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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 8.6%. Meanwhile, Oceanic Iron Ore actually outperformed within the industry, gaining 12% in the last week. Over the past 12 months, the industry was up 15%. Earnings are forecast to grow by 6.7% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 03 Mar 2026CA$3.0bCA$652.5mCA$128.7m10.3x23.5x4.6x
Thu, 29 Jan 2026CA$2.8bCA$652.9mCA$129.0m8x21.9x4.3x
Sat, 27 Dec 2025CA$2.8bCA$652.9mCA$129.0m8.7x21.8x4.3x
Mon, 24 Nov 2025CA$2.6bCA$661.4mCA$129.7m6.2x19.7x3.9x
Wed, 22 Oct 2025CA$2.6bCA$675.2mCA$117.3m6.2x22.2x3.8x
Fri, 19 Sep 2025CA$2.6bCA$677.7mCA$117.3m7x21.8x3.8x
Sun, 17 Aug 2025CA$2.5bCA$699.6mCA$137.9m7.7x17.8x3.5x
Tue, 15 Jul 2025CA$2.4bCA$718.5mCA$162.0m6.9x14.8x3.3x
Thu, 12 Jun 2025CA$2.5bCA$771.2mCA$168.6m6.4x15.1x3.3x
Sat, 10 May 2025CA$2.5bCA$778.5mCA$173.8m5.9x14.5x3.2x
Mon, 07 Apr 2025CA$2.3bCA$810.0mCA$210.5m5.9x10.9x2.8x
Wed, 05 Mar 2025CA$2.6bCA$1.0bCA$184.0m6x14.3x2.5x
Fri, 31 Jan 2025CA$2.7bCA$1.0bCA$184.0m7.9x14.8x2.6x
Sun, 29 Dec 2024CA$2.7bCA$1.0bCA$175.3m5.7x15.6x2.6x
Tue, 26 Nov 2024CA$2.8bCA$1.0bCA$217.8m5.7x12.7x2.6x
Thu, 24 Oct 2024CA$6.6bCA$3.9bCA$415.2m7.5x15.9x1.7x
Sat, 21 Sep 2024CA$6.6bCA$3.9bCA$415.0m7.9x15.9x1.7x
Mon, 19 Aug 2024CA$6.6bCA$3.9bCA$436.5m8.9x15.2x1.7x
Wed, 17 Jul 2024CA$6.6bCA$4.1bCA$481.0m9.9x13.8x1.6x
Fri, 14 Jun 2024CA$5.2bCA$4.1bCA$481.2m9.3x10.7x1.3x
Sun, 12 May 2024CA$5.5bCA$4.1bCA$473.4m10.1x11.7x1.4x
Tue, 09 Apr 2024CA$5.2bCA$4.0bCA$379.5m10.5x13.8x1.3x
Thu, 07 Mar 2024CA$5.1bCA$4.0bCA$359.7m10.9x14.1x1.3x
Sat, 03 Feb 2024CA$5.2bCA$4.0bCA$407.0m9.9x12.9x1.3x
Mon, 01 Jan 2024CA$5.6bCA$4.0bCA$406.8m9.3x13.8x1.4x
Wed, 29 Nov 2023CA$5.1bCA$4.0bCA$405.3m9.1x12.7x1.3x
Fri, 27 Oct 2023CA$4.6bCA$4.1bCA$495.0m6.8x9.3x1.1x
Sun, 24 Sep 2023CA$4.9bCA$4.1bCA$495.5m7.2x9.9x1.2x
Tue, 22 Aug 2023CA$4.8bCA$4.1bCA$485.1m7.5x9.9x1.2x
Thu, 20 Jul 2023CA$5.2bCA$4.3bCA$956.0m4.1x5.5x1.2x
Sat, 17 Jun 2023CA$5.1bCA$4.3bCA$953.9m4.7x5.3x1.2x
Mon, 15 May 2023CA$5.1bCA$4.3bCA$953.2m4.9x5.3x1.2x
Wed, 12 Apr 2023CA$5.5bCA$4.5bCA$1.3b5.3x4.3x1.2x
Fri, 10 Mar 2023CA$6.0bCA$4.5bCA$1.3b5.2x4.7x1.3x
Price to Earnings Ratio

4.7x


Total Market Cap: CA$6.0bTotal Earnings: CA$1.3bTotal Revenue: CA$4.5bTotal 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 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
LIF Labrador Iron Ore RoyaltyCA$31.782.9%
+CA$57.0m		6.7%PE18.4x
FEO Oceanic Iron OreCA$1.0415.6%
+CA$35.6m		477.8%PE-2.6x
DRX ADF GroupCA$10.683.9%
+CA$11.4m		35.2%PE10.5x
MOX Morien ResourcesCA$0.2323.7%
+CA$2.7m		-11.3%PS623.8x
CAF Canaf InvestmentsCA$0.385.6%
+CA$948.5k		27.1%PE7.3x

Latest News

CAF
CA$0.38
Canaf Investments
7D
5.6%
1Y
27.1%
FEO
CA$1.04
Oceanic Iron Ore
7D
15.6%
1Y
477.8%
TSL
CA$2.65
Tree Island Steel
7D
-0.4%
1Y
-7.0%
CNT
CA$0.045
Century Global Commodities
7D
12.5%
1Y
50.0%
HTRC
CA$0.26
High Tide Resources
7D
4.1%
1Y
750.0%
LIF
CA$31.78
Labrador Iron Ore Royalty
7D
2.9%
1Y
6.7%
DRX
CA$10.68
ADF Group
7D
3.9%
1Y
35.2%
MOX
CA$0.23
Morien Resources
7D
23.7%
1Y
-11.3%
RXM
CA$0.035
Rockex Mining
7D
16.7%
1Y
250.0%
BKI
CA$0.13
Black Iron
7D
-7.4%
1Y
-13.8%

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

Nov 06
Will Black Iron (TSE:BKI) Spend Its Cash Wisely?
CAD
CA$2.91
Colonial Coal International
7D
-10.5%
1Y
75.3%