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U.S. Steel Industry Analysis

UpdatedJan 16, 2026
DataAggregated Company Financials
Companies33
  • 7D4.9%
  • 3M23.3%
  • 1Y36.1%
  • YTDn/a

Over the last 7 days, the Steel industry has risen 4.9%, driven by gains from Nucor of 4.1%. In the last 12 months, the industry was up 36%. Earnings are forecast to grow by 37% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 16 Jan 2026US$127.6bUS$127.6bUS$2.6b22.9x49.1x1x
Sun, 14 Dec 2025US$119.9bUS$127.4bUS$2.2b22.6x54.6x0.9x
Tue, 11 Nov 2025US$106.7bUS$127.3bUS$2.3b19.6x46.6x0.8x
Thu, 09 Oct 2025US$104.7bUS$125.9bUS$2.3b18.8x46.2x0.8x
Sat, 06 Sep 2025US$114.9bUS$128.7bUS$2.6b18.9x43.8x0.9x
Mon, 04 Aug 2025US$109.6bUS$129.1bUS$2.7b18.4x40x0.8x
Wed, 02 Jul 2025US$110.4bUS$132.5bUS$2.7b20.3x41.6x0.8x
Fri, 30 May 2025US$111.7bUS$147.8bUS$2.8b19.9x40.3x0.8x
Sun, 27 Apr 2025US$117.7bUS$155.3bUS$5.2b19.5x22.5x0.8x
Tue, 25 Mar 2025US$118.1bUS$155.5bUS$5.6b17.4x21.1x0.8x
Thu, 20 Feb 2025US$129.0bUS$158.4bUS$6.4b15.4x20.1x0.8x
Sat, 18 Jan 2025US$123.3bUS$160.3bUS$7.2b13.1x17.2x0.8x
Mon, 16 Dec 2024US$127.2bUS$163.2bUS$7.7b15.2x16.4x0.8x
Wed, 13 Nov 2024US$148.0bUS$163.8bUS$7.7b16.9x19.2x0.9x
Fri, 11 Oct 2024US$136.2bUS$168.9bUS$9.2b11.9x14.8x0.8x
Sun, 08 Sep 2024US$122.9bUS$168.9bUS$9.2b11x13.3x0.7x
Tue, 06 Aug 2024US$135.9bUS$169.1bUS$9.6b10.9x14.2x0.8x
Thu, 04 Jul 2024US$140.0bUS$173.0bUS$12.8b11x10.9x0.8x
Sat, 01 Jun 2024US$147.0bUS$173.5bUS$13.2b13.1x11.2x0.8x
Mon, 29 Apr 2024US$147.3bUS$174.0bUS$13.4b11.3x11x0.8x
Wed, 27 Mar 2024US$157.4bUS$174.9bUS$14.1b11.4x11.2x0.9x
Fri, 23 Feb 2024US$151.8bUS$174.8bUS$14.1b12.4x10.8x0.9x
Sun, 21 Jan 2024US$143.5bUS$175.6bUS$14.8b15.7x9.7x0.8x
Tue, 19 Dec 2023US$143.0bUS$175.8bUS$14.8b12.3x9.6x0.8x
Thu, 16 Nov 2023US$133.8bUS$177.0bUS$15.0b14.1x8.9x0.8x
Sat, 14 Oct 2023US$127.4bUS$180.7bUS$17.3b8.2x7.4x0.7x
Mon, 11 Sep 2023US$134.3bUS$181.3bUS$17.4b8.2x7.7x0.7x
Wed, 09 Aug 2023US$135.4bUS$181.4bUS$17.6b8.7x7.7x0.7x
Fri, 07 Jul 2023US$129.0bUS$185.9bUS$20.1b8.4x6.4x0.7x
Sun, 04 Jun 2023US$118.2bUS$186.6bUS$20.4b8.8x5.8x0.6x
Tue, 02 May 2023US$122.2bUS$186.8bUS$20.6b7.5x5.9x0.7x
Thu, 30 Mar 2023US$126.9bUS$191.8bUS$24.3b6.9x5.2x0.7x
Sat, 25 Feb 2023US$134.1bUS$192.0bUS$24.6b5.4x5.5x0.7x
Mon, 23 Jan 2023US$128.4bUS$197.1bUS$29.3b4.6x4.4x0.7x
Price to Earnings Ratio

