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U.S. Steel Industry Analysis

UpdatedJan 27, 2026
DataAggregated Company Financials
Companies34
  • 7D-0.1%
  • 3M13.2%
  • 1Y36.6%
  • YTDn/a

In the last week, the Steel industry is flat overall, with Warrior Met Coal standing out by going down 11%. The past year has been better, since the industry has gained 37% in that time. 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
Wed, 28 Jan 2026US$133.2bUS$128.2bUS$2.7b22.4x50.2x1x
Fri, 26 Dec 2025US$122.5bUS$127.6bUS$2.2b22.9x55.2x1x
Sun, 23 Nov 2025US$110.3bUS$127.3bUS$2.3b20.1x48x0.9x
Tue, 21 Oct 2025US$107.7bUS$126.2bUS$2.3b18.2x46.6x0.9x
Thu, 18 Sep 2025US$117.2bUS$128.8bUS$2.6b19.3x44.6x0.9x
Sat, 16 Aug 2025US$114.3bUS$128.7bUS$2.6b18.1x43.7x0.9x
Mon, 14 Jul 2025US$116.7bUS$129.8bUS$2.9b20.8x39.6x0.9x
Wed, 11 Jun 2025US$119.2bUS$147.8bUS$2.8b21.2x42.9x0.8x
Fri, 09 May 2025US$111.2bUS$148.2bUS$3.0b20.2x37.6x0.8x
Sun, 06 Apr 2025US$103.8bUS$155.5bUS$5.6b16x18.6x0.7x
Tue, 04 Mar 2025US$126.8bUS$155.7bUS$5.7b15.8x22.3x0.8x
Thu, 30 Jan 2025US$124.4bUS$159.0bUS$6.5b13.7x19.1x0.8x
Sat, 28 Dec 2024US$119.8bUS$163.1bUS$7.8b13.6x15.4x0.7x
Mon, 25 Nov 2024US$144.3bUS$163.2bUS$7.7b17x18.8x0.9x
Wed, 23 Oct 2024US$139.0bUS$167.0bUS$8.0b12.1x17.4x0.8x
Fri, 20 Sep 2024US$128.4bUS$169.0bUS$9.3b12x13.9x0.8x
Sun, 18 Aug 2024US$132.8bUS$169.0bUS$9.3b11.9x14.3x0.8x
Tue, 16 Jul 2024US$142.9bUS$173.0bUS$12.8b11.5x11.1x0.8x
Thu, 13 Jun 2024US$137.2bUS$173.3bUS$13.1b11.9x10.5x0.8x
Sat, 11 May 2024US$148.3bUS$173.5bUS$13.1b12.2x11.3x0.9x
Mon, 08 Apr 2024US$160.7bUS$174.7bUS$14.0b11.6x11.5x0.9x
Wed, 06 Mar 2024US$153.6bUS$174.9bUS$14.1b12.6x10.9x0.9x
Fri, 02 Feb 2024US$150.3bUS$174.1bUS$14.3b12.4x10.5x0.9x
Sun, 31 Dec 2023US$148.0bUS$175.8bUS$14.9b12.9x10x0.8x
Tue, 28 Nov 2023US$135.1bUS$177.0bUS$15.0b13.7x9x0.8x
Thu, 26 Oct 2023US$124.6bUS$179.6bUS$17.1b8.5x7.3x0.7x
Sat, 23 Sep 2023US$130.7bUS$181.3bUS$17.4b8.5x7.5x0.7x
Mon, 21 Aug 2023US$135.9bUS$181.3bUS$17.4b8.8x7.8x0.7x
Wed, 19 Jul 2023US$137.2bUS$186.0bUS$20.1b9.4x6.8x0.7x
Fri, 16 Jun 2023US$124.2bUS$186.7bUS$20.4b8.9x6.1x0.7x
Sun, 14 May 2023US$115.6bUS$186.6bUS$20.4b8.4x5.7x0.6x
Tue, 11 Apr 2023US$124.6bUS$191.8bUS$24.2b6.9x5.1x0.6x
Thu, 09 Mar 2023US$142.9bUS$192.0bUS$24.5b6.8x5.8x0.7x
Sat, 04 Feb 2023US$141.5bUS$195.1bUS$27.9b5.8x5.1x0.7x
Price to Earnings Ratio

