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U.S. Steel Industry Analysis

UpdatedNov 14, 2025
DataAggregated Company Financials
Companies34
  • 7D0.4%
  • 3M5.8%
  • 1Y-0.7%
  • YTDn/a

Last week, the Steel industry hasn't moved much but Cleveland-Cliffs is up 4.2% in that time. Furthermore, the industry has been flat for the past year as well. As for the next few years, earnings are expected to grow by 35% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 15 Nov 2025US$109.9bUS$127.3bUS$2.3b19.8x47.9x0.9x
Mon, 13 Oct 2025US$103.6bUS$125.9bUS$2.3b18x45.8x0.8x
Wed, 10 Sep 2025US$113.9bUS$128.7bUS$2.6b18.9x43.4x0.9x
Fri, 08 Aug 2025US$109.7bUS$129.0bUS$2.7b18.4x40.8x0.9x
Sun, 06 Jul 2025US$115.2bUS$132.6bUS$2.8b20.8x40.6x0.9x
Tue, 03 Jun 2025US$110.8bUS$147.8bUS$2.8b20.6x40x0.7x
Thu, 01 May 2025US$119.6bUS$154.8bUS$4.5b20.7x26.6x0.8x
Sat, 29 Mar 2025US$122.2bUS$155.5bUS$5.6b17.3x21.9x0.8x
Mon, 24 Feb 2025US$126.4bUS$156.9bUS$6.1b15.3x20.8x0.8x
Wed, 22 Jan 2025US$124.2bUS$160.3bUS$7.2b12.8x17.3x0.8x
Fri, 20 Dec 2024US$119.7bUS$163.1bUS$7.8b13.7x15.4x0.7x
Sun, 17 Nov 2024US$139.4bUS$163.8bUS$7.7b16.6x18.1x0.9x
Tue, 15 Oct 2024US$137.3bUS$168.9bUS$9.2b12x14.9x0.8x
Thu, 12 Sep 2024US$122.7bUS$169.0bUS$9.3b11x13.3x0.7x
Sat, 10 Aug 2024US$133.5bUS$169.1bUS$9.4b12.2x14.2x0.8x
Mon, 08 Jul 2024US$137.6bUS$173.0bUS$12.8b10.8x10.7x0.8x
Wed, 05 Jun 2024US$147.8bUS$173.4bUS$13.1b12.4x11.2x0.9x
Fri, 03 May 2024US$144.6bUS$173.9bUS$13.3b11.8x10.8x0.8x
Sun, 31 Mar 2024US$160.6bUS$174.9bUS$14.1b11.7x11.4x0.9x
Tue, 27 Feb 2024US$157.3bUS$174.9bUS$14.0b12.2x11.2x0.9x
Thu, 25 Jan 2024US$145.9bUS$174.9bUS$14.6b15x10x0.8x
Sat, 23 Dec 2023US$150.3bUS$175.8bUS$14.9b13.5x10.1x0.9x
Mon, 20 Nov 2023US$134.9bUS$177.0bUS$15.0b13.5x9x0.8x
Wed, 18 Oct 2023US$129.4bUS$180.7bUS$17.3b8.9x7.5x0.7x
Fri, 15 Sep 2023US$132.1bUS$181.4bUS$17.4b8.9x7.6x0.7x
Sun, 13 Aug 2023US$133.0bUS$181.4bUS$17.4b8.6x7.6x0.7x
Tue, 11 Jul 2023US$132.4bUS$185.9bUS$20.1b8.7x6.6x0.7x
Thu, 08 Jun 2023US$120.6bUS$186.6bUS$20.4b8.9x5.9x0.6x
Sat, 06 May 2023US$118.3bUS$186.8bUS$20.5b8.2x5.8x0.6x
Mon, 03 Apr 2023US$129.6bUS$191.8bUS$24.3b7.1x5.3x0.7x
Wed, 01 Mar 2023US$139.4bUS$192.0bUS$24.5b6.4x5.7x0.7x
Fri, 27 Jan 2023US$137.1bUS$195.2bUS$27.9b5.5x4.9x0.7x
Sun, 25 Dec 2022US$115.0bUS$196.9bUS$29.3b4.2x3.9x0.6x
Tue, 22 Nov 2022US$117.9bUS$196.9bUS$29.4b4.5x4x0.6x
Price to Earnings Ratio

