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

U.S. Steel Industry Analysis

UpdatedFeb 07, 2026
DataAggregated Company Financials
Companies35
  • 7D7.6%
  • 3M29.1%
  • 1Y44.8%
  • YTDn/a

In the last week, the Steel industry is up 7.6%, with Nucor leading the way, up 8.5%. During this same period, the Grupo Simec. de underperformed, falling 5.3%. This takes the industry's 12 month performance to a gain of 45%. As for the next few years, earnings are expected to grow by 31% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 07 Feb 2026US$135.1bUS$128.8bUS$2.7b25.1x49.2x1x
Mon, 05 Jan 2026US$123.8bUS$127.6bUS$2.2b23.2x55.4x1x
Wed, 03 Dec 2025US$116.2bUS$127.4bUS$2.3b20.9x50.6x0.9x
Fri, 31 Oct 2025US$112.4bUS$127.4bUS$2.6b20.3x43.9x0.9x
Sun, 28 Sep 2025US$116.5bUS$128.8bUS$2.6b19.4x44.2x0.9x
Tue, 26 Aug 2025US$116.2bUS$128.7bUS$2.6b18.6x44.3x0.9x
Thu, 24 Jul 2025US$118.6bUS$129.6bUS$2.3b21.1x51x0.9x
Sat, 21 Jun 2025US$107.3bUS$132.6bUS$2.7b19.6x40.1x0.8x
Mon, 19 May 2025US$113.3bUS$147.7bUS$2.8b20.2x40.9x0.8x
Wed, 16 Apr 2025US$110.6bUS$155.6bUS$5.6b16.7x19.8x0.7x
Fri, 14 Mar 2025US$118.9bUS$155.7bUS$5.7b16.9x20.9x0.8x
Sun, 09 Feb 2025US$124.1bUS$158.4bUS$6.5b14.7x19x0.8x
Tue, 07 Jan 2025US$118.1bUS$163.0bUS$7.4b13.8x16x0.7x
Thu, 05 Dec 2024US$144.8bUS$163.2bUS$7.7b16.1x18.9x0.9x
Sat, 02 Nov 2024US$133.2bUS$166.0bUS$7.7b14.1x17.4x0.8x
Mon, 30 Sep 2024US$136.4bUS$168.9bUS$9.2b12x14.8x0.8x
Wed, 28 Aug 2024US$134.6bUS$169.0bUS$9.3b11.8x14.5x0.8x
Fri, 26 Jul 2024US$139.9bUS$170.0bUS$11.4b11.8x12.3x0.8x
Sun, 23 Jun 2024US$137.1bUS$173.0bUS$13.1b11x10.5x0.8x
Tue, 21 May 2024US$148.0bUS$173.6bUS$13.1b12.9x11.3x0.9x
Thu, 18 Apr 2024US$155.8bUS$174.6bUS$14.0b11.9x11.1x0.9x
Sat, 16 Mar 2024US$148.4bUS$175.0bUS$14.2b12.1x10.5x0.8x
Mon, 12 Feb 2024US$151.1bUS$174.0bUS$14.1b12.8x10.8x0.9x
Wed, 10 Jan 2024US$143.8bUS$175.6bUS$14.8b16.1x9.7x0.8x
Fri, 08 Dec 2023US$135.0bUS$175.7bUS$14.8b12.5x9.1x0.8x
Sun, 05 Nov 2023US$132.4bUS$176.9bUS$15.0b11x8.8x0.7x
Tue, 03 Oct 2023US$133.7bUS$181.1bUS$17.4b8.5x7.7x0.7x
Thu, 31 Aug 2023US$137.9bUS$181.3bUS$17.4b8.8x7.9x0.8x
Sat, 29 Jul 2023US$135.3bUS$180.0bUS$17.5b9.6x7.7x0.8x
Mon, 26 Jun 2023US$125.0bUS$186.3bUS$20.1b8.9x6.2x0.7x
Wed, 24 May 2023US$115.6bUS$186.5bUS$20.4b9.1x5.7x0.6x
Fri, 21 Apr 2023US$128.5bUS$191.1bUS$23.8b6.5x5.4x0.7x
Sun, 19 Mar 2023US$120.3bUS$191.9bUS$24.4b5.6x4.9x0.6x
Tue, 14 Feb 2023US$136.4bUS$194.4bUS$27.1b5.5x5x0.7x
Price to Earnings Ratio

