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U.S. Steel Industry Analysis

UpdatedApr 25, 2026
DataAggregated Company Financials
Companies33
  • 7D7.7%
  • 3M6.6%
  • 1Y58.1%
  • YTDn/a

Nucor is up 9.4%, leading the way for the Steel industry, which has gained 7.7%. This takes the industry's 12 month performance to a gain of 58%. Earnings are forecast to grow by 23% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 25 Apr 2026US$138.8bUS$129.3bUS$2.9b23.1x47.4x1.1x
Mon, 23 Mar 2026US$111.5bUS$127.1bUS$2.4b20.2x47.4x0.9x
Wed, 18 Feb 2026US$130.6bUS$127.1bUS$2.8b23.9x45.8x1x
Fri, 16 Jan 2026US$127.6bUS$127.6bUS$2.6b22.9x49.1x1x
Sun, 14 Dec 2025US$119.9bUS$127.4bUS$2.2b22.6x54.6x0.9x
Tue, 11 Nov 2025US$106.7bUS$127.3bUS$2.3b19.6x46.6x0.8x
Thu, 09 Oct 2025US$104.7bUS$125.9bUS$2.3b18.8x46.2x0.8x
Sat, 06 Sep 2025US$114.9bUS$128.7bUS$2.6b18.9x43.8x0.9x
Mon, 04 Aug 2025US$109.6bUS$129.1bUS$2.7b18.4x40x0.8x
Wed, 02 Jul 2025US$110.4bUS$132.5bUS$2.7b20.3x41.6x0.8x
Fri, 30 May 2025US$111.7bUS$147.8bUS$2.8b19.9x40.3x0.8x
Sun, 27 Apr 2025US$117.7bUS$155.3bUS$5.2b19.5x22.5x0.8x
Tue, 25 Mar 2025US$118.1bUS$155.5bUS$5.6b17.4x21.1x0.8x
Thu, 20 Feb 2025US$129.0bUS$158.4bUS$6.4b15.4x20.1x0.8x
Sat, 18 Jan 2025US$123.3bUS$160.3bUS$7.2b13.1x17.2x0.8x
Mon, 16 Dec 2024US$127.2bUS$163.2bUS$7.7b15.2x16.4x0.8x
Wed, 13 Nov 2024US$148.0bUS$163.8bUS$7.7b16.9x19.2x0.9x
Fri, 11 Oct 2024US$136.2bUS$168.9bUS$9.2b11.9x14.8x0.8x
Sun, 08 Sep 2024US$122.9bUS$168.9bUS$9.2b11x13.3x0.7x
Tue, 06 Aug 2024US$135.9bUS$169.1bUS$9.6b10.9x14.2x0.8x
Thu, 04 Jul 2024US$140.0bUS$173.0bUS$12.8b11x10.9x0.8x
Sat, 01 Jun 2024US$147.0bUS$173.5bUS$13.2b13.1x11.2x0.8x
Mon, 29 Apr 2024US$147.3bUS$174.0bUS$13.4b11.3x11x0.8x
Wed, 27 Mar 2024US$157.4bUS$174.9bUS$14.1b11.4x11.2x0.9x
Fri, 23 Feb 2024US$151.8bUS$174.8bUS$14.1b12.4x10.8x0.9x
Sun, 21 Jan 2024US$143.5bUS$175.6bUS$14.8b15.7x9.7x0.8x
Tue, 19 Dec 2023US$143.0bUS$175.8bUS$14.8b12.3x9.6x0.8x
Thu, 16 Nov 2023US$133.8bUS$177.0bUS$15.0b14.1x8.9x0.8x
Sat, 14 Oct 2023US$127.4bUS$180.7bUS$17.3b8.2x7.4x0.7x
Mon, 11 Sep 2023US$134.3bUS$181.3bUS$17.4b8.2x7.7x0.7x
Wed, 09 Aug 2023US$135.4bUS$181.4bUS$17.6b8.7x7.7x0.7x
Fri, 07 Jul 2023US$129.0bUS$185.9bUS$20.1b8.4x6.4x0.7x
Sun, 04 Jun 2023US$118.2bUS$186.6bUS$20.4b8.8x5.8x0.6x
Tue, 02 May 2023US$122.2bUS$186.8bUS$20.6b7.5x5.9x0.7x
Price to Earnings Ratio

