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U.S. Steel Industry Analysis

UpdatedFeb 23, 2026
DataAggregated Company Financials
Companies34
  • 7D-1.8%
  • 3M16.5%
  • 1Y30.9%
  • YTDn/a

Over the last 7 days, the Steel industry has dropped 1.8%, driven by Reliance declining 7.1%. Over the past 12 months, the industry was up 31%. As for the next few years, earnings are expected to grow by 30% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 24 Feb 2026US$128.1bUS$127.4bUS$2.6b23x49.1x1x
Thu, 22 Jan 2026US$128.4bUS$127.6bUS$2.6b23.5x49.4x1x
Sat, 20 Dec 2025US$119.6bUS$127.5bUS$2.2b22.4x53.8x0.9x
Mon, 17 Nov 2025US$108.2bUS$127.3bUS$2.3b19.8x47.1x0.8x
Wed, 15 Oct 2025US$106.6bUS$125.9bUS$2.3b18.3x47.1x0.8x
Fri, 12 Sep 2025US$115.1bUS$128.7bUS$2.6b19.1x43.9x0.9x
Sun, 10 Aug 2025US$111.0bUS$128.7bUS$2.6b17.5x42.2x0.9x
Tue, 08 Jul 2025US$115.2bUS$132.6bUS$2.8b20.6x40.6x0.9x
Thu, 05 Jun 2025US$118.8bUS$147.8bUS$2.8b21x42.9x0.8x
Sat, 03 May 2025US$112.3bUS$148.7bUS$3.4b21.7x33.2x0.8x
Mon, 31 Mar 2025US$118.4bUS$155.5bUS$5.6b17.3x21.2x0.8x
Wed, 26 Feb 2025US$127.4bUS$156.1bUS$5.8b15.8x22x0.8x
Fri, 24 Jan 2025US$122.9bUS$160.0bUS$7.0b13.1x17.6x0.8x
Sun, 22 Dec 2024US$118.2bUS$163.1bUS$7.8b13.9x15.2x0.7x
Tue, 19 Nov 2024US$139.4bUS$163.8bUS$7.7b16.8x18.1x0.9x
Thu, 17 Oct 2024US$137.6bUS$168.8bUS$9.2b11.8x14.9x0.8x
Sat, 14 Sep 2024US$125.7bUS$169.0bUS$9.3b11.4x13.6x0.7x
Mon, 12 Aug 2024US$133.1bUS$169.1bUS$9.4b12.2x14.1x0.8x
Wed, 10 Jul 2024US$137.6bUS$173.0bUS$12.8b10.5x10.7x0.8x
Fri, 07 Jun 2024US$143.0bUS$173.4bUS$13.1b12.3x10.9x0.8x
Sun, 05 May 2024US$147.5bUS$173.5bUS$13.3b11.8x11.1x0.8x
Tue, 02 Apr 2024US$160.6bUS$174.8bUS$14.1b11.6x11.4x0.9x
Thu, 29 Feb 2024US$157.3bUS$175.0bUS$14.1b12.1x11.2x0.9x
Sat, 27 Jan 2024US$145.6bUS$175.0bUS$14.6b14.8x10x0.8x
Mon, 25 Dec 2023US$150.3bUS$175.8bUS$14.9b13.5x10.1x0.9x
Wed, 22 Nov 2023US$134.9bUS$177.0bUS$15.0b13.5x9x0.8x
Fri, 20 Oct 2023US$124.1bUS$179.7bUS$17.0b8.8x7.3x0.7x
Sun, 17 Sep 2023US$131.5bUS$181.4bUS$17.4b8.7x7.6x0.7x
Tue, 15 Aug 2023US$138.5bUS$181.4bUS$17.4b8.6x8x0.8x
Thu, 13 Jul 2023US$135.5bUS$185.9bUS$20.1b9.1x6.7x0.7x
Sat, 10 Jun 2023US$121.1bUS$186.7bUS$20.4b8.9x5.9x0.6x
Mon, 08 May 2023US$118.1bUS$186.8bUS$20.5b8.2x5.8x0.6x
Wed, 05 Apr 2023US$122.6bUS$191.8bUS$24.3b6.8x5.1x0.6x
Fri, 03 Mar 2023US$144.5bUS$192.0bUS$24.5b6.9x5.9x0.8x
Price to Earnings Ratio

