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U.S. Steel Industry Analysis

UpdatedApr 15, 2026
DataAggregated Company Financials
Companies33
  • 7D7.0%
  • 3M1.3%
  • 1Y51.9%
  • YTDn/a

In the last week, the Steel industry is up 8.1%, with Nucor up 9.7%. During this same period, the Warrior Met Coal underperformed, falling 7.8%. This means that the industry has gained 52% over the past year. Earnings are forecast to grow by 24% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 15 Apr 2026US$127.8bUS$127.6bUS$2.4b23.1x52.7x1x
Fri, 13 Mar 2026US$120.7bUS$127.1bUS$2.4b21.2x50.1x0.9x
Sun, 08 Feb 2026US$139.8bUS$128.8bUS$2.7b25.1x50.9x1.1x
Tue, 06 Jan 2026US$122.8bUS$127.5bUS$2.2b22.8x55x1x
Thu, 04 Dec 2025US$117.3bUS$127.4bUS$2.3b21.5x51.1x0.9x
Sat, 01 Nov 2025US$109.2bUS$127.3bUS$2.3b20.3x47.7x0.9x
Mon, 29 Sep 2025US$116.5bUS$128.8bUS$2.6b19.4x44.2x0.9x
Wed, 27 Aug 2025US$116.4bUS$128.7bUS$2.6b18.5x44.4x0.9x
Fri, 25 Jul 2025US$119.0bUS$129.6bUS$2.3b19.9x51.8x0.9x
Sun, 22 Jun 2025US$107.3bUS$132.6bUS$2.7b19.6x40.1x0.8x
Tue, 20 May 2025US$113.3bUS$147.8bUS$2.8b20.5x40.9x0.8x
Thu, 17 Apr 2025US$110.4bUS$155.6bUS$5.6b16.7x19.8x0.7x
Sat, 15 Mar 2025US$118.3bUS$155.7bUS$5.7b17.1x20.8x0.8x
Mon, 10 Feb 2025US$124.1bUS$158.4bUS$6.5b14.7x19x0.8x
Wed, 08 Jan 2025US$121.4bUS$163.0bUS$7.4b13.7x16.4x0.7x
Fri, 06 Dec 2024US$142.6bUS$163.2bUS$7.7b16x18.6x0.9x
Sun, 03 Nov 2024US$134.7bUS$166.0bUS$7.7b14.1x17.6x0.8x
Tue, 01 Oct 2024US$136.4bUS$168.9bUS$9.2b11.9x14.8x0.8x
Thu, 29 Aug 2024US$134.5bUS$169.0bUS$9.3b11.9x14.5x0.8x
Sat, 27 Jul 2024US$143.0bUS$169.7bUS$11.3b12.3x12.7x0.8x
Mon, 24 Jun 2024US$137.1bUS$173.0bUS$13.1b11x10.5x0.8x
Wed, 22 May 2024US$148.5bUS$173.5bUS$13.1b12.9x11.3x0.9x
Fri, 19 Apr 2024US$154.3bUS$174.5bUS$14.0b11.3x11x0.9x
Sun, 17 Mar 2024US$151.5bUS$175.0bUS$14.2b12.1x10.7x0.9x
Tue, 13 Feb 2024US$150.9bUS$174.0bUS$14.1b13.4x10.7x0.9x
Thu, 11 Jan 2024US$143.8bUS$175.6bUS$14.8b16x9.7x0.8x
Sat, 09 Dec 2023US$135.3bUS$175.7bUS$14.8b12.4x9.1x0.8x
Mon, 06 Nov 2023US$132.4bUS$176.9bUS$15.0b11x8.8x0.7x
Wed, 04 Oct 2023US$132.4bUS$181.0bUS$17.4b8.6x7.6x0.7x
Fri, 01 Sep 2023US$138.8bUS$181.4bUS$17.4b9x8x0.8x
Sun, 30 Jul 2023US$135.3bUS$180.0bUS$17.5b9.6x7.7x0.8x
Tue, 27 Jun 2023US$126.0bUS$186.3bUS$20.1b8.9x6.3x0.7x
Thu, 25 May 2023US$112.9bUS$186.5bUS$20.4b8.9x5.5x0.6x
Sat, 22 Apr 2023US$126.5bUS$189.3bUS$22.8b6.4x5.5x0.7x
Price to Earnings Ratio

