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U.S. Steel Industry Analysis

UpdatedFeb 02, 2026
DataAggregated Company Financials
Companies34
  • 7D-2.7%
  • 3M17.4%
  • 1Y34.5%
  • YTDn/a

Over the last 7 days, the Steel industry has dropped 2.7%, driven by declines in Ramaco Resources and Cleveland-Cliffs of 12% and 1.9%, respectively. This takes the industry's 12 month performance to a gain of 34%. Earnings are forecast to grow by 33% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 02 Feb 2026US$129.9bUS$128.8bUS$2.7b22.7x47.4x1x
Wed, 31 Dec 2025US$121.4bUS$127.6bUS$2.2b22.5x54.7x1x
Fri, 28 Nov 2025US$115.4bUS$127.4bUS$2.3b20.9x50.2x0.9x
Sun, 26 Oct 2025US$106.9bUS$126.9bUS$2.4b18.8x44.8x0.8x
Tue, 23 Sep 2025US$115.0bUS$128.7bUS$2.6b19.2x43.8x0.9x
Thu, 21 Aug 2025US$113.5bUS$128.7bUS$2.6b18.1x43.3x0.9x
Sat, 19 Jul 2025US$115.9bUS$129.8bUS$2.9b20.3x39.4x0.9x
Mon, 16 Jun 2025US$118.1bUS$147.8bUS$2.8b20.3x42.5x0.8x
Wed, 14 May 2025US$114.1bUS$147.8bUS$2.8b20.6x41.4x0.8x
Fri, 11 Apr 2025US$114.3bUS$155.5bUS$5.6b16.8x20.5x0.7x
Sun, 09 Mar 2025US$120.8bUS$155.8bUS$5.7b15.8x21.2x0.8x
Tue, 04 Feb 2025US$123.6bUS$158.3bUS$6.6b14.4x18.9x0.8x
Thu, 02 Jan 2025US$118.9bUS$163.0bUS$7.7b13.1x15.4x0.7x
Sat, 30 Nov 2024US$146.1bUS$163.2bUS$7.7b16.7x19.1x0.9x
Mon, 28 Oct 2024US$133.4bUS$166.9bUS$7.9b12x16.8x0.8x
Wed, 25 Sep 2024US$133.2bUS$169.0bUS$9.3b11.9x14.4x0.8x
Fri, 23 Aug 2024US$133.0bUS$169.0bUS$9.3b11.6x14.4x0.8x
Sun, 21 Jul 2024US$143.2bUS$172.5bUS$12.4b11.8x11.5x0.8x
Tue, 18 Jun 2024US$134.7bUS$173.3bUS$13.1b11.2x10.3x0.8x
Thu, 16 May 2024US$147.6bUS$173.5bUS$13.1b12.3x11.2x0.9x
Sat, 13 Apr 2024US$159.6bUS$174.6bUS$14.0b11.6x11.4x0.9x
Mon, 11 Mar 2024US$154.5bUS$175.0bUS$14.2b12.8x10.9x0.9x
Wed, 07 Feb 2024US$147.5bUS$173.9bUS$14.1b12.2x10.5x0.8x
Fri, 05 Jan 2024US$145.6bUS$175.8bUS$14.9b16.3x9.8x0.8x
Sun, 03 Dec 2023US$143.0bUS$180.4bUS$15.1b13.6x9.4x0.8x
Tue, 31 Oct 2023US$127.9bUS$176.1bUS$16.1b8.7x7.9x0.7x
Thu, 28 Sep 2023US$133.9bUS$181.3bUS$17.4b8.5x7.7x0.7x
Sat, 26 Aug 2023US$133.9bUS$181.3bUS$17.4b8.6x7.7x0.7x
Mon, 24 Jul 2023US$132.6bUS$184.4bUS$19.5b9.3x6.8x0.7x
Wed, 21 Jun 2023US$123.6bUS$186.7bUS$20.4b8.7x6.1x0.7x
Fri, 19 May 2023US$117.6bUS$186.6bUS$20.4b9.2x5.8x0.6x
Sun, 16 Apr 2023US$124.9bUS$191.8bUS$24.2b6.7x5.2x0.7x
Tue, 14 Mar 2023US$129.8bUS$191.9bUS$24.4b6x5.3x0.7x
Thu, 09 Feb 2023US$135.8bUS$194.3bUS$27.1b5.5x5x0.7x
Price to Earnings Ratio

