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Canadian (TSX) Steel Industry Analysis

UpdatedJan 26, 2026
DataAggregated Company Financials
Companies10
  • 7D-1.6%
  • 3M19.2%
  • 1Y5.9%
  • YTDn/a

Over the last 7 days, the Steel industry has dropped 1.6%, driven by a pullback from Labrador Iron Ore Royalty of 2.2%. On the other hand Oceanic Iron Ore is actually up 18%. In the past year, the industry has gained 5.9%. Looking forward, earnings are forecast to grow by 8.7% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 26 Jan 2026CA$2.9bCA$652.9mCA$129.0m8.2x22.4x4.4x
Wed, 24 Dec 2025CA$2.8bCA$652.9mCA$129.0m8.6x21.9x4.3x
Fri, 21 Nov 2025CA$2.7bCA$661.4mCA$113.8m6.5x23.5x4.1x
Sun, 19 Oct 2025CA$2.6bCA$675.2mCA$117.3m6.2x22.3x3.9x
Tue, 16 Sep 2025CA$2.6bCA$677.7mCA$117.3m6.7x21.9x3.8x
Thu, 14 Aug 2025CA$2.4bCA$699.2mCA$137.8m7.6x17.4x3.4x
Sat, 12 Jul 2025CA$2.4bCA$718.5mCA$162.0m6.9x14.6x3.3x
Mon, 09 Jun 2025CA$2.5bCA$771.2mCA$168.5m6.4x14.8x3.2x
Wed, 07 May 2025CA$2.6bCA$799.0mCA$211.1m5.9x12.1x3.2x
Fri, 04 Apr 2025CA$2.5bCA$810.0mCA$210.5m6.3x12x3.1x
Sun, 02 Mar 2025CA$2.7bCA$1.0bCA$184.1m6.8x14.6x2.6x
Tue, 28 Jan 2025CA$2.8bCA$1.0bCA$184.1m7.7x15.1x2.7x
Thu, 26 Dec 2024CA$2.8bCA$1.0bCA$175.4m5.8x15.7x2.6x
Sat, 23 Nov 2024CA$2.7bCA$1.0bCA$217.8m5.7x12.6x2.6x
Mon, 21 Oct 2024CA$6.6bCA$3.9bCA$414.9m7.7x15.9x1.7x
Wed, 18 Sep 2024CA$6.5bCA$3.9bCA$422.0m7.9x15.5x1.7x
Fri, 16 Aug 2024CA$6.7bCA$3.9bCA$436.5m8.9x15.2x1.7x
Sun, 14 Jul 2024CA$5.1bCA$4.1bCA$481.0m9.5x10.6x1.3x
Tue, 11 Jun 2024CA$5.2bCA$4.0bCA$471.4m9.4x11.1x1.3x
Thu, 09 May 2024CA$5.3bCA$4.0bCA$383.8m11.7x13.8x1.3x
Sat, 06 Apr 2024CA$5.2bCA$4.0bCA$379.8m10.4x13.6x1.3x
Mon, 04 Mar 2024CA$5.1bCA$4.0bCA$359.7m10.8x14.2x1.3x
Wed, 31 Jan 2024CA$5.4bCA$4.0bCA$406.9m9.9x13.2x1.3x
Fri, 29 Dec 2023CA$5.6bCA$4.0bCA$406.7m9.2x13.9x1.4x
Sun, 26 Nov 2023CA$5.1bCA$4.0bCA$405.4m9.3x12.5x1.3x
Tue, 24 Oct 2023CA$4.5bCA$4.1bCA$495.2m6.5x9.2x1.1x
Thu, 21 Sep 2023CA$5.0bCA$4.1bCA$495.5m7.2x10x1.2x
Sat, 19 Aug 2023CA$4.8bCA$4.1bCA$485.1m7.6x9.9x1.2x
Mon, 17 Jul 2023CA$5.2bCA$4.3bCA$955.9m3.8x5.4x1.2x
Wed, 14 Jun 2023CA$5.1bCA$4.3bCA$953.7m4.8x5.4x1.2x
Fri, 12 May 2023CA$5.0bCA$4.3bCA$953.3m4.9x5.2x1.1x
Sun, 09 Apr 2023CA$5.4bCA$4.5bCA$1.3b5.2x4.2x1.2x
Tue, 07 Mar 2023CA$6.3bCA$4.6bCA$1.3b5.1x4.8x1.4x
Thu, 02 Feb 2023CA$5.9bCA$5.1bCA$1.9b6x3.2x1.2x
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 22.4x which is higher than its 3-year average PE of 13.0x.
  • 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 Market1.21%
Materials7.66%
Metals and Mining8.11%
Steel-1.57%
Silver16.77%
Precious Metals and Minerals15.05%
Gold8.50%
Diversified Metals and Mining7.93%
Copper0.98%
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
CAD Colonial Coal InternationalCA$2.834.8%
+CA$23.8m		71.5%PB26x
BKI Black IronCA$0.1525.0%
+CA$9.2m		-9.1%PE-16.6x
FEO Oceanic Iron OreCA$0.792.6%
+CA$3.1m		259.1%PE-1.2x
TSL Tree Island SteelCA$2.650.8%
+CA$518.1k		-7.0%PS0.4x

Latest News

FEO
CA$0.79
Oceanic Iron Ore
7D
2.6%
1Y
259.1%
LIF
CA$30.61
Labrador Iron Ore Royalty
7D
-2.2%
1Y
-0.7%
DRX
CA$8.33
ADF Group
7D
-5.1%
1Y
-10.4%

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
-2.3%
1Y
-26.3%
TSL
CA$2.65
Tree Island Steel
7D
0.8%
1Y
-7.0%
RXM
CA$0.025
Rockex Mining
7D
-28.6%
1Y
150.0%
CNT
CA$0.045
Century Global Commodities
7D
-10.0%
1Y
50.0%

Improved Revenues Required Before Century Global Commodities Corporation (TSE:CNT) Stock's 38% Jump Looks Justified

Nov 12
Improved Revenues Required Before Century Global Commodities Corporation (TSE:CNT) Stock's 38% Jump Looks Justified
BKI
CA$0.15
Black Iron
7D
25.0%
1Y
-9.1%

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
4.8%
1Y
71.5%
CAF
CA$0.36
Canaf Investments
7D
-2.7%
1Y
-6.5%