.65
Tree Island Steel
7D
-0.4%
1Y
-6.4%
CNT
CA$0.045
Century Global Commodities
7D
12.5%
1Y
50.0%
HTRC
CA$0.27
High Tide Resources
7D
17.4%
1Y
800.0%
DRX
CA$10.24
ADF Group
7D
-3.6%
1Y
33.7%
MOX
CA$0.23
Morien Resources
7D
17.5%
1Y
-7.8%
RXM
CA$0.035
Rockex Mining
7D
16.7%
1Y
250.0%
BKI
CA$0.12
Black Iron
7D
-11.1%
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
-11.3%
1Y
76.9%