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U.S. Steel Industry Analysis

UpdatedMar 18, 2026
DataAggregated Company Financials
Companies33
  • 7D-4.2%
  • 3M-3.1%
  • 1Y21.8%
  • YTDn/a

Over the last 7 days, the Steel industry has dropped 4.2%, driven by Nucor declining 4.0%. In contrast, Warrior Met Coal has gained 7.3%. This takes the industry's 12 month performance to a gain of 22%. Looking forward, earnings are forecast to grow by 27% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 18 Mar 2026US$114.9bUS$127.1bUS$2.4b21x47.6x0.9x
Fri, 13 Feb 2026US$139.2bUS$128.9bUS$2.9b24.7x47.2x1.1x
Sun, 11 Jan 2026US$123.2bUS$127.6bUS$2.6b22.1x47.5x1x
Tue, 09 Dec 2025US$116.5bUS$127.4bUS$2.3b20.9x50.8x0.9x
Thu, 06 Nov 2025US$105.5bUS$127.3bUS$2.3b19.9x46.2x0.8x
Sat, 04 Oct 2025US$105.3bUS$125.9bUS$2.3b18.9x46.5x0.8x
Mon, 01 Sep 2025US$116.2bUS$128.7bUS$2.6b18.7x44.3x0.9x
Wed, 30 Jul 2025US$115.6bUS$129.5bUS$2.0b19.9x58.5x0.9x
Fri, 27 Jun 2025US$107.2bUS$132.5bUS$2.7b20x40.4x0.8x
Sun, 25 May 2025US$110.6bUS$147.8bUS$2.8b19.9x39.9x0.7x
Tue, 22 Apr 2025US$110.9bUS$155.6bUS$5.6b16.4x19.8x0.7x
Thu, 20 Mar 2025US$121.8bUS$155.7bUS$5.7b17.1x21.4x0.8x
Sat, 15 Feb 2025US$127.5bUS$158.4bUS$6.4b15.5x19.9x0.8x
Mon, 13 Jan 2025US$119.0bUS$162.9bUS$7.4b13.1x16.2x0.7x
Wed, 11 Dec 2024US$139.4bUS$163.2bUS$7.7b15.5x18.2x0.9x
Fri, 08 Nov 2024US$152.7bUS$164.0bUS$7.7b16.8x19.8x0.9x
Sun, 06 Oct 2024US$136.1bUS$168.9bUS$9.2b11.7x14.8x0.8x
Tue, 03 Sep 2024US$134.4bUS$169.0bUS$9.3b11.9x14.5x0.8x
Thu, 01 Aug 2024US$146.7bUS$170.1bUS$9.9b12.4x14.8x0.9x
Sat, 29 Jun 2024US$136.3bUS$173.1bUS$13.0b11.1x10.4x0.8x
Mon, 27 May 2024US$148.0bUS$173.5bUS$13.2b12.9x11.2x0.9x
Wed, 24 Apr 2024US$147.7bUS$173.9bUS$13.7b11.2x10.8x0.8x
Fri, 22 Mar 2024US$155.9bUS$174.9bUS$14.1b11.9x11.1x0.9x
Sun, 18 Feb 2024US$152.8bUS$173.6bUS$13.6b14x11.2x0.9x
Tue, 16 Jan 2024US$144.4bUS$175.6bUS$14.8b15.9x9.8x0.8x
Thu, 14 Dec 2023US$134.8bUS$175.7bUS$14.8b12x9.1x0.8x
Sat, 11 Nov 2023US$129.8bUS$176.9bUS$15.0b13.2x8.6x0.7x
Mon, 09 Oct 2023US$132.2bUS$180.9bUS$17.4b8.5x7.6x0.7x
Wed, 06 Sep 2023US$137.6bUS$181.3bUS$17.4b8.5x7.9x0.8x
Fri, 04 Aug 2023US$137.0bUS$182.1bUS$18.0b9.3x7.6x0.8x
Sun, 02 Jul 2023US$132.3bUS$185.9bUS$20.1b8.6x6.6x0.7x
Tue, 30 May 2023US$114.4bUS$186.6bUS$20.4b9x5.6x0.6x
Thu, 27 Apr 2023US$120.6bUS$187.9bUS$21.5b6.5x5.6x0.6x
Sat, 25 Mar 2023US$124.6bUS$191.7bUS$24.2b6.4x5.1x0.7x
Price to Earnings Ratio

