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Canadian (TSX) Steel Industry Analysis

UpdatedApr 11, 2026
DataAggregated Company Financials
Companies11
  • 7D-0.6%
  • 3M-3.2%
  • 1Y25.8%
  • YTDn/a

Over the last 7 days, the Steel industry has remained flat, although notably ADF Group gained 19%. As for the the longer term, the industry is up 31% over the past 12 months. Looking forward, earnings are forecast to grow by 23% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 11 Apr 2026CA$3.4bCA$633.4mCA$117.7m10.9x28.9x5.4x
Mon, 09 Mar 2026CA$2.9bCA$652.0mCA$126.7m9.4x22.9x4.4x
Wed, 04 Feb 2026CA$2.9bCA$652.9mCA$129.0m9.3x22.3x4.4x
Fri, 02 Jan 2026CA$2.8bCA$652.9mCA$129.0m9.1x21.9x4.3x
Sun, 30 Nov 2025CA$2.7bCA$661.4mCA$134.8m6.6x19.8x4x
Tue, 28 Oct 2025CA$2.6bCA$675.2mCA$117.3m6.2x21.9x3.8x
Thu, 25 Sep 2025CA$2.5bCA$675.2mCA$117.3m6.8x21.6x3.8x
Sat, 23 Aug 2025CA$2.4bCA$699.6mCA$137.9m7.4x17.4x3.4x
Mon, 21 Jul 2025CA$2.4bCA$718.5mCA$162.0m7.1x14.9x3.4x
Wed, 18 Jun 2025CA$2.5bCA$719.4mCA$162.0m6.9x15.4x3.5x
Fri, 16 May 2025CA$2.5bCA$771.2mCA$173.2m6.5x14.3x3.2x
Sun, 13 Apr 2025CA$2.3bCA$799.0mCA$209.2m5.9x11x2.9x
Tue, 11 Mar 2025CA$2.7bCA$1.0bCA$184.4m6.4x14.4x2.6x
Thu, 06 Feb 2025CA$2.7bCA$1.0bCA$184.3m7.4x14.8x2.6x
Sat, 04 Jan 2025CA$2.7bCA$1.0bCA$183.9m6.1x14.7x2.6x
Mon, 02 Dec 2024CA$2.8bCA$1.0bCA$171.4m5.8x16.1x2.7x
Wed, 30 Oct 2024CA$6.6bCA$3.9bCA$414.4m7.9x16x1.7x
Fri, 27 Sep 2024CA$6.7bCA$3.9bCA$415.1m8.2x16.1x1.7x
Sun, 25 Aug 2024CA$6.6bCA$3.9bCA$433.2m8.2x15.1x1.7x
Tue, 23 Jul 2024CA$6.6bCA$4.1bCA$481.1m9.1x13.8x1.6x
Thu, 20 Jun 2024CA$5.1bCA$4.1bCA$481.0m9.4x10.6x1.3x
Sat, 18 May 2024CA$5.5bCA$4.1bCA$473.3m10x11.6x1.4x
Mon, 15 Apr 2024CA$5.3bCA$4.0bCA$388.1m10.6x13.7x1.3x
Wed, 13 Mar 2024CA$5.2bCA$4.0bCA$359.5m10.6x14.3x1.3x
Fri, 09 Feb 2024CA$5.1bCA$4.0bCA$406.9m9.6x12.5x1.3x
Sun, 07 Jan 2024CA$5.5bCA$4.0bCA$406.9m9.2x13.5x1.4x
Tue, 05 Dec 2023CA$5.3bCA$4.0bCA$398.8m8.6x13.2x1.3x
Thu, 02 Nov 2023CA$4.8bCA$4.1bCA$529.8m6.5x9.1x1.2x
Sat, 30 Sep 2023CA$4.8bCA$4.1bCA$495.2m7.2x9.7x1.2x
Mon, 28 Aug 2023CA$4.8bCA$4.1bCA$485.3m7.4x9.9x1.2x
Wed, 26 Jul 2023CA$5.3bCA$4.3bCA$956.0m3.8x5.6x1.2x
Fri, 23 Jun 2023CA$5.1bCA$4.3bCA$955.9m4.9x5.3x1.2x
Sun, 21 May 2023CA$5.0bCA$4.3bCA$953.7m4.7x5.3x1.2x
Tue, 18 Apr 2023CA$5.5bCA$4.5bCA$1.2b5.6x4.4x1.2x
Price to Earnings Ratio

4.4x


Total Market Cap: CA$5.5bTotal Earnings: CA$1.2bTotal Revenue: CA$4.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Steel Industry Price to Earnings3Y Average 14.4x202420252026
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 29.5x which is higher than its 3-year average PE of 14.4x.
  • The 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 5.5x.
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 Market2.00%
Materials4.18%
Metals and Mining4.74%
Steel-0.58%
Copper9.93%
Diversified Metals and Mining5.56%
Gold4.33%
Precious Metals and Minerals2.68%
Aluminum0%0
Silver-1.31%
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
DRX ADF GroupCA$11.1119.0%
+CA$50.5m		109.6%PE10.9x
HTRC High Tide ResourcesCA$0.3820.6%
+CA$7.9m		744.4%PE-89.4x
RXM Rockex MiningCA$0.0414.3%
+CA$668.4k		n/aPE-6.8x
CNT Century Global CommoditiesCA$0.0414.3%
+CA$591.0k		0%PS0.3x
MOX Morien ResourcesCA$0.212.4%
+CA$300.9k		-14.0%PS570.7x

Latest News

LIF
CA$29.45
Labrador Iron Ore Royalty
7D
-0.7%
1Y
7.0%
DRX
CA$11.11
ADF Group
7D
19.0%
1Y
109.6%
RXM
CA$0.04
Rockex Mining
7D
14.3%
1Y
n/a
HTRC
CA$0.38
High Tide Resources
7D
20.6%
1Y
744.4%
TSL
CA$2.59
Tree Island Steel
7D
0.4%
1Y
3.6%
MOX
CA$0.21
Morien Resources
7D
2.4%
1Y
-14.0%
FEO
CA$0.84
Oceanic Iron Ore
7D
-1.2%
1Y
380.0%
CNT
CA$0.04
Century Global Commodities
7D
14.3%
1Y
0%
CAD
CA$2.70
Colonial Coal International
7D
-2.9%
1Y
104.5%