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U.S. Steel Industry Analysis

UpdatedJul 25, 2026
DataAggregated Company Financials
Companies32
  • 7D4.5%
  • 3M9.9%
  • 1Y47.3%
  • YTDn/a

Over the last 7 days, the Steel industry has risen 4.5%, driven by gains from Nucor of 4.6%. Meanwhile, Grupo Simec. de actually underperformed within the industry, shrinking 11% in the last week. In the last 12 months, the industry was up 47%. Looking forward, earnings are forecast to grow by 22% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 25 Jul 2026US$150.7bUS$134.8bUS$4.3b25.2x34.7x1.1x
Mon, 22 Jun 2026US$155.5bUS$131.5bUS$3.7b24.5x41.9x1.2x
Wed, 20 May 2026US$144.0bUS$131.4bUS$3.7b23.1x39.1x1.1x
Fri, 17 Apr 2026US$127.5bUS$127.6bUS$2.4b22.8x52.7x1x
Sun, 15 Mar 2026US$114.3bUS$127.1bUS$2.4b20.8x47.3x0.9x
Tue, 10 Feb 2026US$139.8bUS$128.8bUS$2.7b25.1x51x1.1x
Thu, 08 Jan 2026US$124.0bUS$127.4bUS$2.2b22.3x55.3x1x
Sat, 06 Dec 2025US$118.5bUS$127.4bUS$2.3b21x51.7x0.9x
Mon, 03 Nov 2025US$109.9bUS$127.3bUS$2.3b20.3x48x0.9x
Wed, 01 Oct 2025US$115.3bUS$128.8bUS$2.6b19.4x43.7x0.9x
Fri, 29 Aug 2025US$116.3bUS$128.7bUS$2.6b18.5x44.4x0.9x
Sun, 27 Jul 2025US$116.9bUS$129.6bUS$2.3b20.2x50.8x0.9x
Tue, 24 Jun 2025US$106.5bUS$132.5bUS$2.6b19.5x40.4x0.8x
Thu, 22 May 2025US$113.3bUS$147.8bUS$2.8b20.1x40.8x0.8x
Sat, 19 Apr 2025US$111.0bUS$155.6bUS$5.6b16.8x19.8x0.7x
Mon, 17 Mar 2025US$121.9bUS$155.7bUS$5.7b17.1x21.4x0.8x
Wed, 12 Feb 2025US$129.0bUS$158.4bUS$6.5b15.4x19.7x0.8x
Fri, 10 Jan 2025US$119.3bUS$162.9bUS$7.4b13.5x16.2x0.7x
Sun, 08 Dec 2024US$138.2bUS$163.2bUS$7.7b15.7x18x0.8x
Tue, 05 Nov 2024US$134.7bUS$166.0bUS$7.7b14.1x17.6x0.8x
Thu, 03 Oct 2024US$136.4bUS$168.9bUS$9.2b11.9x14.8x0.8x
Sat, 31 Aug 2024US$133.7bUS$169.0bUS$9.3b11.9x14.4x0.8x
Mon, 29 Jul 2024US$145.4bUS$169.7bUS$11.3b12.3x12.9x0.9x
Wed, 26 Jun 2024US$136.2bUS$173.1bUS$13.1b10.9x10.4x0.8x
Fri, 24 May 2024US$148.0bUS$173.5bUS$13.2b12.9x11.2x0.9x
Sun, 21 Apr 2024US$154.3bUS$174.5bUS$14.0b10.8x11x0.9x
Tue, 19 Mar 2024US$152.1bUS$175.0bUS$14.1b11.8x10.7x0.9x
Thu, 15 Feb 2024US$146.5bUS$174.0bUS$14.1b12.7x10.4x0.8x
Sat, 13 Jan 2024US$144.4bUS$175.6bUS$14.8b15.9x9.8x0.8x
Mon, 11 Dec 2023US$134.7bUS$175.7bUS$14.8b12.4x9.1x0.8x
Wed, 08 Nov 2023US$133.1bUS$176.9bUS$15.0b11.7x8.9x0.8x
Fri, 06 Oct 2023US$131.2bUS$180.9bUS$17.4b8.5x7.5x0.7x
Sun, 03 Sep 2023US$140.1bUS$181.3bUS$17.4b9x8.1x0.8x
Tue, 01 Aug 2023US$138.7bUS$180.0bUS$17.5b9.8x7.9x0.8x
Price to Earnings Ratio

7.9x


Total Market Cap: US$138.7bTotal Earnings: US$17.5bTotal Revenue: US$180.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Steel Industry Price to Earnings3Y Average 26.2x202420252026
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 34.7x which is higher than its 3-year average PE of 26.2x.
  • The 3-year average PS ratio of 0.86x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the Steel industry have declined 37% per year over the last three years,
  • Revenues have also declined 9.2% 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-1.06%
Materials1.74%
Metals and Mining4.37%
Steel4.45%
Copper5.16%
Silver5.00%
Gold4.82%
Aluminum3.35%
Diversified Metals and Mining-2.35%
Precious Metals and Minerals-6.02%
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$247.564.6%
+US$2.5b		69.8%PE24.3x
STLD Steel DynamicsUS$247.114.9%
+US$1.7b		88.9%PE22.2x
CLF Cleveland-CliffsUS$11.9328.6%
+US$1.5b		4.3%PS0.4x
RS RelianceUS$407.833.0%
+US$609.3m		33.2%PE23.3x
TX TerniumUS$47.305.8%
+US$510.4m		48.7%PE16.3x

