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U.S. Steel Industry Analysis

UpdatedJan 02, 2026
DataAggregated Company Financials
Companies36
  • 7D-2.3%
  • 3M11.7%
  • 1Y32.8%
  • YTDn/a

Over the last 7 days, the Steel industry has dropped 2.0%, driven by pullbacks in Steel Dynamics and Nucor of 3.4% and 1.9%, respectively. This takes the industry's 12 month performance to a gain of 32%. Earnings are forecast to grow by 37% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 02 Jan 2026US$120.0bUS$127.5bUS$2.2b22.3x53.8x0.9x
Sun, 30 Nov 2025US$116.0bUS$127.4bUS$2.3b20.9x50.5x0.9x
Tue, 28 Oct 2025US$106.9bUS$126.9bUS$2.4b18.7x44.8x0.8x
Thu, 25 Sep 2025US$114.3bUS$128.7bUS$2.6b19x43.5x0.9x
Sat, 23 Aug 2025US$112.1bUS$128.7bUS$2.6b18.6x42.8x0.9x
Mon, 21 Jul 2025US$116.2bUS$129.8bUS$2.9b20.3x39.5x0.9x
Wed, 18 Jun 2025US$118.5bUS$147.8bUS$2.8b20.6x42.7x0.8x
Fri, 16 May 2025US$113.3bUS$147.7bUS$2.8b20x40.9x0.8x
Sun, 13 Apr 2025US$110.7bUS$155.6bUS$5.6b16.9x19.8x0.7x
Tue, 11 Mar 2025US$120.0bUS$155.7bUS$5.7b15.4x21x0.8x
Thu, 06 Feb 2025US$124.9bUS$158.4bUS$6.5b14.8x19.1x0.8x
Sat, 04 Jan 2025US$118.0bUS$163.0bUS$7.7b13.4x15.3x0.7x
Mon, 02 Dec 2024US$146.1bUS$163.2bUS$7.7b16.7x19.1x0.9x
Wed, 30 Oct 2024US$138.1bUS$167.0bUS$7.9b12.4x17.4x0.8x
Fri, 27 Sep 2024US$135.1bUS$168.9bUS$9.2b11.9x14.6x0.8x
Sun, 25 Aug 2024US$133.3bUS$169.0bUS$9.3b11.8x14.4x0.8x
Tue, 23 Jul 2024US$143.2bUS$172.5bUS$12.5b11.9x11.5x0.8x
Thu, 20 Jun 2024US$136.6bUS$173.3bUS$13.1b11.2x10.4x0.8x
Sat, 18 May 2024US$148.8bUS$173.6bUS$13.1b12.9x11.3x0.9x
Mon, 15 Apr 2024US$157.0bUS$174.6bUS$14.0b11.6x11.2x0.9x
Wed, 13 Mar 2024US$152.4bUS$175.0bUS$14.2b12x10.8x0.9x
Fri, 09 Feb 2024US$150.4bUS$174.0bUS$14.1b13.1x10.7x0.9x
Sun, 07 Jan 2024US$145.4bUS$175.8bUS$14.9b16.1x9.8x0.8x
Tue, 05 Dec 2023US$143.0bUS$180.4bUS$15.1b13.3x9.4x0.8x
Thu, 02 Nov 2023US$128.2bUS$176.9bUS$15.2b10.5x8.4x0.7x
Sat, 30 Sep 2023US$134.4bUS$181.1bUS$17.4b8.6x7.7x0.7x
Mon, 28 Aug 2023US$133.9bUS$181.3bUS$17.4b8.6x7.7x0.7x
Wed, 26 Jul 2023US$138.3bUS$181.8bUS$18.2b9.7x7.6x0.8x
Fri, 23 Jun 2023US$125.5bUS$186.3bUS$20.1b8.8x6.2x0.7x
Sun, 21 May 2023US$116.6bUS$186.6bUS$20.4b9.2x5.7x0.6x
Tue, 18 Apr 2023US$125.9bUS$191.8bUS$24.2b6.7x5.2x0.7x
Thu, 16 Mar 2023US$120.8bUS$191.9bUS$24.4b5.7x4.9x0.6x
Sat, 11 Feb 2023US$134.6bUS$194.4bUS$27.1b5.5x5x0.7x
Mon, 09 Jan 2023US$120.3bUS$196.8bUS$29.2b4.3x4.1x0.6x
Price to Earnings Ratio

4.1x


Total Market Cap: US$120.3bTotal Earnings: US$29.2bTotal Revenue: US$196.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Steel Industry Price to Earnings3Y Average 18.7x202420252026
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 54.5x which is higher than its 3-year average PE of 18.7x.
  • The industry is trading close to its 3-year average PS ratio of 0.79x.
Past Earnings Growth
  • The earnings for companies in the Steel industry have declined 58% 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 Market-1.43%
Materials-2.60%
Metals and Mining-4.85%
Steel-2.32%
Aluminum-1.98%
Copper-4.12%
Silver-5.08%
Gold-6.33%
Diversified Metals and Mining-6.94%
Precious Metals and Minerals-8.22%
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
SIM Grupo Simec. deUS$29.661.1%
+US$50.7m		11.2%PE30.8x
SRL Scully RoyaltyUS$8.5520.4%
+US$22.1m		-0.2%PS5x
MSB Mesabi TrustUS$38.523.9%
+US$19.0m		36.8%PE29.4x
AP Ampco-PittsburghUS$5.3314.6%
+US$13.8m		126.8%PS0.3x
METC Ramaco ResourcesUS$18.000.6%
+US$7.3m		73.7%PS2.1x