5x


Total Market Cap: US$135.8bTotal Earnings: US$27.1bTotal Revenue: US$194.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Steel Industry Price to Earnings3Y Average 20x202420252026
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 47.4x which is higher than its 3-year average PE of 20.0x.
  • 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 Market-0.23%
Materials-3.32%
Metals and Mining-6.81%
Steel-2.71%
Copper1.97%
Aluminum-7.10%
Precious Metals and Minerals-9.99%
Gold-11.28%
Diversified Metals and Mining-17.72%
Silver-29.14%
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$186.557.6%
+US$1.9b		45.8%PE23x
NUE NucorUS$180.961.9%
+US$755.2m		37.8%PE23.7x
CMC Commercial MetalsUS$80.385.6%
+US$472.5m		68.7%PE20.4x
SIM Grupo Simec. deUS$31.507.6%
+US$342.3m		42.2%PE31.7x
RS RelianceUS$332.061.7%
+US$292.3m		16.2%PE23.8x

Latest News

METC
US$18.64
Ramaco Resources
7D
-15.6%
1Y
97.2%
WS
US$42.24
Worthington Steel
7D
9.1%
1Y
50.1%
AMR
US$202.46
Alpha Metallurgical Resources
7D
-5.3%
1Y
12.3%
MTUS
US$20.59
Metallus
7D
5.9%
1Y
42.9%
CMC
US$80.38
Commercial Metals
7D
5.6%
1Y
68.7%
NUE
US$180.96
Nucor
7D
1.9%
1Y
37.8%

NUE: Tariff Policies And Capacity Additions Will Shape Future Pricing Power

Nucor’s implied analyst price target has edged up by about $3 to roughly $182, as analysts factor in refreshed steel price forecasts, tariff support for elevated pricing, and slightly adjusted expectations for long term revenue growth, margins, and future P/E multiples. Analyst Commentary Recent Street research on Nucor reflects a mix of optimism on pricing and market position, balanced by more cautious views on demand and rating resets.
STLD
US$186.55
Steel Dynamics
7D
7.6%
1Y
45.8%
RS
US$332.06
Reliance
7D
1.7%
1Y
16.2%

RS: Updated Return Assumptions And P/E Outlook Will Guide Future Per Share Returns

Analysts have nudged their fair value estimate for Reliance from ₹316.25 to ₹324.63, citing updated assumptions around revenue growth, profit margins, and future P/E expectations. Valuation Changes Fair Value: Revised slightly higher from ₹316.25 to ₹324.63, reflecting updated model inputs.
CLF
US$13.85
Cleveland-Cliffs
7D
-1.2%
1Y
42.2%

CLF: Tariff Support And Cost Pressures Will Shape Steel Outlook

Analysts have raised their blended price target on Cleveland-Cliffs to about $13.44, up from $12.45. This shift reflects updated views on revenue growth, profit margins, and future P/E assumptions, alongside mixed Street research that notes both tariff support for steel pricing and ongoing concerns about costs and valuation.
TX
US$42.98
Ternium
7D
1.4%
1Y
39.9%

TX: Higher Future P/E Will Likely Constrain Returns Despite Slight Margin Tweaks

Analysts have raised their price target on Ternium from US$30.00 to US$33.00, citing updated assumptions in their models for fair value, discount rate, revenue growth, profit margin, and a higher future P/E multiple. Valuation Changes Fair Value: Adjusted from US$30.00 to US$33.00, representing a modest upward revision in the estimated share value.
HCC
US$89.34
Warrior Met Coal
7D
-0.2%
1Y
72.9%
ASTL
US$4.23
Algoma Steel Group
7D
-1.4%
1Y
-48.2%
LUD
US$6.41
Luda Technology Group
7D
-28.8%
1Y
n/a
SIM
US$31.50
Grupo Simec. de
7D
7.6%
1Y
42.2%
AP
US$5.66
Ampco-Pittsburgh
7D
-3.9%
1Y
133.9%

Ampco-Pittsburgh (NYSE:AP) Takes On Some Risk With Its Use Of Debt

Dec 09
Ampco-Pittsburgh (NYSE:AP) Takes On Some Risk With Its Use Of Debt
ZKIN
US$1.63
ZK International Group
7D
-22.0%
1Y
-44.9%