Latest News

CLF
US$11.93
Cleveland-Cliffs
7D
28.6%
1Y
4.3%
RS
US$407.83
Reliance
7D
3.0%
1Y
33.2%
Seeking Alpha • Jul 24

Reliance: A Confident Hold, Despite Margin And Product Mix Concerns

Summary Reliance benefits from US steel tariffs and booming data center construction, driving strong top-line growth and volume-driven earnings. I rate RS a Hold due to elevated valuation above sector averages and a shift toward lower-margin, commoditized products impacting gross margins. Gross margin contraction (down 100 bps YoY) reflects a product mix moving away from high-ticket items like aluminum to cheaper carbon steel. RS's growth is heavily reliant on tariff-induced pricing; removal of tariffs could sharply reduce revenues and earnings. Read the full article on Seeking Alpha
STLD
US$247.11
Steel Dynamics
7D
4.9%
1Y
88.9%
Narrative Update • Jul 22

STLD: Tight Supply And Record Shipments Will Support Earnings Power

Analysts have lifted the Steel Dynamics fair value estimate by $55 to $310, reflecting updated views on sector pricing, tighter supply conditions, and company margins, even as some Street price targets on the stock have recently been trimmed or reset. Analyst Commentary Recent Street commentary around Steel Dynamics highlights a mixed but generally constructive backdrop, with several firms fine tuning price targets and earnings expectations ahead of upcoming quarters.
AMR
US$142.94
Alpha Metallurgical Resources
7D
-0.6%
1Y
6.4%
Narrative Update • Jul 21

AMR: Net Cash Strength And Free Cash Flow Will Shape Balanced Risk Reward Profile

Analysts have trimmed their price outlook for Alpha Metallurgical Resources, cutting the implied fair value from about $194.50 to roughly $174.67 as they update assumptions around discount rates, revenue growth, profit margins, and future P/E expectations. What’s in the News for Alpha Metallurgical Resources UBS highlighted Alpha Metallurgical Resources stock as offering a balanced risk reward profile, citing an attractive valuation relative to steel sector peers, a robust net cash position, shareholder returns, and free cash flow (source: UBS).
METC
US$10.35
Ramaco Resources
7D
-11.2%
1Y
-54.1%
Narrative Update • Jul 20

METC: Brook Mine Minerals Will Drive Future Cash Generation Despite Sector Headwinds

The Ramaco Resources analyst price target in this framework moves from $16.00 to $13.00 as analysts recalibrate expectations following Q1 updates. The sector view currently favors copper, precious metals, and other commodities over coal exposure.
SRL
US$5.04
Scully Royalty
7D
-5.0%
1Y
-17.9%
MSB
US$22.50
Mesabi Trust
7D
-7.8%
1Y
-23.3%
NUE
US$247.56
Nucor
7D
4.6%
1Y
69.8%
Narrative Update • Jul 16

NUE: Tight Steel Supply And Higher P E Assumptions Will Shape Returns

Nucor's updated analyst price target rises from about $189 to $234, reflecting analysts' focus on higher modeled revenue growth, a richer future P/E assumption, and continued support from recent price target revisions across the Street. Analyst Commentary Recent research on Nucor shows a mix of optimism on long term steel pricing and demand, paired with pockets of caution around valuation, earnings quality, and how much good news is already reflected in the stock.
CMC
US$68.95
Commercial Metals
7D
3.8%
1Y
29.3%
Narrative Update • Jul 15

CMC: Higher Margins And Buybacks Will Likely Support Upside From Here

Analysts have raised their fair value estimate for Commercial Metals to $75.00 from $68.00, citing updated assumptions for the discount rate, revenue growth, profit margin, and future P/E that collectively support a higher price target. What’s in the News for Commercial Metals Commercial Metals CEO Peter R.
MTUS
US$20.97
Metallus
7D
8.2%
1Y
23.4%
TX
US$47.30
Ternium
7D
5.8%
1Y
48.7%
Narrative Update • Jul 08

TX: Higher Fair Value And Dividend Reset Will Support Bullish Outlook

Analysts have raised their price target on Ternium to $53.12 from $43.46, citing updated assumptions of 6.24% revenue growth, a 7.89% profit margin, and a future P/E of 9.18, which together reshape their view of the stock’s fair value profile. What’s in the News for Ternium Ternium is drawing attention as some analysts describe the stock as undervalued, citing valuation tools such as Discounted Cash Flow, P/E, and PEG ratios that they view as supportive of a lower implied valuation than industry peers, according to recent coverage.
RYZ
US$30.79
Ryerson Holding
7D
4.0%
1Y
35.9%
LUD
US$4.09
Luda Technology Group
7D
-2.9%
1Y
-27.4%
HLP
US$1.12
Hongli Group
7D
-4.3%
1Y
68.8%
SIM
US$26.51
Grupo Simec. de
7D
-11.2%
1Y
-5.2%
ZKIN
US$1.36
ZK International Group
7D
-2.2%
1Y
-43.6%