Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Steel Industry Analysis

UpdatedFeb 20, 2026
DataAggregated Company Financials
Companies34
  • 7D-4.6%
  • 3M17.3%
  • 1Y27.0%
  • YTDn/a

Over the last 7 days, the Steel industry has dropped 6.1%, driven by declines in Nucor and Steel Dynamics of 5.1% and 6.3%, respectively. In contrast, Scully Royalty has gained 11%. In the past year, the industry has gained 29%. As for the next few years, earnings are expected to grow by 29% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 20 Feb 2026US$130.1bUS$127.3bUS$2.7b23.2x48.1x1x
Sun, 18 Jan 2026US$128.9bUS$127.6bUS$2.6b22.9x49.6x1x
Tue, 16 Dec 2025US$119.9bUS$127.4bUS$2.2b22.2x54.6x0.9x
Thu, 13 Nov 2025US$106.9bUS$127.3bUS$2.3b20.1x46.6x0.8x
Sat, 11 Oct 2025US$107.1bUS$125.9bUS$2.3b18x47.3x0.9x
Mon, 08 Sep 2025US$117.9bUS$128.7bUS$2.6b18.9x45x0.9x
Wed, 06 Aug 2025US$108.7bUS$129.1bUS$2.7b18.4x39.7x0.8x
Fri, 04 Jul 2025US$115.2bUS$132.6bUS$2.8b20.8x40.6x0.9x
Sun, 01 Jun 2025US$110.8bUS$147.8bUS$2.8b19.7x40x0.7x
Tue, 29 Apr 2025US$117.7bUS$155.2bUS$5.2b19.7x22.5x0.8x
Thu, 27 Mar 2025US$123.0bUS$155.5bUS$5.6b17.8x22x0.8x
Sat, 22 Feb 2025US$126.4bUS$156.9bUS$6.1b15.3x20.8x0.8x
Mon, 20 Jan 2025US$124.2bUS$160.3bUS$7.2b13.1x17.3x0.8x
Wed, 18 Dec 2024US$125.9bUS$163.1bUS$7.7b14.5x16.3x0.8x
Fri, 15 Nov 2024US$142.7bUS$163.8bUS$7.7b16.4x18.5x0.9x
Sun, 13 Oct 2024US$137.3bUS$168.9bUS$9.2b12x14.9x0.8x
Tue, 10 Sep 2024US$123.8bUS$168.9bUS$9.2b11x13.4x0.7x
Thu, 08 Aug 2024US$134.6bUS$169.2bUS$9.4b11x14.3x0.8x
Sat, 06 Jul 2024US$140.0bUS$173.0bUS$12.8b10.8x10.9x0.8x
Mon, 03 Jun 2024US$148.3bUS$173.5bUS$13.2b13.1x11.3x0.9x
Wed, 01 May 2024US$144.1bUS$174.0bUS$13.5b11.1x10.7x0.8x
Fri, 29 Mar 2024US$160.4bUS$174.9bUS$14.1b11.7x11.4x0.9x
Sun, 25 Feb 2024US$155.2bUS$173.4bUS$13.7b13.9x11.3x0.9x
Tue, 23 Jan 2024US$145.5bUS$175.5bUS$14.8b15.1x9.9x0.8x
Thu, 21 Dec 2023US$149.7bUS$175.8bUS$14.8b13x10.1x0.9x
Sat, 18 Nov 2023US$133.5bUS$177.0bUS$15.0b13.5x8.9x0.8x
Mon, 16 Oct 2023US$127.4bUS$180.7bUS$17.3b8.2x7.4x0.7x
Wed, 13 Sep 2023US$133.0bUS$181.3bUS$17.4b8.1x7.7x0.7x
Fri, 11 Aug 2023US$132.9bUS$181.4bUS$17.5b8.6x7.6x0.7x
Sun, 09 Jul 2023US$131.0bUS$185.9bUS$20.1b8.5x6.5x0.7x
Tue, 06 Jun 2023US$118.2bUS$186.6bUS$20.4b8.7x5.8x0.6x
Thu, 04 May 2023US$120.3bUS$186.4bUS$20.5b7.4x5.9x0.6x
Sat, 01 Apr 2023US$129.6bUS$191.8bUS$24.3b7.1x5.3x0.7x
Mon, 27 Feb 2023US$134.1bUS$191.9bUS$24.5b5.6x5.5x0.7x
Price to Earnings Ratio

5.5x


Total Market Cap: US$134.1bTotal Earnings: US$24.5bTotal Revenue: US$191.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Steel Industry Price to Earnings3Y Average 20.7x202420252026
Current Industry PE
  • Investors are optimistic on the American Steel industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 45.6x which is higher than its 3-year average PE of 20.7x.
  • The 3-year average PS ratio of 0.80x is lower than the industry's current PS ratio of 1.0x.
Past Earnings Growth
  • The earnings for companies in the Steel industry have declined 51% per year over the last three years,
  • Revenues have also declined 13% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Comparison