5.5x


Total Market Cap: US$126.5bTotal Earnings: US$22.8bTotal Revenue: US$189.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Steel Industry Price to Earnings3Y Average 22.9x202420252026
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 51.8x which is higher than its 3-year average PE of 22.9x.
  • The industry is trading close to its 3-year average PS ratio of 0.82x.
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 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 Market4.44%
Materials4.88%
Metals and Mining7.72%
Steel7.02%
Copper11.60%
Diversified Metals and Mining9.19%
Gold6.04%
Silver1.88%
Aluminum0.33%
Precious Metals and Minerals-6.08%
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$190.049.7%
+US$3.8b		72.0%PE24.9x
STLD Steel DynamicsUS$195.3010.2%
+US$2.6b		65.2%PE23.8x
RS RelianceUS$323.305.4%
+US$851.5m		16.8%PE22.3x
TX TerniumUS$43.218.6%
+US$671.4m		61.1%PE19.9x
CMC Commercial MetalsUS$65.947.8%
+US$528.9m		58.2%PE14.5x

Latest News

CMC
US$65.94
Commercial Metals
7D
7.8%
1Y
58.2%
CLF
US$9.45
Cleveland-Cliffs
7D
8.5%
1Y
32.0%

Cleveland-Cliffs: Big Improvement Coming

Apr 13
TX
US$43.21
Ternium
7D
8.6%
1Y
61.1%
HCC
US$85.77
Warrior Met Coal
7D
-7.8%
1Y
81.3%

HCC: Higher 2026 Coal Volumes And P/E Rerating Will Support Upside

Analysts have raised their fair value estimate for Warrior Met Coal to $120 from $100, citing recent price target increases across the Street and updated assumptions around growth, profitability and future P/E expectations. Analyst Commentary Recent Street research shows a series of bullish analysts revisiting their models for Warrior Met Coal, with multiple price target adjustments over a relatively short period.
NUE
US$190.04
Nucor
7D
9.7%
1Y
72.0%

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

Apr 12
RYZ
US$24.71
Ryerson Holding
7D
9.6%
1Y
13.6%
SIM
US$29.00
Grupo Simec. de
7D
-5.8%
1Y
16.0%
RS
US$323.30
Reliance
7D
5.4%
1Y
16.8%
SXC
US$6.17
SunCoke Energy
7D
-3.7%
1Y
-32.0%

SXC: Industrial Services Will Support Future Earnings Resilience Despite Volume Headwinds

Narrative Update on SunCoke Energy Analysts have trimmed their price target on SunCoke Energy to $9 from $10, citing Q4 adjusted EBITDA of $56.7m that came in below expectations. Industrial Services at $22.7m helped to balance softer logistics and Domestic Coke volumes.
METC
US$13.23
Ramaco Resources
7D
-6.4%
1Y
39.9%
WS
US$33.86
Worthington Steel
7D
9.4%
1Y
40.7%

WS: Higher Discount Rate And Lower P/E Assumptions Will Support Future Upside

Analysts have trimmed their price target for Worthington Steel from $47 to $38, reflecting updated assumptions for discount rate, revenue growth, profit margin, and future P/E that collectively point to a more cautious valuation framework. Valuation Changes Fair Value: reduced from $47 to $38, a cut of about 19% in the modeled valuation.
STLD
US$195.30
Steel Dynamics
7D
10.2%
1Y
65.2%

STLD: Tariff Policy And 2026 Outlook Will Shape Earnings And Capacity Use

Analysts trimmed their price target on Steel Dynamics by about $5 to reflect updated assumptions for slightly higher revenue growth, a lower profit margin and a higher future P/E, while recent Street research highlights mixed rating changes and refreshed 2026 outlooks for U.S. carbon steel equities. Analyst Commentary Recent research on Steel Dynamics offers a mix of optimism and caution, with analysts updating ratings and price targets as they refresh multi year views on U.S. carbon steel equities and factor in tariff and capacity trends.
LUD
US$4.65
Luda Technology Group
7D
-11.3%
1Y
14.5%
AMR
US$186.86
Alpha Metallurgical Resources
7D
-8.3%
1Y
58.3%

AMR: Heavy Buybacks And Expected Quarterly Loss Will Shape Future Returns

Analysts have kept Alpha Metallurgical Resources' average price target steady at $207.00, citing updated assumptions for revenue growth, profit margins, the discount rate, and future P/E. They view these assumptions as broadly consistent with prior expectations.
INHD
US$0.19
Inno Holdings
7D
-50.4%
1Y
-99.9%
SRL
US$7.17
Scully Royalty
7D
-3.9%
1Y
-3.0%