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Chinese (SSE) Steel Industry Analysis

UpdatedApr 12, 2024
DataAggregated Company Financials
Companies83
  • 7D-0.03%
  • 3M3.1%
  • 1Y-10.6%
  • YTDn/a

The Steel is pretty flat in the last 7 days, but Huaibei Mining HoldingsLtd has stood out, gaining 7.6%. As for the longer term, the industry has declined 12% in the last year. Earnings are forecast to grow by 23% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 13 Apr 2024CN¥1.1tCN¥2.2tCN¥47.5b25x22.2x0.5x
Mon, 11 Mar 2024CN¥1.0tCN¥2.2tCN¥46.5b26.7x22.1x0.5x
Wed, 07 Feb 2024CN¥923.2bCN¥2.2tCN¥46.2b22.6x20x0.4x
Fri, 05 Jan 2024CN¥1.1tCN¥2.2tCN¥44.8b31x23.5x0.5x
Sun, 03 Dec 2023CN¥1.1tCN¥2.2tCN¥44.8b31.8x23.9x0.5x
Tue, 31 Oct 2023CN¥1.1tCN¥2.2tCN¥40.1b32.3x26.5x0.5x
Thu, 28 Sep 2023CN¥1.1tCN¥2.2tCN¥34.4b29.9x31.3x0.5x
Sat, 26 Aug 2023CN¥1.1tCN¥2.3tCN¥41.5b26.2x25.5x0.5x
Mon, 24 Jul 2023CN¥1.1tCN¥2.3tCN¥44.3b28.5x24.5x0.5x
Wed, 21 Jun 2023CN¥1.1tCN¥2.3tCN¥44.2b28x24x0.5x
Fri, 19 May 2023CN¥1.1tCN¥2.3tCN¥44.4b25.6x25.6x0.5x
Sun, 16 Apr 2023CN¥1.2tCN¥2.4tCN¥56.9b28.6x21.4x0.5x
Tue, 14 Mar 2023CN¥1.2tCN¥2.4tCN¥54.9b30.7x22.7x0.5x
Thu, 09 Feb 2023CN¥1.2tCN¥2.4tCN¥54.8b31.3x22.5x0.5x
Sat, 07 Jan 2023CN¥1.2tCN¥2.4tCN¥54.8b29.8x21.5x0.5x
Mon, 05 Dec 2022CN¥1.2tCN¥2.4tCN¥54.8b30x22.3x0.5x
Wed, 02 Nov 2022CN¥1.2tCN¥2.4tCN¥55.1b28.2x20.9x0.5x
Fri, 30 Sep 2022CN¥1.2tCN¥2.5tCN¥86.9b23.2x13.5x0.5x
Sun, 28 Aug 2022CN¥1.3tCN¥2.5tCN¥99.2b23.8x12.9x0.5x
Tue, 26 Jul 2022CN¥1.3tCN¥2.5tCN¥113.5b24.2x11.3x0.5x
Thu, 23 Jun 2022CN¥1.3tCN¥2.5tCN¥113.7b23.6x11.2x0.5x
Sat, 21 May 2022CN¥1.2tCN¥2.5tCN¥113.5b21.9x10.8x0.5x
Mon, 18 Apr 2022CN¥1.4tCN¥2.4tCN¥127.7b19.3x10.6x0.6x
Wed, 16 Mar 2022CN¥1.2tCN¥2.3tCN¥130.0b18.4x9.2x0.5x
Fri, 11 Feb 2022CN¥1.4tCN¥2.3tCN¥131.7b21.4x10.7x0.6x
Sun, 09 Jan 2022CN¥1.4tCN¥2.3tCN¥131.5b21.5x11x0.6x
Tue, 07 Dec 2021CN¥1.4tCN¥2.3tCN¥131.5b19.8x10.6x0.6x
Thu, 04 Nov 2021CN¥1.3tCN¥2.3tCN¥131.2b18.1x9.8x0.6x
Sat, 02 Oct 2021CN¥1.4tCN¥2.1tCN¥116.3b18.1x12.2x0.7x
Mon, 30 Aug 2021CN¥1.5tCN¥2.1tCN¥116.2b18.6x13.2x0.7x
Tue, 06 Jul 2021CN¥1.2tCN¥2.1tCN¥116.1b17.1x10.1x0.6x
Price to Earnings Ratio

13.6x


Total Market Cap: CN¥1.2tTotal Earnings: CN¥84.5bTotal Revenue: CN¥1.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Chinese Steel Industry Price to Earnings3Y Average 17.7x202220232024
Current Industry PE
  • Investors are optimistic on the Chinese Steel industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 22.0x which is higher than its 3-year average PE of 17.7x.
  • The industry is trading close to its 3-year average PS ratio of 0.53x.
Past Earnings Growth
  • The earnings for companies in the Steel industry have declined 17% per year over the last three years.
  • Meanwhile revenues for these companies have grown 5.8% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Comparison

How does Chinese Steel compare with similar industries?

CN Market-2.07%
Materials-0.77%
Metals and Mining0.38%
Steel-0.026%
Gold3.52%
Diversified Metals and Mining0.88%
Copper0.18%
Silver0%
Aluminum-1.95%
Precious Metals and Minerals-2.83%
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
600985 Huaibei Mining HoldingsLtdCN¥18.656.3%
+CN¥3.0b
40.1%PE8.1x
600019 Baoshan Iron & SteelCN¥6.741.0%
+CN¥1.5b
-2.2%PE12.2x
600997 Kailuan Energy ChemicalLtdCN¥8.528.0%
+CN¥1.0b
23.1%PE12.4x
688190 Qingdao Yunlu Advanced Materials TechnologyCN¥86.459.4%
+CN¥894.0m
17.0%PE34.5x
600282 Nanjing Iron & SteelCN¥5.012.7%
+CN¥801.5m
28.8%PE14.5x
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Latest News

601121

CN¥7.36

Xinjiang Baodi Mining

7D

15.0%

1Y

-14.8%

778

CN¥3.84

Xinxing Ductile Iron Pipes

7D

-4.7%

1Y

-14.5%

2552

CN¥15.71

Baoding Technology

7D

11.9%

1Y

-15.1%

600399

CN¥5.75

Fushun Special SteelLTD

7D

-6.5%

1Y

-50.4%

688122

CN¥37.82

Western Superconducting Technologies

7D

-3.0%

1Y

-34.8%

600997

CN¥8.52

Kailuan Energy ChemicalLtd

7D

8.0%

1Y

23.1%

2756

CN¥49.50

Yongxing Special Materials TechnologyLtd

7D

-4.4%

1Y

-29.7%

723

CN¥6.42

Shanxi Meijin EnergyLtd

7D

-3.2%

1Y

-28.3%

600019

CN¥6.74

Baoshan Iron & Steel

7D

1.0%

1Y

-2.2%

600985

CN¥18.65

Huaibei Mining HoldingsLtd

7D

6.3%

1Y

40.1%

600010

CN¥1.64

Inner Mongolia Baotou Steel Union

7D

-1.8%

1Y

-13.7%

600282

CN¥5.01

Nanjing Iron & Steel

7D

2.7%

1Y

28.8%

600126

CN¥5.10

Hang Zhou Iron & SteelLtd

7D

-5.7%

1Y

-1.5%