Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Steel Industry Analysis

UpdatedApr 21, 2026
DataAggregated Company Financials
Companies33
  • 7D4.8%
  • 3M5.6%
  • 1Y62.2%
  • YTDn/a

The Steel industry is up 4.8% in the last week, with Nucor up 6.6%. Meanwhile, Mesabi Trust actually underperformed within the industry, shrinking 12% in the last week. This takes the industry's 12 month performance to a gain of 62%. Looking forward, 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
Tue, 21 Apr 2026US$130.3bUS$127.6bUS$2.4b22.4x53.9x1x
Thu, 19 Mar 2026US$114.6bUS$127.1bUS$2.4b20.7x48.6x0.9x
Sat, 14 Feb 2026US$134.6bUS$129.0bUS$3.0b23.8x45.3x1x
Mon, 12 Jan 2026US$123.2bUS$127.6bUS$2.6b22.1x47.5x1x
Wed, 10 Dec 2025US$116.0bUS$127.4bUS$2.3b20.8x50.6x0.9x
Fri, 07 Nov 2025US$106.3bUS$127.2bUS$2.3b19.8x46.7x0.8x
Sun, 05 Oct 2025US$105.8bUS$125.9bUS$2.3b18.9x46.7x0.8x
Tue, 02 Sep 2025US$116.2bUS$128.7bUS$2.6b18.7x44.3x0.9x
Thu, 31 Jul 2025US$114.1bUS$128.8bUS$2.8b18.5x40.4x0.9x
Sat, 28 Jun 2025US$109.9bUS$132.5bUS$2.7b20.2x41.4x0.8x
Mon, 26 May 2025US$110.6bUS$147.8bUS$2.8b19.9x39.9x0.7x
Wed, 23 Apr 2025US$107.6bUS$155.6bUS$5.6b16.9x19.2x0.7x
Fri, 21 Mar 2025US$122.7bUS$155.5bUS$5.6b17x21.9x0.8x
Sun, 16 Feb 2025US$129.0bUS$158.4bUS$6.4b15.5x20.1x0.8x
Tue, 14 Jan 2025US$119.0bUS$162.9bUS$7.4b13.4x16.2x0.7x
Thu, 12 Dec 2024US$137.0bUS$163.2bUS$7.7b15.6x17.9x0.8x
Sat, 09 Nov 2024US$149.3bUS$163.9bUS$7.7b17.1x19.4x0.9x
Mon, 07 Oct 2024US$136.1bUS$168.9bUS$9.2b11.7x14.8x0.8x
Wed, 04 Sep 2024US$134.4bUS$169.0bUS$9.3b11.2x14.5x0.8x
Fri, 02 Aug 2024US$146.7bUS$170.1bUS$9.9b11.7x14.8x0.9x
Sun, 30 Jun 2024US$139.0bUS$173.1bUS$13.0b11.1x10.7x0.8x
Tue, 28 May 2024US$148.0bUS$173.5bUS$13.2b12.9x11.2x0.9x
Thu, 25 Apr 2024US$147.7bUS$173.7bUS$13.7b11.2x10.8x0.9x
Sat, 23 Mar 2024US$156.7bUS$175.0bUS$14.2b11.7x11x0.9x
Mon, 19 Feb 2024US$152.8bUS$173.6bUS$13.6b14x11.2x0.9x
Wed, 17 Jan 2024US$144.4bUS$175.5bUS$14.8b14.3x9.8x0.8x
Fri, 15 Dec 2023US$137.8bUS$175.8bUS$14.8b11.8x9.3x0.8x
Sun, 12 Nov 2023US$130.7bUS$176.9bUS$15.0b13.2x8.7x0.7x
Tue, 10 Oct 2023US$132.5bUS$181.0bUS$17.4b8.6x7.6x0.7x
Thu, 07 Sep 2023US$136.4bUS$181.3bUS$17.4b8.3x7.9x0.8x
Sat, 05 Aug 2023US$134.9bUS$181.4bUS$17.6b8.9x7.7x0.7x
Mon, 03 Jul 2023US$132.3bUS$185.9bUS$20.1b8.6x6.6x0.7x
Wed, 31 May 2023US$111.8bUS$186.6bUS$20.4b8.6x5.5x0.6x
Fri, 28 Apr 2023US$123.6bUS$188.7bUS$21.9b6.5x5.6x0.7x
Price to Earnings Ratio

5.6x


Total Market Cap: US$123.6bTotal Earnings: US$21.9bTotal Revenue: US$188.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Steel Industry Price to Earnings3Y Average 23.1x202420252026
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 53.9x which is higher than its 3-year average PE of 23.1x.
  • The 3-year average PS ratio of 0.82x 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 52% 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 Market3.58%
Materials-0.16%
Metals and Mining0.46%
Steel4.82%
Diversified Metals and Mining12.13%
Precious Metals and Minerals2.70%
Silver0.40%
Copper-0.62%
Gold-0.95%
Aluminum-7.08%
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$202.266.6%
+US$2.9b		89.6%PE26.5x
STLD Steel DynamicsUS$209.357.1%
+US$2.0b		84.4%PE25.6x
RS RelianceUS$335.363.4%
+US$561.7m		23.4%PE23.2x
SIM Grupo Simec. deUS$31.057.1%
+US$314.6m		18.4%PE53.8x
CLF Cleveland-CliffsUS$9.734.2%
+US$222.5m		39.2%PS0.3x

Latest News

STLD
US$209.35
Steel Dynamics
7D
7.1%
1Y
84.4%

Steel Dynamics: Tariff Benefits Strengthen In Q1

Apr 21
CLF
US$9.73
Cleveland-Cliffs
7D
4.2%
1Y
39.2%

Cleveland-Cliffs Q1 Earnings: A Mundane Report At A Time Of Uncertainty

Apr 20
MSB
US$28.45
Mesabi Trust
7D
-12.1%
1Y
5.1%
TX
US$43.00
Ternium
7D
-0.09%
1Y
58.6%

TX: Higher Discount Rate And Thinner Margins Will Likely Limit Future Upside

Analysts are keeping Ternium's price target steady at $33.00, highlighting updated assumptions for a higher discount rate, lower revenue growth and profit margin, and a higher future P/E multiple as key drivers behind the revised view. Valuation Changes Fair Value: $33.00 is unchanged, indicating no shift in the central value estimate.
CMC
US$67.54
Commercial Metals
7D
1.9%
1Y
62.3%

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$4.69
Algoma Steel Group
7D
-6.4%
1Y
-3.3%
NUE
US$202.26
Nucor
7D
6.6%
1Y
89.6%

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

Apr 12
RYZ
US$25.71
Ryerson Holding
7D
3.0%
1Y
17.0%
SIM
US$31.05
Grupo Simec. de
7D
7.1%
1Y
18.4%
RS
US$335.36
Reliance
7D
3.4%
1Y
23.4%
WS
US$35.67
Worthington Steel
7D
3.5%
1Y
51.1%

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.
LUD
US$5.17
Luda Technology Group
7D
-18.1%
1Y
33.6%
INHD
US$0.19
Inno Holdings
7D
-1.6%
1Y
-99.9%
SRL
US$7.04
Scully Royalty
7D
-2.9%
1Y
-6.1%