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U.S. Steel Industry Analysis

UpdatedApr 05, 2026
DataAggregated Company Financials
Companies33
  • 7D3.7%
  • 3M-1.3%
  • 1Y49.7%
  • YTDn/a

Over the last 7 days, the Steel industry has risen 3.7%, driven by gains from Nucor of 5.6%. In the last 12 months, the industry was up 50%. Earnings are forecast to grow by 24% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 05 Apr 2026US$119.6bUS$127.5bUS$2.4b21.7x49.2x0.9x
Tue, 03 Mar 2026US$126.1bUS$127.3bUS$2.6b22.6x49.1x1x
Thu, 29 Jan 2026US$129.0bUS$128.8bUS$2.7b22.1x47x1x
Sat, 27 Dec 2025US$122.5bUS$127.6bUS$2.2b22.9x55.2x1x
Mon, 24 Nov 2025US$110.3bUS$127.3bUS$2.3b20.1x48.1x0.9x
Wed, 22 Oct 2025US$107.7bUS$126.7bUS$2.4b18.2x45x0.9x
Fri, 19 Sep 2025US$117.1bUS$128.8bUS$2.6b19.5x44.6x0.9x
Sun, 17 Aug 2025US$113.4bUS$128.7bUS$2.6b18.1x43.3x0.9x
Tue, 15 Jul 2025US$116.7bUS$129.8bUS$2.9b20.7x39.7x0.9x
Thu, 12 Jun 2025US$119.9bUS$147.8bUS$2.8b20.7x43.2x0.8x
Sat, 10 May 2025US$110.7bUS$147.8bUS$2.8b20.4x39.9x0.7x
Mon, 07 Apr 2025US$103.8bUS$155.5bUS$5.6b16x18.6x0.7x
Wed, 05 Mar 2025US$123.7bUS$155.7bUS$5.7b15.5x21.8x0.8x
Fri, 31 Jan 2025US$125.9bUS$159.0bUS$6.6b14x19.2x0.8x
Sun, 29 Dec 2024US$118.6bUS$163.1bUS$7.8b13.6x15.3x0.7x
Tue, 26 Nov 2024US$144.3bUS$163.2bUS$7.7b17.2x18.8x0.9x
Thu, 24 Oct 2024US$134.9bUS$167.0bUS$8.0b11.7x16.9x0.8x
Sat, 21 Sep 2024US$133.8bUS$169.0bUS$9.3b11.4x14.5x0.8x
Mon, 19 Aug 2024US$132.8bUS$169.0bUS$9.3b11.9x14.3x0.8x
Wed, 17 Jul 2024US$145.3bUS$173.0bUS$12.8b11.9x11.3x0.8x
Fri, 14 Jun 2024US$136.0bUS$173.3bUS$13.1b11.7x10.4x0.8x
Sun, 12 May 2024US$147.9bUS$173.5bUS$13.1b12.2x11.3x0.9x
Tue, 09 Apr 2024US$160.7bUS$174.7bUS$14.0b11.7x11.5x0.9x
Thu, 07 Mar 2024US$152.2bUS$174.9bUS$14.1b12.5x10.8x0.9x
Sat, 03 Feb 2024US$149.5bUS$173.9bUS$14.1b12.2x10.6x0.9x
Mon, 01 Jan 2024US$147.9bUS$175.8bUS$14.9b12.9x10x0.8x
Wed, 29 Nov 2023US$137.7bUS$177.0bUS$15.0b13.4x9.2x0.8x
Fri, 27 Oct 2023US$126.2bUS$177.6bUS$16.4b8.7x7.7x0.7x
Sun, 24 Sep 2023US$130.7bUS$181.4bUS$17.4b8.5x7.5x0.7x
Tue, 22 Aug 2023US$135.9bUS$181.3bUS$17.4b8.7x7.8x0.7x
Thu, 20 Jul 2023US$134.8bUS$186.0bUS$20.1b9.4x6.7x0.7x
Sat, 17 Jun 2023US$124.1bUS$186.7bUS$20.4b8.9x6.1x0.7x
Mon, 15 May 2023US$115.6bUS$186.6bUS$20.4b8.4x5.7x0.6x
Wed, 12 Apr 2023US$126.6bUS$191.8bUS$24.2b7.1x5.2x0.7x
Price to Earnings Ratio

