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U.K. (FTSE) Steel Industry Analysis

UpdatedJan 25, 2026
DataAggregated Company Financials
Companies8
  • 7D3.5%
  • 3M16.7%
  • 1Y15.4%
  • YTDn/a

Ferrexpo is up 11%, leading the way for the Steel industry, which has gained 3.5%. During this same period, the Zanaga Iron Ore underperformed, falling 11%. This takes the industry's 12 month performance to a gain of 15%. Earnings are forecast to grow by 32% annually.

Industry Valuation and Performance

Has the U.K. Steel Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 25 Jan 2026UK£2.9bUK£1.7b-UK£160,409,901.3624.2x-18.2x1.7x
Tue, 23 Dec 2025UK£2.7bUK£1.7b-UK£163,719,469.5224.7x-16.3x1.6x
Thu, 20 Nov 2025UK£2.5bUK£1.7b-UK£170,983,065.3623x-14.4x1.4x
Sat, 18 Oct 2025UK£2.4bUK£1.7b-UK£164,712,125.5226.3x-14.7x1.4x
Mon, 15 Sep 2025UK£2.4bUK£1.7b-UK£160,282,443.2820.9x-14.8x1.4x
Wed, 13 Aug 2025UK£2.3bUK£1.7b-UK£150,788,264.4020.7x-15.3x1.4x
Fri, 11 Jul 2025UK£2.2bUK£1.8bUK£35.8m20.2x61.1x1.2x
Sun, 08 Jun 2025UK£2.1bUK£1.8bUK£35.4m14.3x58.8x1.2x
Tue, 06 May 2025UK£2.2bUK£1.8bUK£34.4m14.1x65.3x1.2x
Thu, 03 Apr 2025UK£2.1bUK£1.8bUK£32.7m13.9x63.6x1.1x
Sat, 01 Mar 2025UK£2.3bUK£1.8bUK£49.9m9.3x46.4x1.3x
Mon, 27 Jan 2025UK£2.5bUK£1.8bUK£49.6m9.8x51.1x1.4x
Wed, 25 Dec 2024UK£2.5bUK£1.8bUK£49.8m9.9x50.2x1.4x
Fri, 22 Nov 2024UK£2.5bUK£1.8bUK£50.0m10.1x49.5x1.4x
Sun, 20 Oct 2024UK£2.3bUK£1.8bUK£55.9m10.7x41x1.3x
Tue, 17 Sep 2024UK£2.2bUK£1.8bUK£56.4m11.3x39.8x1.3x
Thu, 15 Aug 2024UK£2.3bUK£1.8bUK£40.5m21.5x56.3x1.3x
Sat, 13 Jul 2024UK£2.4bUK£1.6bUK£11.3m24.8x215.1x1.5x
Mon, 10 Jun 2024UK£2.3bUK£1.7bUK£3.6m16.8x632.1x1.4x
Wed, 08 May 2024UK£2.2bUK£1.7bUK£2.2m16.1x1009.9x1.3x
Fri, 05 Apr 2024UK£2.2bUK£1.7bUK£200.6m9.3x11.1x1.3x
Sun, 03 Mar 2024UK£2.3bUK£1.7bUK£189.9m8.5x12.3x1.4x
Tue, 30 Jan 2024UK£7.7bUK£29.1bUK£8.1b5.8x1x0.3x
Thu, 28 Dec 2023UK£7.8bUK£29.1bUK£8.1b6x1x0.3x
Sat, 25 Nov 2023UK£7.7bUK£29.1bUK£8.1b4.9x1x0.3x
Mon, 23 Oct 2023UK£7.5bUK£29.1bUK£8.1b4.5x0.9x0.3x
Wed, 20 Sep 2023UK£7.7bUK£29.0bUK£8.1b4.5x0.9x0.3x
Fri, 18 Aug 2023UK£7.8bUK£29.0bUK£8.2b4x0.9x0.3x
Sun, 16 Jul 2023UK£7.6bUK£29.4bUK£8.2b4.1x0.9x0.3x
Tue, 13 Jun 2023UK£7.7bUK£29.5bUK£8.2b4.4x0.9x0.3x
Thu, 11 May 2023UK£7.7bUK£29.5bUK£8.2b4.8x0.9x0.3x
Sat, 08 Apr 2023UK£7.7bUK£29.5bUK£8.2b4.5x0.9x0.3x
Mon, 06 Mar 2023UK£8.0bUK£30.3bUK£8.3b4.5x1x0.3x
Wed, 01 Feb 2023UK£8.2bUK£30.3bUK£8.3b6.3x1x0.3x
Price to Earnings Ratio

1x


Total Market Cap: UK£8.2bTotal Earnings: UK£8.3bTotal Revenue: UK£30.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Steel Industry Price to Earnings3Y Average 68.9x202420252026
Current Industry PE
  • Investors are optimistic on the British Steel industry, and appear confident in long term growth rates.
  • The 3-year average PS ratio of 0.98x is lower than the industry's current PS ratio of 1.7x.
Past Earnings Growth
  • Total earnings for the Steel industry have declined over the last three years, with the industry now making a loss overall.
  • Revenues have also declined 62% per year, which is driving profits down.

Industry Comparison

How does U.K. Steel compare with similar industries?

GB Market-0.42%
Materials4.29%
Metals and Mining4.56%
Steel3.47%
Gold13.97%
Precious Metals and Minerals4.81%
Diversified Metals and Mining4.03%
Copper0.91%
Aluminum0%0
Silver0%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
FXPO FerrexpoUK£0.8111.1%
+UK£47.7m		-23.8%PS0.8x
ECOR Ecora RoyaltiesUK£1.4612.8%
+UK£41.3m		134.6%PS19.1x
SML Strategic MineralsUK£0.01725.9%
+UK£8.2m		570.0%PE57.6x
HILS Hill & SmithUK£23.400.4%
+UK£7.5m		19.8%PE23x
CGS CastingsUK£2.690.6%
+UK£652.2k		3.3%PE24.2x

Latest News

SML
UK£0.017
Strategic Minerals
7D
25.9%
1Y
570.0%
FXPO
UK£0.81
Ferrexpo
7D
11.1%
1Y
-23.8%
HILS
UK£23.40
Hill & Smith
7D
0.4%
1Y
19.8%

HILS: FY25 Profit Outlook And Higher Required Return Will Shape Fair Value

Analysts have raised their price target for Hill & Smith by £0.50 to £24.59, citing adjustments to fair value estimates, discount rate assumptions and expected future P/E levels. What's in the News Hill & Smith issued full year 2025 guidance, indicating that underlying operating profit is expected to be in line with current analyst consensus (Key Developments).
ECOR
UK£1.46
Ecora Royalties
7D
12.8%
1Y
134.6%

ECOR: Future Royalty Upside Will Stem From Expanded Phalaborwa Rare Earth Resource

Analysts have lifted their price target for Ecora Resources from £1.34 to £1.41, citing a slightly lower discount rate, a small adjustment in projected revenue growth and profit margin, and a higher future P/E assumption as key factors behind the change. What's in the News Ecora Resources highlights an updated Mineral Resource Estimate at the Phalaborwa rare earths project, which now includes yttrium alongside other heavy rare earth elements that are subject to Chinese export controls (Key Developments).
ZIOC
UK£0.073
Zanaga Iron Ore
7D
-11.2%
1Y
-11.3%
CGS
UK£2.69
Castings
7D
0.6%
1Y
3.3%