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U.S. Steel Industry Analysis

UpdatedApr 02, 2026
DataAggregated Company Financials
Companies33
  • 7D2.7%
  • 3M1.4%
  • 1Y30.6%
  • YTDn/a

Over the last 7 days, the Steel industry has risen 2.7%, driven by gains from Nucor of 5.2%. Meanwhile, Warrior Met Coal actually underperformed within the industry, shrinking 5.1% in the last week. In the last 12 months, the industry was up 31%. Earnings are forecast to grow by 26% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 02 Apr 2026US$118.6bUS$127.5bUS$2.4b21.9x48.9x0.9x
Sat, 28 Feb 2026US$126.7bUS$127.3bUS$2.6b22.6x49.3x1x
Mon, 26 Jan 2026US$133.5bUS$127.7bUS$2.6b23.6x51.5x1x
Wed, 24 Dec 2025US$122.3bUS$127.6bUS$2.2b22.9x55.1x1x
Fri, 21 Nov 2025US$107.8bUS$127.3bUS$2.3b19.5x46.9x0.8x
Sun, 19 Oct 2025US$103.4bUS$126.0bUS$2.3b17.9x44.7x0.8x
Tue, 16 Sep 2025US$114.9bUS$128.8bUS$2.6b18.9x43.8x0.9x
Thu, 14 Aug 2025US$113.4bUS$128.7bUS$2.6b18.3x43.2x0.9x
Sat, 12 Jul 2025US$115.9bUS$132.6bUS$2.8b21.2x40.8x0.9x
Mon, 09 Jun 2025US$118.5bUS$147.8bUS$2.8b21x42.7x0.8x
Wed, 07 May 2025US$113.9bUS$148.7bUS$3.4b20.3x33.8x0.8x
Fri, 04 Apr 2025US$120.2bUS$155.5bUS$5.6b16.7x21.5x0.8x
Sun, 02 Mar 2025US$127.3bUS$155.7bUS$5.7b16.2x22.3x0.8x
Tue, 28 Jan 2025US$123.6bUS$159.6bUS$6.9b12.7x17.8x0.8x
Thu, 26 Dec 2024US$119.5bUS$163.1bUS$7.8b13.8x15.4x0.7x
Sat, 23 Nov 2024US$143.5bUS$163.2bUS$7.7b17.5x18.7x0.9x
Mon, 21 Oct 2024US$140.4bUS$168.4bUS$8.9b12.4x15.8x0.8x
Wed, 18 Sep 2024US$127.7bUS$169.0bUS$9.3b11x13.8x0.8x
Fri, 16 Aug 2024US$130.7bUS$169.0bUS$9.3b11.8x14.1x0.8x
Sun, 14 Jul 2024US$142.9bUS$173.0bUS$12.8b11.2x11.1x0.8x
Tue, 11 Jun 2024US$139.3bUS$173.3bUS$13.1b12x10.6x0.8x
Thu, 09 May 2024US$146.5bUS$173.5bUS$13.2b11.8x11.1x0.8x
Sat, 06 Apr 2024US$159.7bUS$174.7bUS$14.0b11.6x11.4x0.9x
Mon, 04 Mar 2024US$155.4bUS$174.9bUS$14.1b12.5x11x0.9x
Wed, 31 Jan 2024US$147.7bUS$174.1bUS$14.2b13.6x10.4x0.8x
Fri, 29 Dec 2023US$151.0bUS$175.8bUS$14.9b13.4x10.2x0.9x
Sun, 26 Nov 2023US$135.1bUS$177.0bUS$15.0b13.8x9x0.8x
Tue, 24 Oct 2023US$121.9bUS$179.7bUS$17.0b8.4x7.2x0.7x
Thu, 21 Sep 2023US$131.6bUS$181.4bUS$17.4b8.6x7.6x0.7x
Sat, 19 Aug 2023US$135.4bUS$181.3bUS$17.4b8.8x7.8x0.7x
Mon, 17 Jul 2023US$134.4bUS$186.0bUS$20.1b9.1x6.7x0.7x
Wed, 14 Jun 2023US$126.8bUS$186.7bUS$20.4b9.3x6.2x0.7x
Fri, 12 May 2023US$115.3bUS$186.6bUS$20.4b8.3x5.7x0.6x
Sun, 09 Apr 2023US$122.1bUS$191.8bUS$24.2b6.7x5x0.6x
Price to Earnings Ratio