5.2x


Total Market Cap: US$126.6bTotal Earnings: US$24.2bTotal Revenue: US$191.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Steel Industry Price to Earnings3Y Average 22.4x202420252026
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 49.2x which is higher than its 3-year average PE of 22.4x.
  • The industry is trading close to its 3-year average PS ratio of 0.81x.
Past Earnings Growth
  • The earnings for companies in the Steel industry have declined 54% 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 Market3.46%
Materials4.64%
Metals and Mining9.27%
Steel3.69%
Aluminum21.93%
Gold10.75%
Copper9.50%
Silver6.93%
Precious Metals and Minerals6.70%
Diversified Metals and Mining3.58%
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
NUE NucorUS$172.465.6%
+US$2.1b		67.1%PE22.6x
STLD Steel DynamicsUS$180.205.4%
+US$1.3b		65.0%PE22x
CMC Commercial MetalsUS$61.796.0%
+US$384.5m		50.9%PE13.6x
RS RelianceUS$305.381.9%
+US$299.5m		15.3%PE21.4x
TX TerniumUS$39.822.7%
+US$208.1m		41.2%PE18.4x

Latest News

FRD
US$17.25
Friedman Industries
7D
-3.3%
1Y
24.7%
CLF
US$8.40
Cleveland-Cliffs
7D
3.6%
1Y
20.7%
TX
US$39.82
Ternium
7D
2.7%
1Y
41.2%

TX: Stronger Margin Outlook And Lower P/E Assumptions Will Support Upside Potential

Analysts have kept their Ternium price target steady at $50.00, with the unchanged fair value reflecting updated views on discount rate, revenue growth, profit margin and future P/E that broadly offset each other in their models. Valuation Changes Fair Value: Model fair value remains steady at $50.00, indicating no change in the headline valuation output.
SXC
US$6.56
SunCoke Energy
7D
-1.2%
1Y
-20.8%
AMR
US$209.31
Alpha Metallurgical Resources
7D
-6.2%
1Y
92.9%

AMR: Heavy Buybacks And Expected Quarterly Loss Will Shape Future Returns

Analysts have kept Alpha Metallurgical Resources' average price target steady at $207.00, citing updated assumptions for revenue growth, profit margins, the discount rate, and future P/E. They view these assumptions as broadly consistent with prior expectations.
CMC
US$61.79
Commercial Metals
7D
6.0%
1Y
50.9%

CMC: Ongoing Buybacks And Rising Dividend Will Support Upside Potential

Analysts have adjusted their price target for Commercial Metals to approximately $69. This reflects updated assumptions for revenue growth, profit margins, and a higher future P/E multiple.
HCC
US$94.89
Warrior Met Coal
7D
-4.3%
1Y
133.4%

HCC: Blue Creek Ramp And Execution Will Shape Balanced Medium Term Outlook

Narrative Update: Warrior Met Coal Analysts have lifted their consolidated price target on Warrior Met Coal by about $4 to roughly $106. This change reflects updated assumptions around valuation multiples, discount rate, and profitability, based on a series of recent target hikes across major firms.
NUE
US$172.46
Nucor
7D
5.6%
1Y
67.1%
STLD
US$180.20
Steel Dynamics
7D
5.4%
1Y
65.0%
WS
US$30.25
Worthington Steel
7D
7.7%
1Y
31.9%
RYZ
US$22.18
Ryerson Holding
7D
4.3%
1Y
4.8%
METC
US$15.50
Ramaco Resources
7D
-0.4%
1Y
126.6%

METC: Brook Mine Rare Earths Execution Will Drive Future Upside Potential

Analysts have trimmed their average price target on Ramaco Resources, with recent cuts to $14 and $30. These changes reflect a slightly higher discount rate, mixed recent results, and a greater focus on execution risks around the revised rare earths and Brook Mine plans.
RS
US$305.38
Reliance
7D
1.9%
1Y
15.3%
HLP
US$0.84
Hongli Group
7D
-14.3%
1Y
-29.4%

Subdued Growth No Barrier To Hongli Group Inc. (NASDAQ:HLP) With Shares Advancing 34%

Feb 06
Subdued Growth No Barrier To Hongli Group Inc. (NASDAQ:HLP) With Shares Advancing 34%