5.9x


Total Market Cap: US$122.2bTotal Earnings: US$20.6bTotal Revenue: US$186.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Steel Industry Price to Earnings3Y Average 23.3x202420252026
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 47.4x which is higher than its 3-year average PE of 23.3x.
  • The 3-year average PS ratio of 0.82x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the Steel industry have declined 48% per year over the last three years,
  • Revenues have also declined 12% 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 Market0.35%
Materials-1.57%
Metals and Mining-3.85%
Steel7.67%
Precious Metals and Minerals11.23%
Aluminum2.19%
Diversified Metals and Mining-2.66%
Silver-3.82%
Gold-4.60%
Copper-9.42%
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$214.299.4%
+US$4.2b		85.2%PE28.1x
STLD Steel DynamicsUS$226.7913.2%
+US$3.8b		78.1%PE23.9x
RS RelianceUS$351.688.0%
+US$1.3b		23.7%PE22.3x
CMC Commercial MetalsUS$69.184.5%
+US$333.8m		56.7%PE15.2x
TX TerniumUS$43.322.4%
+US$200.2m		51.9%PE20x

Latest News

RS
US$351.68
Reliance
7D
8.0%
1Y
23.7%
MSB
US$27.03
Mesabi Trust
7D
-10.8%
1Y
-3.6%
STLD
US$226.79
Steel Dynamics
7D
13.2%
1Y
78.1%
AMR
US$187.23
Alpha Metallurgical Resources
7D
-2.3%
1Y
48.4%
TX
US$43.32
Ternium
7D
2.4%
1Y
51.9%

Ternium: Retest Of $45+ Likely As We Approach Q1 Earnings Release (Rating Upgrade) (Technical Analysis)

Apr 23
WS
US$37.74
Worthington Steel
7D
9.7%
1Y
46.7%

WS: Stable Fair Value With Slightly Lower Discount Rate And Higher P/E

Analysts have adjusted their price target for Worthington Steel to $38.00, reflecting updated assumptions around the discount rate and future P/E while keeping fair value estimates steady. Valuation Changes Fair Value: Kept steady at $38.0, indicating no change in the underlying fair value estimate.
CLF
US$9.76
Cleveland-Cliffs
7D
-1.8%
1Y
23.4%
HLP
US$0.90
Hongli Group
7D
-18.9%
1Y
-13.5%
MTUS
US$19.11
Metallus
7D
5.9%
1Y
48.5%
CMC
US$69.18
Commercial Metals
7D
4.5%
1Y
56.7%

CMC: Future Upside Will Be Driven By Buybacks And Rising Dividend Payout

Analysts have lifted their price target on Commercial Metals to $85 from $80, reflecting updated assumptions for revenue growth, profitability, discount rate, and a slightly lower future P/E multiple. What's in the News Commercial Metals completed a share repurchase tranche, buying 249,154 shares, or 0.22% of shares, for $18.3 million between December 1, 2025 and February 28, 2026, bringing total repurchases under the October 13, 2021 authorization to 15,131,239 shares, or 12.98%, for $702.21 million (Key Developments).
ASTL
US$4.52
Algoma Steel Group
7D
-4.6%
1Y
-11.9%
NUE
US$214.29
Nucor
7D
9.4%
1Y
85.2%

Nucor: Premier Steelmaker But Time To Take A Little Off The Table

Apr 12
RYZ
US$26.38
Ryerson Holding
7D
6.2%
1Y
13.2%
SIM
US$30.71
Grupo Simec. de
7D
-1.1%
1Y
9.7%
HUDI
US$1.18
Huadi International Group
7D
-7.2%
1Y
-15.1%
SRL
US$6.81
Scully Royalty
7D
-3.7%
1Y
-11.6%