5x


Total Market Cap: US$122.1bTotal Earnings: US$24.2bTotal Revenue: US$191.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Steel Industry Price to Earnings3Y Average 22.3x202420252026
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 48.9x which is higher than its 3-year average PE of 22.3x.
  • The industry is trading close to its 3-year average PS ratio of 0.81x.
Past Earnings Growth
  • The earnings for companies in the Steel industry have declined 54% 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 Market-0.32%
Materials3.66%
Metals and Mining8.34%
Steel2.69%
Aluminum20.41%
Gold11.51%
Copper7.41%
Silver4.52%
Precious Metals and Minerals3.29%
Diversified Metals and Mining-1.34%
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$173.725.2%
+US$1.9b		41.2%PE22.8x
STLD Steel DynamicsUS$182.855.4%
+US$1.3b		43.6%PE22.3x
RS RelianceUS$307.192.7%
+US$424.2m		4.5%PE21.5x
TX TerniumUS$40.743.0%
+US$229.7m		30.2%PE18.8x
RYZ Ryerson HoldingUS$22.615.8%
+US$64.1m		-2.8%PS0.3x

Latest News

AMR
US$198.33
Alpha Metallurgical Resources
7D
-8.8%
1Y
58.9%
CMC
US$62.87
Commercial Metals
7D
0.7%
1Y
33.7%

CMC: Ongoing Buybacks And Rising Dividend Will Support Upside Potential

Analysts have adjusted their price target for Commercial Metals to approximately $69. This reflects updated assumptions for revenue growth, profit margins, and a higher future P/E multiple.
HCC
US$91.90
Warrior Met Coal
7D
-5.1%
1Y
96.8%

HCC: Blue Creek Ramp And Execution Will Shape Balanced Medium Term Outlook

Narrative Update: Warrior Met Coal Analysts have lifted their consolidated price target on Warrior Met Coal by about $4 to roughly $106. This change reflects updated assumptions around valuation multiples, discount rate, and profitability, based on a series of recent target hikes across major firms.
NUE
US$173.72
Nucor
7D
5.2%
1Y
41.2%
STLD
US$182.85
Steel Dynamics
7D
5.4%
1Y
43.6%
WS
US$31.08
Worthington Steel
7D
-11.2%
1Y
20.0%
MTUS
US$16.42
Metallus
7D
-1.4%
1Y
19.3%

MTUS: Buybacks And Labor Progress Will Support Sector Weight Case Into 2026

Analysts have adjusted their outlook on Metallus with a modestly refined price target of about $18.00, reflecting updated assumptions for discount rate, revenue growth, profit margin, and future P/E following the latest sector weight initiation from Street research. Analyst Commentary Bullish Takeaways Bullish analysts view the sector weight stance as consistent with an $18.00 target, suggesting the stock is roughly aligned with peers on risk and return expectations.
RYZ
US$22.61
Ryerson Holding
7D
5.8%
1Y
-2.8%
SXC
US$6.38
SunCoke Energy
7D
-4.6%
1Y
-31.0%

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

Analysts have reduced their price target on SunCoke Energy to $9 from $10, citing Q4 adjusted EBITDA of $56.7M that came in below expectations and softer logistics and Domestic Coke volumes, partly offset by contributions from Industrial Services. Analyst Commentary Bullish Takeaways Bullish analysts point to the updated US$9 price target as signaling that, despite reduced expectations, they still see support for the shares at current levels.
TX
US$40.74
Ternium
7D
3.0%
1Y
30.2%
METC
US$14.83
Ramaco Resources
7D
6.5%
1Y
77.8%

METC: Brook Mine Rare Earths Execution Will Drive Future Upside Potential

Analysts have trimmed their average price target on Ramaco Resources, with recent cuts to $14 and $30. These changes reflect a slightly higher discount rate, mixed recent results, and a greater focus on execution risks around the revised rare earths and Brook Mine plans.
CLF
US$8.27
Cleveland-Cliffs
7D
-3.2%
1Y
-5.3%

CLF: Tariff Support And Auto Contract Wins Will Shape Future Returns

The analyst price target for Cleveland-Cliffs has been adjusted slightly lower to reflect a new fair value estimate of about $13.08, as analysts weigh mixed rating changes, valuation concerns, and updated expectations for margins and future P/E multiples. Analyst Commentary Recent research on Cleveland-Cliffs reflects a divided view, with some analysts focusing on potential upside from pricing, tariffs, and growth initiatives, while others point to valuation, costs, and execution risks around upcoming results and leadership actions.
LUD
US$3.22
Luda Technology Group
7D
-24.4%
1Y
-17.4%
RS
US$307.19
Reliance
7D
2.7%
1Y
4.5%
HLP
US$0.85
Hongli Group
7D
-15.8%
1Y
-33.2%

Subdued Growth No Barrier To Hongli Group Inc. (NASDAQ:HLP) With Shares Advancing 34%

Feb 06
Subdued Growth No Barrier To Hongli Group Inc. (NASDAQ:HLP) With Shares Advancing 34%
MSB
US$32.56
Mesabi Trust
7D
4.1%
1Y
21.4%