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Canadian (TSX) Steel Industry Analysis
UpdatedJul 14, 2025
DataAggregated Company Financials
Companies11
- 7D-2.5%
- 3M3.0%
- 1Y-19.3%
- YTDn/a
Over the last 7 days, the Steel industry has dropped 2.7%, driven by Labrador Iron Ore Royalty declining 2.8%. Meanwhile, Morien Resources actually outperformed within the industry, gaining 9.8% in the last week. However, the industry is down 19% over the past year. As for the next few years, earnings are expected to grow by 6.8% per annum.
Industry Valuation and Performance
Has the Canadian Steel Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 14 Jul 2025 | CA$2.4b | CA$718.5m | CA$162.0m | 6.9x | 14.8x | 3.3x |
| Wed, 11 Jun 2025 | CA$2.5b | CA$771.2m | CA$168.6m | 6.9x | 14.8x | 3.2x |
| Fri, 09 May 2025 | CA$2.6b | CA$799.0m | CA$211.1m | 5.9x | 12.2x | 3.2x |
| Sun, 06 Apr 2025 | CA$2.3b | CA$810.0m | CA$210.5m | 5.9x | 10.9x | 2.8x |
| Tue, 04 Mar 2025 | CA$2.7b | CA$1.0b | CA$184.3m | 6.5x | 14.5x | 2.6x |
| Thu, 30 Jan 2025 | CA$2.7b | CA$1.0b | CA$183.9m | 7.8x | 14.7x | 2.6x |
| Sat, 28 Dec 2024 | CA$2.8b | CA$1.0b | CA$175.3m | 5.7x | 15.7x | 2.6x |
| Mon, 25 Nov 2024 | CA$2.8b | CA$1.0b | CA$217.8m | 5.7x | 12.7x | 2.6x |
| Wed, 23 Oct 2024 | CA$6.6b | CA$3.9b | CA$414.9m | 7.6x | 15.9x | 1.7x |
| Fri, 20 Sep 2024 | CA$6.5b | CA$3.9b | CA$415.0m | 8x | 15.6x | 1.7x |
| Sun, 18 Aug 2024 | CA$6.6b | CA$3.9b | CA$436.5m | 8.9x | 15.2x | 1.7x |
| Tue, 16 Jul 2024 | CA$5.1b | CA$4.1b | CA$481.0m | 10.1x | 10.6x | 1.3x |
| Thu, 13 Jun 2024 | CA$5.2b | CA$4.1b | CA$481.2m | 9.4x | 10.9x | 1.3x |
| Sat, 11 May 2024 | CA$5.4b | CA$4.1b | CA$473.4m | 10.1x | 11.5x | 1.3x |
| Mon, 08 Apr 2024 | CA$5.2b | CA$4.0b | CA$379.5m | 10.4x | 13.8x | 1.3x |
| Wed, 06 Mar 2024 | CA$5.1b | CA$4.0b | CA$359.8m | 10.8x | 14.2x | 1.3x |
| Fri, 02 Feb 2024 | CA$5.3b | CA$4.0b | CA$406.9m | 10.1x | 13.1x | 1.3x |
| Sun, 31 Dec 2023 | CA$5.6b | CA$4.0b | CA$406.8m | 9.3x | 13.8x | 1.4x |
| Tue, 28 Nov 2023 | CA$5.1b | CA$4.0b | CA$405.4m | 9.2x | 12.5x | 1.3x |
| Thu, 26 Oct 2023 | CA$4.5b | CA$4.1b | CA$495.1m | 6.4x | 9.1x | 1.1x |
| Sat, 23 Sep 2023 | CA$4.9b | CA$4.1b | CA$495.5m | 7.2x | 9.9x | 1.2x |
| Mon, 21 Aug 2023 | CA$4.8b | CA$4.1b | CA$485.1m | 7.6x | 9.9x | 1.2x |
| Wed, 19 Jul 2023 | CA$5.3b | CA$4.3b | CA$956.0m | 3.8x | 5.5x | 1.2x |
| Fri, 16 Jun 2023 | CA$5.1b | CA$4.3b | CA$953.9m | 4.6x | 5.4x | 1.2x |
| Sun, 14 May 2023 | CA$5.1b | CA$4.3b | CA$953.2m | 4.9x | 5.3x | 1.2x |
| Tue, 11 Apr 2023 | CA$5.4b | CA$4.5b | CA$1.3b | 5.2x | 4.2x | 1.2x |
| Thu, 09 Mar 2023 | CA$6.1b | CA$4.5b | CA$1.3b | 5.2x | 4.8x | 1.3x |
| Sat, 04 Feb 2023 | CA$5.9b | CA$5.1b | CA$1.9b | 6.6x | 3.2x | 1.2x |
| Mon, 02 Jan 2023 | CA$5.1b | CA$5.1b | CA$1.9b | 5.4x | 2.8x | 1x |
| Wed, 30 Nov 2022 | CA$5.0b | CA$5.1b | CA$1.9b | 3.8x | 2.7x | 1x |
| Fri, 28 Oct 2022 | CA$4.7b | CA$5.6b | CA$2.3b | 4x | 2x | 0.8x |
| Sun, 25 Sep 2022 | CA$4.7b | CA$5.6b | CA$2.3b | 3.7x | 2x | 0.8x |
| Tue, 23 Aug 2022 | CA$5.0b | CA$5.6b | CA$2.3b | 3.5x | 2.1x | 0.9x |
| Thu, 21 Jul 2022 | CA$4.9b | CA$5.5b | CA$2.2b | 4.3x | 2.3x | 0.9x |
Price to Earnings Ratio
2.3x
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 14.8x which is higher than its 3-year average PE of 9.8x.
- The 3-year average PS ratio of 1.6x is lower than the industry's current PS ratio of 3.3x.
Past Earnings Growth
- The earnings for companies in the Steel industry have declined 58% 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 Market | 0.45% | |
| Materials | -0.32% | |
| Metals and Mining | -0.57% | |
| Steel | -2.45% | |
| Silver | 7.78% | |
| Precious Metals and Minerals | 6.56% | |
| Diversified Metals and Mining | 1.13% | |
| Aluminum | 0% | 0 |
| Gold | -0.94% | |
| Copper | -4.80% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| CAD Colonial Coal International | CA$1.36 | 3.0% +CA$7.3m | -47.7% | PB11.9x | |
| CNT Century Global Commodities | CA$0.065 | 18.2% +CA$1.2m | 116.7% | PS0.6x | |
| HTRC High Tide Resources | CA$0.07 | 16.7% +CA$787.3k | 75.0% | PE-13.3x |