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

US Market0.64%
Materials0.79%
Metals and Mining2.09%
Steel-4.57%
Silver8.89%
Precious Metals and Minerals6.82%
Gold6.35%
Diversified Metals and Mining6.23%
Aluminum-0.03%
Copper-0.93%
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
ASTL Algoma Steel GroupUS$4.8913.7%
+US$61.9m		-37.2%PS0.3x
METC Ramaco ResourcesUS$16.722.5%
+US$27.1m		70.4%PS1.9x
AP Ampco-PittsburghUS$8.5613.5%
+US$20.7m		328.0%PS0.4x
MTUS MetallusUS$20.931.1%
+US$9.6m		31.4%PS0.8x
HUDI Huadi International GroupUS$1.2813.4%
+US$2.2m		-20.0%PS0.3x

Latest News

RS
US$327.28
Reliance
7D
-8.1%
1Y
8.1%
TX
US$43.51
Ternium
7D
-2.7%
1Y
46.1%
SXC
US$6.43
SunCoke Energy
7D
-21.1%
1Y
-32.4%
CLF
US$10.27
Cleveland-Cliffs
7D
-4.6%
1Y
-14.3%
CMC
US$77.66
Commercial Metals
7D
-2.6%
1Y
52.8%

CMC: Share Repurchases And Higher P/E Assumptions Will Signal Overvaluation

Analysts have raised their price target on Commercial Metals from $41.00 to $66.00, citing updated assumptions for revenue growth, profit margins, the discount rate, and a higher future P/E multiple. What's in the News From October 1, 2025 to November 30, 2025, Commercial Metals repurchased 663,220 shares for $38.9 million, accounting for 0.6% of its shares.
NUE
US$180.04
Nucor
7D
-4.6%
1Y
28.6%
MTUS
US$20.93
Metallus
7D
1.1%
1Y
31.4%

MTUS: Future Returns Will Reflect Canton Labor Deal Progress And Steady Buybacks

Analysts have kept their Metallus fair value target steady at $20.00 while fine tuning assumptions around discount rate, revenue growth, profit margin, and forward P/E to reflect updated views on the company’s risk profile and earnings power. What's in the News Metallus and United Steelworkers (USW) Local 1123 reached a new tentative four year labor agreement after earlier proposals were rejected on October 30 and December 18, 2025.
METC
US$16.72
Ramaco Resources
7D
2.5%
1Y
70.4%

METC: Rare Earths Execution Risk Will Continue To Temper Coal-Funded Upside

Analysts have lifted their Ramaco Resources price target to US$16.00, citing updated assumptions around slightly higher projected revenue growth, a modestly adjusted discount rate and P/E outlook, and a small tweak to expected profit margins. Analyst Commentary While the revised US$16.00 price target reflects updated assumptions, some bearish analysts remain cautious and continue to flag key risks around Ramaco Resources' valuation and execution outlook.
WS
US$43.56
Worthington Steel
7D
-6.4%
1Y
50.7%

WS: Higher Future P/E Will Offset Localized Impairment While Keeping Outlook Balanced

Analysts have revised their price target on Worthington Steel to $47 from $41, citing updated fair value assumptions, a slightly lower discount rate, and a higher future P/E multiple in their models. What's in the News Worthington Steel, Inc.
STLD
US$190.58
Steel Dynamics
7D
-4.5%
1Y
41.1%

STLD: Tariff Support And 2026 Outlook Will Balance Capacity And Acquisition Risks

Narrative Update The analyst price target for Steel Dynamics shifts slightly higher to about US$193 from about US$191, as analysts factor in refreshed 2026 outlooks that point to resilient steel pricing, incremental capacity driven market share gains for domestic mills, and mixed but generally supportive expectations for sector profitability despite a challenging macro backdrop. Analyst Commentary Recent research paints a mixed but generally constructive picture for Steel Dynamics, with several firms lifting price targets while one high profile downgrade highlights growing valuation and execution questions into 2026.
INHD
US$1.10
Inno Holdings
7D
0.9%
1Y
-99.0%
AP
US$8.56
Ampco-Pittsburgh
7D
13.5%
1Y
328.0%

Ampco-Pittsburgh Corporation (NYSE:AP) Held Back By Insufficient Growth Even After Shares Climb 25%

Feb 04
Ampco-Pittsburgh Corporation (NYSE:AP) Held Back By Insufficient Growth Even After Shares Climb 25%
HUDI
US$1.28
Huadi International Group
7D
13.4%
1Y
-20.0%
ASTL
US$4.89
Algoma Steel Group
7D
13.7%
1Y
-37.2%