Hong Kong (HSI) Steel Industry Analysis

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
Thu, 23 Jul 2026	HK$100.2b	HK$376.9b	-HK$9,265,511,866.47	16.3x	-10.8x	0.3x
Sat, 20 Jun 2026	HK$105.7b	HK$377.0b	-HK$9,267,432,059.54	18.1x	-11.4x	0.3x
Mon, 18 May 2026	HK$119.9b	HK$374.8b	-HK$9,206,415,497.65	20x	-13x	0.3x
Wed, 15 Apr 2026	HK$128.8b	HK$381.9b	-HK$8,120,391,700.57	21x	-15.9x	0.3x
Fri, 13 Mar 2026	HK$143.3b	HK$386.9b	-HK$7,977,659,566.24	16.2x	-18x	0.4x
Sun, 08 Feb 2026	HK$134.8b	HK$382.7b	-HK$7,891,180,406.52	16.7x	-17.1x	0.4x
Tue, 06 Jan 2026	HK$130.3b	HK$379.3b	-HK$7,802,575,154.32	15.6x	-16.7x	0.3x
Thu, 04 Dec 2025	HK$128.2b	HK$375.2b	-HK$7,697,068,157.41	15.5x	-16.7x	0.3x
Sat, 01 Nov 2025	HK$131.7b	HK$371.4b	-HK$9,255,652,649.44	11.3x	-14.2x	0.4x
Mon, 29 Sep 2025	HK$123.2b	HK$369.2b	-HK$11,552,441,876.96	9.9x	-10.7x	0.3x
Wed, 27 Aug 2025	HK$124.6b	HK$393.0b	-HK$11,279,578,362.74	6.1x	-11x	0.3x
Fri, 25 Jul 2025	HK$122.8b	HK$396.2b	-HK$11,054,174,956.89	5.6x	-11.1x	0.3x
Sun, 22 Jun 2025	HK$101.9b	HK$395.6b	-HK$11,377,274,257.70	4.6x	-9x	0.3x
Tue, 20 May 2025	HK$98.4b	HK$392.6b	-HK$11,261,327,541.54	4.2x	-8.7x	0.3x
Thu, 17 Apr 2025	HK$92.2b	HK$389.7b	-HK$12,190,668,300.68	4.1x	-7.6x	0.2x
Sat, 15 Mar 2025	HK$102.4b	HK$413.0b	-HK$8,645,200,534.72	7.4x	-11.8x	0.2x
Mon, 10 Feb 2025	HK$99.5b	HK$411.0b	-HK$8,574,275,320.00	6.7x	-11.6x	0.2x
Wed, 08 Jan 2025	HK$98.7b	HK$408.4b	-HK$8,498,039,352.03	6.7x	-11.6x	0.2x
Fri, 06 Dec 2024	HK$102.4b	HK$411.8b	-HK$8,598,469,917.80	6.7x	-11.9x	0.2x
Sun, 03 Nov 2024	HK$101.9b	HK$419.2b	-HK$8,829,270,774.85	6.8x	-11.5x	0.2x
Tue, 01 Oct 2024	HK$100.0b	HK$438.0b	-HK$4,389,015,945.58	7.2x	-22.8x	0.2x
Thu, 29 Aug 2024	HK$82.7b	HK$444.0b	-HK$4,875,613,946.99	6.7x	-17x	0.2x
Sat, 27 Jul 2024	HK$85.7b	HK$437.1b	-HK$4,982,363,741.69	7.3x	-17.2x	0.2x
Mon, 24 Jun 2024	HK$91.2b	HK$436.5b	-HK$4,971,737,036.00	7.8x	-18.3x	0.2x
Wed, 22 May 2024	HK$98.5b	HK$437.8b	-HK$4,996,745,167.21	8x	-19.7x	0.2x
Fri, 19 Apr 2024	HK$101.0b	HK$448.5b	-HK$3,355,828,454.90	7.3x	-30.1x	0.2x
Sun, 17 Mar 2024	HK$99.4b	HK$448.1b	-HK$2,701,438,044.53	4.6x	-36.8x	0.2x
Tue, 13 Feb 2024	HK$101.9b	HK$448.1b	-HK$2,720,363,975.21	3.8x	-37.4x	0.2x
Thu, 11 Jan 2024	HK$102.3b	HK$465.9b	-HK$4,200,780,557.00	4.3x	-24.4x	0.2x
Sat, 09 Dec 2023	HK$100.2b	HK$465.9b	-HK$4,202,155,904.00	4.3x	-23.8x	0.2x
Mon, 06 Nov 2023	HK$98.5b	HK$458.0b	-HK$4,056,619,684.00	4x	-24.3x	0.2x
Wed, 04 Oct 2023	HK$102.5b	HK$460.6b	-HK$7,045,870,413.00	4.1x	-14.5x	0.2x
Fri, 01 Sep 2023	HK$99.4b	HK$462.7b	-HK$6,057,566,899.00	4.9x	-16.4x	0.2x
Sun, 30 Jul 2023	HK$107.1b	HK$477.9b	-HK$2,421,497,233.00	5.2x	-44.2x	0.2x

Current Industry PE

Investors are relatively neutral on the Hong Kong Steel industry at the moment, indicating that they anticipate long term growth rates to remain steady.