5.1x


Total Market Cap: US$124.6bTotal Earnings: US$24.2bTotal Revenue: US$191.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Steel Industry Price to Earnings3Y Average 21.7x202420252026
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 47.3x which is higher than its 3-year average PE of 21.7x.
  • 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 Market-0.97%
Materials-2.68%
Metals and Mining-7.26%
Steel-4.19%
Aluminum4.55%
Diversified Metals and Mining-5.86%
Gold-8.13%
Copper-8.74%
Precious Metals and Minerals-10.29%
Silver-11.07%
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
HCC Warrior Met CoalUS$86.206.9%
+US$294.4m		74.0%PE79.5x
AMR Alpha Metallurgical ResourcesUS$190.875.6%
+US$128.8m		46.9%PS1.1x
ZKIN ZK International GroupUS$1.868.8%
+US$2.6m		46.5%PS0.5x
SXC SunCoke EnergyUS$5.890.3%
+US$1.7m		-36.0%PS0.3x
LUD Luda Technology GroupUS$3.811.6%
+US$1.4m		-17.9%PS2.3x

Latest News

STLD
US$172.63
Steel Dynamics
7D
-5.2%
1Y
35.8%
HCC
US$86.20
Warrior Met Coal
7D
6.9%
1Y
74.0%

HCC: Blue Creek Mine Ramp Up Will Likely Limit Further Share Upside

Analysts have raised their average price target for Warrior Met Coal to around $101. This reflects a series of recent upward revisions that indicate slightly stronger expected growth and profitability assumptions in their models.
AMR
US$190.87
Alpha Metallurgical Resources
7D
5.6%
1Y
46.9%
NUE
US$162.08
Nucor
7D
-4.9%
1Y
24.9%

NUE: Modernization Spending And Tariff Support Will Shape Future Earnings Power

Analysts have nudged their price target on Nucor higher to about $187 per share, reflecting updated views on its modernization spend, the mix shift toward higher value products, and expectations that the company’s multi year organic growth plans could support a stronger through cycle profitability profile, even as some firms flag a fuller valuation and a slightly lower assumed future P/E multiple. Analyst Commentary Recent research on Nucor gives you a mixed picture, with some analysts leaning into the growth story around modernization and higher value products, while others are becoming more cautious on valuation after a strong run.
WS
US$32.55
Worthington Steel
7D
-9.9%
1Y
24.7%
SXC
US$5.89
SunCoke Energy
7D
0.3%
1Y
-36.0%

SXC: Industrial Services Performance Will Sustain Earnings Power Despite Volume Headwinds

Analysts have trimmed their price target on SunCoke Energy to $9 from $10, pointing to Q4 adjusted EBITDA of $56.7m that came in below expectations. Strength in Industrial Services helped to offset softer logistics and Domestic Coke volumes.
LUD
US$3.81
Luda Technology Group
7D
1.6%
1Y
-17.9%
CLF
US$8.35
Cleveland-Cliffs
7D
-12.5%
1Y
-13.7%

CLF: Tariff Support And Auto Contract Wins Will Drive Future Upside

Analysts have adjusted their Cleveland-Cliffs price targets in a tight range, with small upward and downward moves of roughly $0.10 to $2. They are weighing mixed views on sector valuation, CEO stock sales, steel pricing expectations, and the company's cost profile and longer term opportunities.
RYZ
US$21.36
Ryerson Holding
7D
-8.8%
1Y
-9.3%
TX
US$38.07
Ternium
7D
-4.5%
1Y
15.2%

TX: Higher Future P/E Assumption Will Support Stronger Upside Potential

Analysts have lifted their price target on Ternium from $43.00 to $50.00. This change reflects updated assumptions around revenue growth, profit margins, the discount rate, and a higher future P/E multiple.
CMC
US$61.95
Commercial Metals
7D
-6.5%
1Y
33.7%

CMC: Share Repurchases And Higher P/E Assumptions Will Shape Fair Value Outlook

Analysts have raised their price target on Commercial Metals from $66.00 to approximately $69.02, citing updated assumptions related to discount rates, revenue growth, profit margins and future P/E levels. What's in the News From October 1, 2025 to November 30, 2025, Commercial Metals repurchased 663,220 shares for $38.9 million, representing 0.6% of its shares.
INHD
US$1.14
Inno Holdings
7D
2.7%
1Y
-98.9%
AP
US$6.63
Ampco-Pittsburgh
7D
-33.6%
1Y
197.3%

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%
ZKIN
US$1.86
ZK International Group
7D
8.8%
1Y
46.5%