4.4x


Total Market Cap: US$128.4bTotal Earnings: US$29.3bTotal Revenue: US$197.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Steel Industry Price to Earnings3Y Average 19.3x202420252026
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 49.1x which is higher than its 3-year average PE of 19.3x.
  • The industry is trading close to its 3-year average PS ratio of 0.79x.
Past Earnings Growth
  • The earnings for companies in the Steel industry have declined 55% 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 Market0.31%
Materials4.64%
Metals and Mining8.19%
Steel4.94%
Silver19.89%
Copper12.69%
Gold7.76%
Aluminum6.87%
Precious Metals and Minerals2.50%
Diversified Metals and Mining-3.36%
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
NUE NucorUS$174.794.1%
+US$1.6b		41.7%PE24.3x
CLF Cleveland-CliffsUS$14.3016.6%
+US$1.3b		37.2%PS0.5x
RS RelianceUS$322.554.8%
+US$768.1m		13.5%PE23.2x
CMC Commercial MetalsUS$75.807.4%
+US$575.6m		49.0%PE19.2x
STLD Steel DynamicsUS$175.111.7%
+US$430.8m		40.1%PE22.7x

Latest News

CLF
US$14.30
Cleveland-Cliffs
7D
16.6%
1Y
37.2%
HCC
US$102.44
Warrior Met Coal
7D
7.1%
1Y
88.4%
CMC
US$75.80
Commercial Metals
7D
7.4%
1Y
49.0%
RS
US$322.55
Reliance
7D
4.8%
1Y
13.5%

RS: Completed Buybacks And Steady Assumptions Will Support Future Per Share Returns

Analysts have lifted their fair value estimate for Reliance from ₹315.63 to ₹316.25, citing updated assumptions on the discount rate, revenue growth, profit margin and future P/E as the main drivers of the change. What's in the News Reliance reported that from July 1, 2025 to September 30, 2025, it repurchased 211,873 shares for US$60.9 million, accounting for 0.4% of the buyback program.
NUE
US$174.79
Nucor
7D
4.1%
1Y
41.7%

NUE: Steel Pricing, Tariffs And Capacity Shifts Will Shape Future Returns

The analyst price target for Nucor has moved modestly higher to about $180. This reflects updated views that combine firmer steel pricing, a relatively muted demand outlook, and ongoing adjustments to long term valuation inputs such as discount rate, revenue growth, profit margin, and future P/E assumptions.
TX
US$41.90
Ternium
7D
3.8%
1Y
44.5%

TX: Future P/E And Softer Margins Will Likely Pressure Returns

Analysts have modestly adjusted their price target on Ternium, keeping fair value at $30.00 while fine tuning underlying assumptions such as a slightly lower discount rate, a higher revenue growth outlook, a marginally softer profit margin, and a slightly higher future P/E. Together, these changes refine rather than overhaul their view of the stock.
AMR
US$249.65
Alpha Metallurgical Resources
7D
8.1%
1Y
31.3%

AMR: Rich Valuation Will Face Pressure From Tightened Metallurgical Shipment Outlook

Analysts have kept their average price target for Alpha Metallurgical Resources effectively unchanged at about $184.50, citing only minor model tweaks to the discount rate, revenue growth, profit margin, and future P/E assumptions rather than any shift in their overall view of the stock. What's in the News Alpha Metallurgical Resources issued 2026 operational guidance, projecting total coal shipments between 15.1 million and 16.5 million tons.
STLD
US$175.11
Steel Dynamics
7D
1.7%
1Y
40.1%

STLD: Tariff Policy And Demand Rebound Will Shape Balanced Return Outlook

Analysts have lifted their fair value estimate for Steel Dynamics to about $183 per share from roughly $181, noting updated price targets from US$165 to US$185 and refreshed models that factor in a mixed demand backdrop across North America, China, the U.S. and Europe. Analyst Commentary Recent Street research on Steel Dynamics reflects a mix of optimism and caution, with several firms updating price targets and ratings as they incorporate new macro views and refreshed models.
MSB
US$40.64
Mesabi Trust
7D
-1.2%
1Y
41.7%
INHD
US$1.49
Inno Holdings
7D
-4.5%
1Y
-98.8%
ZKIN
US$1.60
ZK International Group
7D
-0.6%
1Y
-59.9%