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U.S. Steel Industry Analysis

UpdatedJun 10, 2026
DataAggregated Company Financials
Companies33
  • 7D-2.5%
  • 3M36.3%
  • 1Y70.5%
  • YTDn/a

Over the last 7 days, the Steel industry has remained flat, although notably Cleveland-Cliffs declined by 6.6%. As for the the longer term, the industry is up 74% over the past 12 months. Earnings are forecast to grow by 25% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 10 Jun 2026US$161.6bUS$131.4bUS$3.7b23.8x43.7x1.2x
Fri, 08 May 2026US$147.5bUS$131.2bUS$3.7b23.9x39.6x1.1x
Sun, 05 Apr 2026US$119.6bUS$127.5bUS$2.4b21.7x49.2x0.9x
Tue, 03 Mar 2026US$126.1bUS$127.3bUS$2.6b22.6x49.1x1x
Thu, 29 Jan 2026US$129.0bUS$128.8bUS$2.7b22.1x47x1x
Sat, 27 Dec 2025US$122.5bUS$127.6bUS$2.2b22.9x55.2x1x
Mon, 24 Nov 2025US$110.3bUS$127.3bUS$2.3b20.1x48.1x0.9x
Wed, 22 Oct 2025US$107.7bUS$126.7bUS$2.4b18.2x45x0.9x
Fri, 19 Sep 2025US$117.1bUS$128.8bUS$2.6b19.5x44.6x0.9x
Sun, 17 Aug 2025US$113.4bUS$128.7bUS$2.6b18.1x43.3x0.9x
Tue, 15 Jul 2025US$116.7bUS$129.8bUS$2.9b20.7x39.7x0.9x
Thu, 12 Jun 2025US$119.9bUS$147.8bUS$2.8b20.7x43.2x0.8x
Sat, 10 May 2025US$110.7bUS$147.8bUS$2.8b20.4x39.9x0.7x
Mon, 07 Apr 2025US$103.8bUS$155.5bUS$5.6b16x18.6x0.7x
Wed, 05 Mar 2025US$123.7bUS$155.7bUS$5.7b15.5x21.8x0.8x
Fri, 31 Jan 2025US$125.9bUS$159.0bUS$6.6b14x19.2x0.8x
Sun, 29 Dec 2024US$118.6bUS$163.1bUS$7.8b13.6x15.3x0.7x
Tue, 26 Nov 2024US$144.3bUS$163.2bUS$7.7b17.2x18.8x0.9x
Thu, 24 Oct 2024US$134.9bUS$167.0bUS$8.0b11.7x16.9x0.8x
Sat, 21 Sep 2024US$133.8bUS$169.0bUS$9.3b11.4x14.5x0.8x
Mon, 19 Aug 2024US$132.8bUS$169.0bUS$9.3b11.9x14.3x0.8x
Wed, 17 Jul 2024US$145.3bUS$173.0bUS$12.8b11.9x11.3x0.8x
Fri, 14 Jun 2024US$136.0bUS$173.3bUS$13.1b11.7x10.4x0.8x
Sun, 12 May 2024US$147.9bUS$173.5bUS$13.1b12.2x11.3x0.9x
Tue, 09 Apr 2024US$160.7bUS$174.7bUS$14.0b11.7x11.5x0.9x
Thu, 07 Mar 2024US$152.2bUS$174.9bUS$14.1b12.5x10.8x0.9x
Sat, 03 Feb 2024US$149.5bUS$173.9bUS$14.1b12.2x10.6x0.9x
Mon, 01 Jan 2024US$147.9bUS$175.8bUS$14.9b12.9x10x0.8x
Wed, 29 Nov 2023US$137.7bUS$177.0bUS$15.0b13.4x9.2x0.8x
Fri, 27 Oct 2023US$126.2bUS$177.6bUS$16.4b8.7x7.7x0.7x
Sun, 24 Sep 2023US$130.7bUS$181.4bUS$17.4b8.5x7.5x0.7x
Tue, 22 Aug 2023US$135.9bUS$181.3bUS$17.4b8.7x7.8x0.7x
Thu, 20 Jul 2023US$134.8bUS$186.0bUS$20.1b9.4x6.7x0.7x
Sat, 17 Jun 2023US$124.1bUS$186.7bUS$20.4b8.9x6.1x0.7x
Price to Earnings Ratio