The industry is trading close to its 3-year average PS ratio of 0.26x.

Past Earnings Growth

The earnings for companies in the Steel industry have deteriorated over the last three years.
Revenues have also declined 7.6% per year.
This means overall sales from these companies are declining and losses are subsequently expanding as well.

Industry Comparison

How does Hong Kong Steel compare with similar industries?


HK Market	0.84%
Materials	6.60%
Metals and Mining	7.55%
Steel	0.13%
Gold	18.61%
Silver	12.24%
Copper	10.50%
Diversified Metals and Mining	7.96%
Aluminum	-0.29%

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
323 Maanshan Iron & Steel	HK$1.73	4.8% +HK$616.1m	-20.6%	PS0.2x
3788 Hanking Gold International	HK$2.64	10.0% +HK$528.4m	-1.1%	PE29.2x
347 Angang Steel	HK$1.21	4.3% +HK$468.5m	-48.1%	PS0.1x
639 Shougang Fushan Resources Group	HK$2.44	3.8% +HK$458.2m	-15.6%	PE19.6x
581 China Oriental Group	HK$1.13	4.6% +HK$186.1m	-39.6%	PE16.1x

Hong Kong Gold Industry Group Limited Announces Board and Committees Changes, Effective on 23 June 2026

Hong Kong Gold Industry Group Limited announced that Mr. Tong Jiwen ("Mr. Tong") has been elected as an executive Director and each of Mr. Yan Jonathan Jun ("Mr. Yan"), Mr. Zhou Ming ("Mr. Zhou"), Mr. Leung Wai Fung Joseph ("Mr. Leung") and Mr. Jiang Lanxin ("Mr. Jiang") has been elected as an independent non-executive Director by the Shareholders at the AGM, with effect from the conclusion of the AGM on 23 June 2026. The Board announces that with effect from 23 June 2026, Mr. Liu Haitian ("Mr. Liu"), an independent non-executive Director, has been re-designated as a non-executive Director, and has ceased to be the chairman of the remuneration committee of the Company and a member of the nomination committee of the Company in order for him to devote more time to, and in view of, his increased duties and responsibilities of identifying and evaluating business opportunities for the Group. The Company has entered into a service contract with Mr. Liu for his role as a non-executive director pursuant to which he is appointed for an initial term of two years from the 23 June 2026. As set out in the Circular, each of Mr. Wong Chi Wah and Mr. Liu Huangsong, who retired by rotation at the AGM pursuant to Article 112 of the Articles, had informed the Board that he would not to offer himself for re-election at the AGM in order to devote more time to their respective personal engagements. Each of Mr. Wong and Mr. Liu has confirmed that he has no disagreement with the Board and there is no matter with respect to his retirement that needs to be brought to the attention of the Shareholders. The Board announces the following changes in composition of the Board Committees of the Company effective from the conclusion of the AGM on 23 June 2026 as a result of the retirement, redesignation and appointment of Directors as disclosed above: Audit committee of the Company ("Audit Committee"). Mr. Wong Chi Wah ceased to be the chairman of the Audit Committee. Mr. Leung was appointed as the chairman of the Audit Committee. Remuneration committee of the Company ("Remuneration Committee"). Mr. Liu ceased to be the chairman of the Remuneration Committee. Mr. Jiang was appointed as chairman of the Remuneration Committee. Mr. Wong Chi Wah ceased to be a member of the Remuneration Committee. Mr. Leung was appointed as member of the Remuneration Committee. Nomination committee of the Company ("Nomination Committee"). Mr. Liu Huangsong and Mr. Liu ceased to be members of the Nomination Committee. Mr. Jiang and Mr. Yan were appointed as members of the Nomination Committee. Strategy committee of the Company ("Strategy Committee") Mr. Wang Dong ceased to be a member of the Strategy Committee. Mr. Zhou was appointed as member of the Strategy Committee.

Hong Kong (HSI) Steel Industry Analysis

Industry Valuation and Performance

Industry Comparison

Top Stock Gainers and Losers

Latest News

323: Fair Outlook Will Reflect Lower Multiple And Capital Restructuring Risks

No longer forecast to breakeven

Upcoming dividend of HK$0.078 per share

Investor sentiment improves as stock rises 22%

New minor risk - Market cap size

MD & Executive Director recently bought HK$452k worth of stock

Chongqing Iron & Steel Company Limited Provides Preliminary Earnings Guidance for the First Half Ended 30 June 2026

Upcoming dividend of HK$0.07 per share

Hong Kong Gold Industry Group Limited Announces Board and Committees Changes, Effective on 23 June 2026

Upcoming dividend of HK$0.029 per share

Investor sentiment deteriorates as stock falls 17%

Independent Non-Executive Director recently bought HK$180k worth of stock

New minor risk - Share price stability

New minor risk - Share price stability

Full year 2025 earnings released: CN¥0.12 loss per share (vs CN¥0.28 profit in FY 2024)

Full year 2025 earnings released: CN¥0.99 loss per share (vs CN¥0.65 loss in FY 2024)