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Hong Kong (HSI) Steel Industry Analysis
UpdatedMar 24, 2026
DataAggregated Company Financials
Companies22
- 7D-9.6%
- 3M-4.9%
- 1Y18.2%
- YTDn/a
Over the last 7 days, the Steel industry has dropped 11%, driven by declines in Angang Steel and Maanshan Iron & Steel of 20% and 13%, respectively. On the other hand Add New Energy Investment Holdings Group is actually up 38%. Over the past 12 months, the industry was up 22%. As for the next few years, earnings are expected to grow by 87% per annum.
Industry Valuation and Performance
Has the Hong Kong Steel Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 25 Mar 2026 | HK$124.5b | HK$385.8b | -HK$8,552,211,175.01 | 15.8x | -14.6x | 0.3x |
| Fri, 20 Feb 2026 | HK$138.7b | HK$384.3b | -HK$7,931,074,118.36 | 17.1x | -17.5x | 0.4x |
| Sun, 18 Jan 2026 | HK$133.4b | HK$380.5b | -HK$7,832,450,010.42 | 16.4x | -17x | 0.4x |
| Tue, 16 Dec 2025 | HK$127.1b | HK$375.9b | -HK$7,714,979,897.28 | 15.6x | -16.5x | 0.3x |
| Thu, 13 Nov 2025 | HK$136.4b | HK$372.0b | -HK$7,615,122,866.75 | 16.3x | -17.9x | 0.4x |
| Sat, 11 Oct 2025 | HK$133.8b | HK$369.9b | -HK$11,577,460,961.47 | 10.8x | -11.6x | 0.4x |
| Mon, 08 Sep 2025 | HK$119.0b | HK$369.1b | -HK$11,503,732,238.19 | 9.6x | -10.3x | 0.3x |
| Wed, 06 Aug 2025 | HK$121.7b | HK$394.6b | -HK$10,989,756,154.11 | 5.3x | -11.1x | 0.3x |
| Fri, 04 Jul 2025 | HK$111.2b | HK$395.9b | -HK$11,042,616,103.62 | 4.9x | -10.1x | 0.3x |
| Sun, 01 Jun 2025 | HK$101.7b | HK$394.2b | -HK$11,321,350,355.30 | 4.3x | -9x | 0.3x |
| Tue, 29 Apr 2025 | HK$94.9b | HK$388.7b | -HK$11,970,249,553.92 | 4x | -7.9x | 0.2x |
| Thu, 27 Mar 2025 | HK$101.4b | HK$412.0b | -HK$8,628,673,888.04 | 5.2x | -11.7x | 0.2x |
| Sat, 22 Feb 2025 | HK$96.3b | HK$411.7b | -HK$8,597,897,529.25 | 7.1x | -11.2x | 0.2x |
| Mon, 20 Jan 2025 | HK$98.5b | HK$408.9b | -HK$8,511,001,794.17 | 6.4x | -11.6x | 0.2x |
| Wed, 18 Dec 2024 | HK$99.5b | HK$410.1b | -HK$8,551,885,867.62 | 6.5x | -11.6x | 0.2x |
| Fri, 15 Nov 2024 | HK$96.2b | HK$413.0b | -HK$8,633,096,147.23 | 6.7x | -11.1x | 0.2x |
| Sun, 13 Oct 2024 | HK$96.6b | HK$435.1b | -HK$4,337,749,432.00 | 8.3x | -22.3x | 0.2x |
| Tue, 10 Sep 2024 | HK$80.2b | HK$433.6b | -HK$4,333,621,132.17 | 7.9x | -18.5x | 0.2x |
| Thu, 08 Aug 2024 | HK$85.6b | HK$441.1b | -HK$5,059,650,204.93 | 7x | -16.9x | 0.2x |
| Sat, 06 Jul 2024 | HK$92.4b | HK$436.5b | -HK$4,971,423,904.88 | 7.6x | -18.6x | 0.2x |
| Mon, 03 Jun 2024 | HK$99.3b | HK$438.4b | -HK$5,005,820,320.52 | 7.7x | -19.8x | 0.2x |
| Wed, 01 May 2024 | HK$97.3b | HK$444.1b | -HK$4,977,818,829.55 | 7.2x | -19.6x | 0.2x |
| Fri, 29 Mar 2024 | HK$94.8b | HK$447.9b | -HK$4,180,043,823.27 | 5.3x | -22.7x | 0.2x |
| Sun, 25 Feb 2024 | HK$106.5b | HK$448.1b | -HK$2,720,696,540.73 | 5.6x | -39.1x | 0.2x |
| Tue, 23 Jan 2024 | HK$96.8b | HK$464.3b | -HK$4,175,373,973.00 | 4.2x | -23.2x | 0.2x |
| Thu, 21 Dec 2023 | HK$99.5b | HK$466.8b | -HK$4,217,835,537.00 | 4x | -23.6x | 0.2x |
| Sat, 18 Nov 2023 | HK$100.6b | HK$462.0b | -HK$4,130,403,707.00 | 4x | -24.4x | 0.2x |
| Mon, 16 Oct 2023 | HK$99.3b | HK$459.9b | -HK$7,029,652,398.00 | 4x | -14.1x | 0.2x |
| Wed, 13 Sep 2023 | HK$101.3b | HK$461.1b | -HK$7,038,148,263.00 | 4x | -14.4x | 0.2x |
| Fri, 11 Aug 2023 | HK$104.5b | HK$475.5b | -HK$2,394,602,886.00 | 4.8x | -43.6x | 0.2x |
| Sun, 09 Jul 2023 | HK$95.2b | HK$475.2b | -HK$2,390,741,338.00 | 4.5x | -39.8x | 0.2x |
| Tue, 06 Jun 2023 | HK$102.0b | HK$482.4b | -HK$2,473,523,051.00 | 4.5x | -41.2x | 0.2x |
| Thu, 04 May 2023 | HK$109.0b | HK$496.7b | -HK$2,638,015,129.00 | 5x | -41.3x | 0.2x |
| Sat, 01 Apr 2023 | HK$111.9b | HK$511.2b | HK$3.4b | 4.6x | 33.1x | 0.2x |
Price to Earnings Ratio
33.1x
Current Industry PE
- Investors are optimistic on the Hong Kong Steel industry, and appear confident in long term growth rates.
- The industry is trading close to its 3-year average PS ratio of 0.25x.
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 8.7% per year, which is driving profits down.
Industry Comparison
How does Hong Kong Steel compare with similar industries?
| HK Market | -4.78% | |
| Materials | -13.46% | |
| Metals and Mining | -14.11% | |
| Steel | -9.58% | |
| Gold | -8.46% | |
| Copper | -12.46% | |
| Silver | -13.73% | |
| Diversified Metals and Mining | -18.57% | |
| Aluminum | -18.61% | |
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 | |
|---|---|---|---|---|---|
| 2623 Add New Energy Investment Holdings Group | HK$5.62 | 14.9% +HK$255.7m | 921.8% | PE23.3x | |
| 639 Shougang Fushan Resources Group | HK$3.27 | 1.6% +HK$254.6m | 27.2% | PE15.7x | |
| 1370 Aowei Holding | HK$0.23 | 11.4% +HK$39.2m | -51.8% | PS0.6x | |
| 159 Brockman Mining | HK$0.081 | 1.3% +HK$9.3m | -10.0% | PB1.7x | |
| 6885 Henan Jinma Energy | HK$1.07 | 0.9% +HK$5.4m | 114.0% | PS0.06x |
