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U.S. Steel Industry Analysis

UpdatedJan 31, 2026
DataAggregated Company Financials
Companies34
  • 7D-2.7%
  • 3M16.2%
  • 1Y34.5%
  • YTDn/a

Over the last 7 days, the Steel industry has dropped 2.7%, driven by declines in Nucor and Cleveland-Cliffs of 2.2% and 8.8%, respectively. On the other hand Grupo Simec. de is actually up 7.6%. This takes the industry's 12 month performance to a gain of 34%. Earnings are forecast to grow by 33% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 01 Feb 2026US$132.0bUS$128.8bUS$2.7b22.7x48.1x1x
Tue, 30 Dec 2025US$122.0bUS$127.6bUS$2.2b22.7x55x1x
Thu, 27 Nov 2025US$113.7bUS$127.4bUS$2.3b20.9x49.5x0.9x
Sat, 25 Oct 2025US$106.2bUS$126.9bUS$2.4b18.8x44.6x0.8x
Mon, 22 Sep 2025US$115.0bUS$128.8bUS$2.6b19.5x43.8x0.9x
Wed, 20 Aug 2025US$113.2bUS$128.7bUS$2.6b18.3x43.2x0.9x
Fri, 18 Jul 2025US$113.3bUS$129.8bUS$2.9b20.5x38.5x0.9x
Sun, 15 Jun 2025US$118.1bUS$147.8bUS$2.8b20.3x42.5x0.8x
Tue, 13 May 2025US$110.8bUS$147.8bUS$2.8b21.3x40x0.7x
Thu, 10 Apr 2025US$104.2bUS$155.5bUS$5.6b17x18.7x0.7x
Sat, 08 Mar 2025US$121.1bUS$155.8bUS$5.7b15.8x21.2x0.8x
Mon, 03 Feb 2025US$123.6bUS$158.3bUS$6.5b14.5x18.9x0.8x
Wed, 01 Jan 2025US$117.5bUS$163.0bUS$7.7b13.1x15.2x0.7x
Fri, 29 Nov 2024US$145.6bUS$163.2bUS$7.7b17.1x19x0.9x
Sun, 27 Oct 2024US$133.4bUS$166.9bUS$7.9b12x16.8x0.8x
Tue, 24 Sep 2024US$132.3bUS$169.0bUS$9.3b11.4x14.3x0.8x
Thu, 22 Aug 2024US$130.4bUS$169.0bUS$9.3b11.8x14.1x0.8x
Sat, 20 Jul 2024US$144.8bUS$172.5bUS$12.5b11.8x11.6x0.8x
Mon, 17 Jun 2024US$134.7bUS$173.3bUS$13.1b11.4x10.3x0.8x
Wed, 15 May 2024US$147.7bUS$173.5bUS$13.1b12.5x11.2x0.9x
Fri, 12 Apr 2024US$159.8bUS$174.6bUS$14.0b11.4x11.4x0.9x
Sun, 10 Mar 2024US$154.5bUS$175.0bUS$14.2b12.8x10.9x0.9x
Tue, 06 Feb 2024US$148.0bUS$173.9bUS$14.1b12.2x10.5x0.9x
Thu, 04 Jan 2024US$147.3bUS$175.7bUS$14.9b14.8x9.9x0.8x
Sat, 02 Dec 2023US$142.3bUS$180.4bUS$15.1b13.6x9.4x0.8x
Mon, 30 Oct 2023US$127.0bUS$176.1bUS$16.1b8.7x7.9x0.7x
Wed, 27 Sep 2023US$130.7bUS$181.3bUS$17.4b8.3x7.5x0.7x
Fri, 25 Aug 2023US$133.3bUS$181.3bUS$17.4b8.5x7.7x0.7x
Sun, 23 Jul 2023US$132.6bUS$184.4bUS$19.5b9.3x6.8x0.7x
Tue, 20 Jun 2023US$124.1bUS$186.7bUS$20.4b8.9x6.1x0.7x
Thu, 18 May 2023US$116.8bUS$186.6bUS$20.4b9.1x5.7x0.6x
Sat, 15 Apr 2023US$124.9bUS$191.8bUS$24.2b6.7x5.2x0.7x
Mon, 13 Mar 2023US$132.5bUS$191.9bUS$24.4b6.2x5.4x0.7x
Wed, 08 Feb 2023US$137.1bUS$194.2bUS$27.1b5.6x5.1x0.7x
Price to Earnings Ratio

5.1x


Total Market Cap: US$137.1bTotal Earnings: US$27.1bTotal Revenue: US$194.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Steel Industry Price to Earnings3Y Average 20x202420252026
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 48.1x which is higher than its 3-year average PE of 19.9x.
  • 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-0.28%
Materials-3.57%
Metals and Mining-7.01%
Steel-2.74%
Copper1.97%
Aluminum-7.13%
Precious Metals and Minerals-10.37%
Gold-11.33%
Diversified Metals and Mining-17.92%
Silver-29.14%
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$31.507.6%
+US$342.3m		24.1%PE31.7x
HLP Hongli GroupUS$0.9316.9%
+US$9.9m		-27.5%PE67.9x
FRD Friedman IndustriesUS$19.631.1%
+US$1.6m		29.4%PE12.3x
SRL Scully RoyaltyUS$9.051.1%
+US$1.5m		22.3%PS5.2x

Latest News

METC
US$19.51
Ramaco Resources
7D
-29.6%
1Y
106.0%
AMR
US$209.80
Alpha Metallurgical Resources
7D
-9.2%
1Y
14.5%
CMC
US$76.87
Commercial Metals
7D
-0.8%
1Y
58.5%
NUE
US$177.72
Nucor
7D
-2.2%
1Y
38.4%

NUE: Tariff Policies And Capacity Additions Will Shape Future Pricing Power

Nucor’s implied analyst price target has edged up by about $3 to roughly $182, as analysts factor in refreshed steel price forecasts, tariff support for elevated pricing, and slightly adjusted expectations for long term revenue growth, margins, and future P/E multiples. Analyst Commentary Recent Street research on Nucor reflects a mix of optimism on pricing and market position, balanced by more cautious views on demand and rating resets.
STLD
US$179.57
Steel Dynamics
7D
-1.0%
1Y
40.1%
CLF
US$13.76
Cleveland-Cliffs
7D
-8.8%
1Y
34.4%

CLF: Tariff Support And Cost Pressures Will Shape Steel Outlook

Analysts have raised their blended price target on Cleveland-Cliffs to about $13.44, up from $12.45. This shift reflects updated views on revenue growth, profit margins, and future P/E assumptions, alongside mixed Street research that notes both tariff support for steel pricing and ongoing concerns about costs and valuation.
TX
US$41.84
Ternium
7D
-4.5%
1Y
39.5%

TX: Higher Future P/E Will Likely Constrain Returns Despite Slight Margin Tweaks

Analysts have raised their price target on Ternium from US$30.00 to US$33.00, citing updated assumptions in their models for fair value, discount rate, revenue growth, profit margin, and a higher future P/E multiple. Valuation Changes Fair Value: Adjusted from US$30.00 to US$33.00, representing a modest upward revision in the estimated share value.
HCC
US$89.30
Warrior Met Coal
7D
-9.2%
1Y
69.2%
SRL
US$9.05
Scully Royalty
7D
1.1%
1Y
22.3%
FRD
US$19.63
Friedman Industries
7D
1.1%
1Y
29.4%
HLP
US$0.93
Hongli Group
7D
16.9%
1Y
-27.5%
SIM
US$31.50
Grupo Simec. de
7D
7.6%
1Y
24.1%