6.1x


Total Market Cap: US$124.1bTotal Earnings: US$20.4bTotal Revenue: US$186.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Steel Industry Price to Earnings3Y Average 24.8x202420252026
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 44.0x which is higher than its 3-year average PE of 24.8x.
  • The 3-year average PS ratio of 0.84x is lower than the industry's current PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Steel industry have declined 43% per year over the last three years,
  • Revenues have also declined 11% 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-3.33%
Materials-4.26%
Metals and Mining-10.13%
Steel-2.48%
Gold-10.46%
Aluminum-11.39%
Copper-12.01%
Precious Metals and Minerals-13.67%
Silver-18.51%
Diversified Metals and Mining-19.36%
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
RS RelianceUS$401.802.6%
+US$521.2m		29.0%PE25.5x
INHD Inno HoldingsUS$39.493,218.5%
+US$96.5m		-93.4%PS21.8x
ZKIN ZK International GroupUS$1.7127.6%
+US$21.2m		-32.1%PS1.4x
RYZ Ryerson HoldingUS$28.570.5%
+US$7.3m		29.7%PS0.3x
FRD Friedman IndustriesUS$25.243.5%
+US$6.1m		51.7%PE11.6x

Latest News

STLD
US$269.80
Steel Dynamics
7D
-0.6%
1Y
101.6%
HCC
US$94.67
Warrior Met Coal
7D
-14.2%
1Y
99.2%
RYZ
US$28.57
Ryerson Holding
7D
0.5%
1Y
29.7%
Seeking Alpha • 21h

Ryerson Holding: Positioned For Margin Expansion As Industrial Restocking Commences

Summary Trading at a 1.16x price-to-book ratio, Ryerson Holding offers an extreme margin of safety essentially pegged to the physical liquidation value of its warehouse inventory. FQ1 2026 data confirms the multi-year industrial destocking cycle has bottomed, forcing a structural restocking phase that will drive significant volume recovery. The $6.5 billion Olympic Steel merger doubled Ryerson's capacity at the exact cycle trough, securing massive low-cost stockpiles. Severe supply constraints in domestic steel and global aluminum will allow Ryerson to reprice this existing inventory to market premiums, driving explosive margin expansion. Surging metal prices, driven by sustained EV manufacturing demand and severe geopolitical supply shocks in the Middle East. Read the full article on Seeking Alpha
AMR
US$193.58
Alpha Metallurgical Resources
7D
-11.2%
1Y
73.2%
CLF
US$12.72
Cleveland-Cliffs
7D
-13.8%
1Y
58.6%
METC
US$14.80
Ramaco Resources
7D
-15.5%
1Y
48.1%
Narrative Update • Jun 05

METC: Coal Cash Generation And Brook Mine Minerals Will Balance Execution Risks

Analysts have reduced their average price target for Ramaco Resources by about $3 to reflect updated Q1 assumptions, including a higher discount rate, lower expectations for revenue growth and profit margins, and a significantly higher assumed future P/E multiple. Analyst Commentary Recent Street research on Ramaco Resources points to a more cautious tone around valuation and execution following the Q1 update.
RS
US$401.80
Reliance
7D
2.6%
1Y
29.0%
Narrative Update • Jun 05

RS: Future Returns Will Depend On Sustained Buybacks Despite Overvaluation Concerns

Analysts have slightly raised their price target on Reliance from about $357.75 to roughly $359.57, citing marginally higher assumptions for revenue growth and profit margins, as well as a small adjustment to the discount rate and future P/E expectations. What's in the News Reliance, Inc.
TX
US$48.01
Ternium
7D
-6.3%
1Y
62.4%
Narrative Update • Jun 05

TX: Higher Discount Rate Will Likely Cap Upside Despite Market Optimism

Analysts have lifted their price target on Ternium from $33 to $40, reflecting updated views on its fair value, profit margin assumptions, and future P/E expectations. What's in the News Itau BBA upgraded Ternium S.A. to Outperform from Market Perform, citing confidence in the company's positioning within the steel industry.
NUE
US$254.32
Nucor
7D
-1.6%
1Y
104.0%
FRD
US$25.24
Friedman Industries
7D
3.5%
1Y
51.7%
INHD
US$39.49
Inno Holdings
7D
3,218.5%
1Y
-93.4%
ASTL
US$4.68
Algoma Steel Group
7D
-16.6%
1Y
-23.2%
ZKIN
US$1.71
ZK International Group
7D
27.6%
1Y
-32.1%