4x


Total Market Cap: US$117.9bTotal Earnings: US$29.4bTotal Revenue: US$196.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Steel Industry Price to Earnings3Y Average 16.6x202320242025
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 46.6x which is higher than its 3-year average PE of 16.6x.
  • The industry is trading close to its 3-year average PS ratio of 0.77x.
Past Earnings Growth
  • The earnings for companies in the Steel industry have declined 57% per year over the last three years,
  • Revenues have also declined 14% 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-0.23%
Materials3.19%
Metals and Mining4.38%
Steel0.43%
Silver9.61%
Gold9.39%
Aluminum3.28%
Diversified Metals and Mining3.27%
Copper-0.37%
Precious Metals and Minerals-3.81%
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
CLF Cleveland-CliffsUS$10.732.9%
+US$953.2m		-2.8%PS0.3x
NUE NucorUS$147.782.4%
+US$696.5m		0.5%PE20.5x
STLD Steel DynamicsUS$155.502.3%
+US$519.9m		11.5%PE20.2x
SIM Grupo Simec. deUS$30.091.7%
+US$79.0m		11.4%PE31.8x
CMC Commercial MetalsUS$58.980.4%
+US$23.3m		-0.6%PE77.3x

Latest News

AP
US$2.46
Ampco-Pittsburgh
7D
33.0%
1Y
48.2%
RS
US$270.21
Reliance
7D
-1.8%
1Y
-13.0%
NUE
US$147.78
Nucor
7D
2.4%
1Y
0.5%

NUE: Shares Will Benefit From Continued Share Repurchases And Tariff Trends

Nucor's analyst price target increased modestly from $166.08 to $167.42 per share, as analysts adjusted their estimates following recent company commentary and updated forecasts. Analyst Commentary Analysts have recently updated their perspectives on Nucor following the company's financial disclosures and updated forecasts.
MTUS
US$15.95
Metallus
7D
-6.2%
1Y
10.1%

MTUS: Ongoing Labor Negotiations Will Drive Momentum After Contract Extension

Narrative Update on Metallus Analysts have lowered their price target for Metallus from $21.00 to $20.50, citing more conservative growth and profit margin forecasts for the company. What's in the News Members of United Steelworkers (USW) Local 1123 voted not to ratify the tentative labor agreement with Metallus.
FRD
US$22.73
Friedman Industries
7D
8.1%
1Y
57.1%
CLF
US$10.73
Cleveland-Cliffs
7D
2.9%
1Y
-2.8%
STLD
US$155.50
Steel Dynamics
7D
2.3%
1Y
11.5%
HCC
US$78.78
Warrior Met Coal
7D
-3.0%
1Y
20.2%

Weak Statutory Earnings May Not Tell The Whole Story For Warrior Met Coal (NYSE:HCC)

Nov 12
Weak Statutory Earnings May Not Tell The Whole Story For Warrior Met Coal (NYSE:HCC)
TX
US$36.37
Ternium
7D
0.2%
1Y
6.4%

TX: Revenue Strength And Margin Pressure Will Shape Fair Valuation Outlook

Analysts have modestly raised their price target for Ternium from $35.65 to $35.96. They cite improved revenue growth forecasts, even though a slightly lower profit margin is anticipated.
AMR
US$158.55
Alpha Metallurgical Resources
7D
-6.4%
1Y
-32.6%
CMC
US$58.98
Commercial Metals
7D
0.4%
1Y
-0.6%
RYI
US$20.18
Ryerson Holding
7D
-1.5%
1Y
-18.2%

Ryerson Holding (NYSE:RYI) Is Due To Pay A Dividend Of $0.1875

Nov 03
Ryerson Holding (NYSE:RYI) Is Due To Pay A Dividend Of $0.1875
METC
US$21.93
Ramaco Resources
7D
-7.8%
1Y
76.7%

METC: Brook Mine Ramp-Up Will Strengthen US Rare Earth Supply Chain

Ramaco Resources' fair value estimate was revised downward from $47 to $43, as analysts factored in more moderate expectations for revenue growth and profit margins. This comes despite recent coverage highlighting significant rare earth potential at the Brook Mine and ongoing expansion plans.
SIM
US$30.09
Grupo Simec. de
7D
1.7%
1Y
11.4%
HLP
US$1.60
Hongli Group
7D
-3.6%
1Y
41.5%

There's Reason For Concern Over Hongli Group Inc.'s (NASDAQ:HLP) Massive 42% Price Jump

Oct 18
There's Reason For Concern Over Hongli Group Inc.'s (NASDAQ:HLP) Massive 42% Price Jump
LUD
US$6.56
Luda Technology Group
7D
-6.2%
1Y
n/a