5.9x


Total Market Cap: US$144.5bTotal Earnings: US$24.5bTotal Revenue: US$192.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Steel Industry Price to Earnings3Y Average 20.9x202420252026
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 49.1x which is higher than its 3-year average PE of 20.8x.
  • 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 Market1.04%
Materials0.30%
Metals and Mining1.12%
Steel-1.77%
Silver6.39%
Aluminum3.48%
Precious Metals and Minerals3.37%
Copper1.83%
Gold1.72%
Diversified Metals and Mining-2.98%
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
STLD Steel DynamicsUS$196.012.3%
+US$632.3m		47.2%PE24.1x
CLF Cleveland-CliffsUS$10.783.9%
+US$228.2m		-3.3%PS0.3x
SIM Grupo Simec. deUS$32.484.8%
+US$227.2m		25.7%PE55.7x
METC Ramaco ResourcesUS$17.204.4%
+US$47.6m		75.3%PS2x
HCC Warrior Met CoalUS$87.050.9%
+US$40.5m		74.8%PE80.3x

Latest News

NUE
US$178.85
Nucor
7D
-2.4%
1Y
31.3%
CLF
US$10.78
Cleveland-Cliffs
7D
3.9%
1Y
-3.3%
SXC
US$5.88
SunCoke Energy
7D
-26.4%
1Y
-36.3%

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

Narrative Update 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 offset softer logistics and Domestic Coke volumes.
MTUS
US$17.52
Metallus
7D
-15.4%
1Y
11.1%
RS
US$322.70
Reliance
7D
-6.0%
1Y
7.9%
SIM
US$32.48
Grupo Simec. de
7D
4.8%
1Y
25.7%
METC
US$17.20
Ramaco Resources
7D
4.4%
1Y
75.3%

METC: Rare Earths And Coal Cash Returns Will Balance Execution Risks

Analysts have raised their price target on Ramaco Resources by $1.00 to $16.00, citing updated assumptions related to revenue growth, profit margins and a lower future P/E multiple following recent research. Analyst Commentary Recent research on Ramaco Resources highlights a mix of cautious and constructive views, with the revised US$16.00 price target reflecting updated assumptions on revenue, margins and the applied P/E multiple.
RYI
US$28.16
Ryerson Holding
7D
4.2%
1Y
14.8%
WS
US$43.95
Worthington Steel
7D
-6.3%
1Y
56.4%

WS: Localized Impairment Will Be Managed While Keeping Outlook And P/E Expectations Balanced

Analysts have kept their price target for Worthington Steel steady at $47.00. This reflects only very small tweaks to assumptions around discount rate, revenue growth, profit margin and future P/E, rather than any major shift in their overall view.
STLD
US$196.01
Steel Dynamics
7D
2.3%
1Y
47.2%

STLD: Tariff Policy And 2026 Outlook Will Shape Capacity And Acquisition Path

Analysts have adjusted their views on Steel Dynamics, setting a refreshed analyst price target in the high $180s to low $190s range. This reflects updated 2026 outlooks that highlight expectations for firm steel pricing, ongoing tariff support, and a mixed but generally constructive profitability setup for U.S. mills.
TX
US$43.33
Ternium
7D
-0.7%
1Y
45.8%

TX: Higher Required Return And Earnings Multiple Will Shape Balanced Outlook

Analysts now see Ternium's fair value at about $39.88 per share, up from roughly $36.81. This reflects updated views on its discount rate, revenue growth, profit margins and future P/E assumptions.
HCC
US$87.05
Warrior Met Coal
7D
0.9%
1Y
74.8%
AMR
US$176.79
Alpha Metallurgical Resources
7D
-4.7%
1Y
12.9%

AMR: Future Buybacks And 2026 Shipment Plans Will Support Upside Potential

Narrative Update on Alpha Metallurgical Resources Analysts have adjusted their price target for Alpha Metallurgical Resources slightly higher from $204.00 to $205.00, reflecting updated views on fair value, discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News Preliminary unaudited guidance for the fourth quarter of 2025 points to a net loss of $17.3 million, or $1.34 per diluted share, providing an early view of expected earnings for the period (Key Developments).
CMC
US$75.64
Commercial Metals
7D
-5.0%
1Y
51.1%

CMC: Share Repurchases And Higher P/E Assumptions Will Signal Overvaluation

Analysts have raised their price target on Commercial Metals from $41.00 to $66.00, citing updated assumptions for revenue growth, profit margins, the discount rate, and a higher future P/E multiple. What's in the News From October 1, 2025 to November 30, 2025, Commercial Metals repurchased 663,220 shares for $38.9 million, accounting for 0.6% of its shares.
AP
US$8.77
Ampco-Pittsburgh
7D
12.6%
1Y
340.7%

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%
HUDI
US$1.15
Huadi International Group
7D
1.8%
1Y
-39.2%