Latest News

SRL
US$8.55
Scully Royalty
7D
20.4%
1Y
-0.2%

Scully Royalty Ltd.'s (NYSE:SRL) 46% Share Price Surge Not Quite Adding Up

Jan 02
Scully Royalty Ltd.'s (NYSE:SRL) 46% Share Price Surge Not Quite Adding Up
WS
US$34.62
Worthington Steel
7D
-3.9%
1Y
14.0%

Worthington Steel (NYSE:WS) Has Affirmed Its Dividend Of $0.16

Dec 28
Worthington Steel (NYSE:WS) Has Affirmed Its Dividend Of $0.16
NUE
US$163.11
Nucor
7D
-1.9%
1Y
41.3%

NUE: Future Steel Demand And Tariff Shifts Will Influence Share Performance

Nucor's analyst price target has been modestly raised to approximately $177 from about $174, as analysts factor in slightly stronger long term profit margins and resilient steel demand in the U.S. and Europe despite a challenging macro backdrop. Analyst Commentary Recent Street research on Nucor has been broadly constructive, with several bullish analysts lifting their price targets in response to updated models and a reassessment of the profit outlook.
METC
US$18.00
Ramaco Resources
7D
0.6%
1Y
73.7%
STLD
US$169.45
Steel Dynamics
7D
-3.4%
1Y
49.8%
RS
US$288.87
Reliance
7D
-2.6%
1Y
7.9%

Reliance, Inc.'s (NYSE:RS) Earnings Haven't Escaped The Attention Of Investors

Dec 23
Reliance, Inc.'s (NYSE:RS) Earnings Haven't Escaped The Attention Of Investors
AMR
US$199.88
Alpha Metallurgical Resources
7D
-2.6%
1Y
1.5%

AMR: Future Guidance And Buybacks Will Support Balanced Prospects

Analysts have raised their price target for Alpha Metallurgical Resources from 171 dollars to 204 dollars, citing expectations for significantly faster revenue growth, stronger profit margins, and a lower future price to earnings multiple to support a higher fair value. What's in the News Company issues 2026 operational guidance, targeting shipments of 14.4 million to 15.4 million metallurgical tons plus 0.7 million to 1.1 million tons of incidental thermal coal, for a total of 15.1 million to 16.5 million tons (company guidance) Management updates 2025 shipment outlook, lowering metallurgical volume guidance to 13.8 million to 14.8 million tons and forecasting 0.8 million to 1.2 million tons of thermal coal, for total expected sales volumes of 14.6 million to 16.0 million tons (company guidance) Share repurchase program advances, with 134,515 shares bought back between July 1 and October 31, 2025, bringing total repurchases under the March 7, 2022 authorization to 6,765,050 shares, or 42.46 percent of shares, at an aggregate cost of approximately 1.12 billion dollars (buyback update) Valuation Changes Fair Value Estimate raised significantly, from 171 dollars to 204 dollars per share, reflecting a higher intrinsic valuation for Alpha Metallurgical Resources.
CMC
US$69.22
Commercial Metals
7D
-2.8%
1Y
41.6%
HCC
US$88.17
Warrior Met Coal
7D
-1.1%
1Y
61.5%
CLF
US$13.28
Cleveland-Cliffs
7D
-4.0%
1Y
39.8%

CLF: Rare Earths Hype Will Likely Fade Against Weak Steel Fundamentals

Analysts have nudged our Cleveland Cliffs fair value estimate higher to approximately $8.62 from about $6.06 per share. This reflects a modestly higher long term valuation multiple even as they factor in softer near term revenue growth, still pressured margins, and a mixed macro backdrop for steel demand.
MSB
US$38.52
Mesabi Trust
7D
3.9%
1Y
36.8%
SIM
US$29.66
Grupo Simec. de
7D
1.1%
1Y
11.2%
AP
US$5.33
Ampco-Pittsburgh
7D
14.6%
1Y
126.8%

Ampco-Pittsburgh (NYSE:AP) Takes On Some Risk With Its Use Of Debt

Dec 09
Ampco-Pittsburgh (NYSE:AP) Takes On Some Risk With Its Use Of Debt
ACNT
US$16.19
Ascent Industries
7D
1.6%
1Y
41.2%

Ascent Industries Co. (NASDAQ:ACNT) Surges 27% Yet Its Low P/S Is No Reason For Excitement

Dec 04
Ascent Industries Co. (NASDAQ:ACNT) Surges 27% Yet Its Low P/S Is No Reason For Excitement