5x


Total Market Cap: US$136.4bTotal Earnings: US$27.1bTotal Revenue: US$194.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Steel Industry Price to Earnings3Y Average 20.2x202420252026
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 20.2x.
  • 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 53% 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-0.12%
Materials4.07%
Metals and Mining4.35%
Steel7.58%
Aluminum7.55%
Gold4.13%
Copper3.52%
Silver1.14%
Diversified Metals and Mining0.058%
Precious Metals and Minerals-9.15%
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$192.848.5%
+US$3.5b		48.0%PE25.3x
STLD Steel DynamicsUS$202.3912.7%
+US$3.3b		59.7%PE24.9x
RS RelianceUS$353.277.2%
+US$1.2b		24.8%PE25.4x
CMC Commercial MetalsUS$82.998.0%
+US$678.8m		67.2%PE21x
CLF Cleveland-CliffsUS$14.737.0%
+US$625.4m		46.7%PS0.5x

Latest News

METC
US$18.23
Ramaco Resources
7D
-6.6%
1Y
89.7%

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$47.70
Worthington Steel
7D
18.6%
1Y
70.4%

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.
CLF
US$14.73
Cleveland-Cliffs
7D
7.0%
1Y
46.7%

CLF: Elevated Tariffs And Import Share Gains Will Reshape Future Earnings Power

Analysts have raised their fair value estimate for Cleveland-Cliffs to $17.00 from $14.00, citing updated assumptions on steel pricing, tariffs, and company-specific opportunities outlined in recent research, while noting that views remain divided on costs, valuation, and sector risks. Analyst Commentary Recent research shows a split view on Cleveland-Cliffs, with some firms turning more cautious on valuation and costs, while others highlight potential upside tied to pricing, tariffs, and company specific initiatives.
STLD
US$202.39
Steel Dynamics
7D
12.7%
1Y
59.7%

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.
CMC
US$82.99
Commercial Metals
7D
8.0%
1Y
67.2%
TX
US$43.46
Ternium
7D
3.9%
1Y
45.2%

TX: Higher Discount Rate And Modest Margins Will Likely Restrain Future Returns

Analysts have nudged their price targets for Ternium slightly higher to around $33 per share, reflecting updated assumptions for discount rate, revenue growth, profit margin and future P/E, while keeping overall fair value broadly in line with prior views. Valuation Changes Fair Value: Unchanged at around $33.00 per share, keeping the central valuation view steady.
RS
US$353.27
Reliance
7D
7.2%
1Y
24.8%
INHD
US$1.21
Inno Holdings
7D
-0.8%
1Y
-98.9%
AMR
US$206.32
Alpha Metallurgical Resources
7D
-1.7%
1Y
15.2%

AMR: Buybacks And Shipment Outlook Will Shape Balanced Risk Reward Profile

Analysts have raised their price target on Alpha Metallurgical Resources from about $184.50 to roughly $204.50, reflecting modest adjustments to assumptions for the discount rate, revenue growth, profit margins, and future P/E that result in a higher assessed fair value. What's in the News From October 1, 2025 to December 31, 2025, Alpha Metallurgical Resources repurchased 113,000 shares, about 0.87% of its shares, for US$20 million under its existing buyback program.
NUE
US$192.84
Nucor
7D
8.5%
1Y
48.0%
HCC
US$89.05
Warrior Met Coal
7D
-0.3%
1Y
69.9%

HCC: Raised Expectations For New Mine Will Likely Limit Future Upside

Analysts have raised their price target on Warrior Met Coal from US$72 to US$80, citing updated assumptions for fair value, modest adjustments to the discount rate and future P/E, as well as changes in expected revenue growth and profit margins reflected in recent research. Analyst Commentary Recent research commentary on Warrior Met Coal has focused on how updated assumptions feed into fair value estimates, including the higher US$80 price target and changes to projected P/E multiples.
HUDI
US$1.15
Huadi International Group
7D
-8.4%
1Y
-26.6%
MTUS
US$21.30
Metallus
7D
6.8%
1Y
41.7%
LUD
US$6.35
Luda Technology Group
7D
-20.1%
1Y
n/a
SIM
US$29.83
Grupo Simec. de
7D
-5.3%
1Y
13.4%