5.1x


Total Market Cap: US$141.5bTotal Earnings: US$27.9bTotal Revenue: US$195.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Steel Industry Price to Earnings3Y Average 19.8x202420252026
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 50.2x which is higher than its 3-year average PE of 19.8x.
  • 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 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 Market0.12%
Materials3.20%
Metals and Mining5.73%
Steel-0.13%
Silver12.88%
Gold10.16%
Copper4.15%
Precious Metals and Minerals2.27%
Diversified Metals and Mining0.45%
Aluminum-2.50%
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$175.652.2%
+US$560.8m		38.3%PE21.6x
RS RelianceUS$327.231.5%
+US$260.9m		11.8%PE23.5x
TX TerniumUS$43.382.5%
+US$206.1m		48.9%PE14.6x
CLF Cleveland-CliffsUS$14.271.6%
+US$141.8m		40.9%PS0.5x
CMC Commercial MetalsUS$76.501.6%
+US$130.9m		52.0%PE19.4x

Latest News

NUE
US$173.58
Nucor
7D
-0.5%
1Y
37.2%
STLD
US$175.65
Steel Dynamics
7D
2.2%
1Y
38.3%
MSB
US$34.14
Mesabi Trust
7D
-4.3%
1Y
-1.8%
RS
US$327.23
Reliance
7D
1.5%
1Y
11.8%

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.
RYI
US$27.88
Ryerson Holding
7D
-3.2%
1Y
24.6%
METC
US$22.96
Ramaco Resources
7D
2.9%
1Y
142.4%

METC: Rare Earths Execution Risk Will Constrain Returns Versus Coal Operations

Analysts have adjusted their price target on Ramaco Resources to US$16.00. This reflects updated views on discount rate, revenue growth, profit margin, and future P/E assumptions informed by recent Street research.
CLF
US$14.27
Cleveland-Cliffs
7D
1.6%
1Y
40.9%

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.
WS
US$38.95
Worthington Steel
7D
-1.4%
1Y
29.5%

WS: Higher Future P/E Will Balance Impairment Charge And Margin Headwinds

Analysts have raised their price target on Worthington Steel to reflect an updated fair value of $41.00, supported by slightly adjusted assumptions for the discount rate, revenue growth, profit margin, and a higher future P/E multiple. What's in the News Worthington Steel, Inc.
SXC
US$8.08
SunCoke Energy
7D
3.5%
1Y
-18.5%

SXC: Phoenix Integration Synergies Will Support Future Industrial Services EBITDA

Analysts have trimmed their 12 month price target on SunCoke Energy to US$10 from US$11, citing strong Q3 adjusted EBITDA of US$59.1m and higher 2025 EBITDA guidance supported by Phoenix Global contributions and expected synergies, partly weighed against softer logistics and Domestic Coke volumes and anticipated one time integration costs. Analyst Commentary Bullish Takeaways Bullish analysts highlight Q3 adjusted EBITDA of US$59.1m as a positive data point for execution, especially since it exceeded prior estimates.
TX
US$43.38
Ternium
7D
2.5%
1Y
48.9%

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$92.38
Warrior Met Coal
7D
-6.7%
1Y
77.0%
AMR
US$221.33
Alpha Metallurgical Resources
7D
-5.0%
1Y
19.9%

AMR: Rising Shipment Guidance And Buybacks Will Mask Overvaluation Risk

Analysts now see fair value for Alpha Metallurgical Resources at US$204.00, up from US$110.00, citing updated assumptions for revenue growth, profit margins, a slightly higher future P/E multiple, and an increased discount rate. What's in the News Issued 2026 operational guidance, with expected shipments of 14.4 million to 15.4 million metallurgical tons plus 0.7 million to 1.1 million tons of incidental thermal coal, for a total range of 15.1 million to 16.5 million tons for the year (company guidance).
CMC
US$76.50
Commercial Metals
7D
1.6%
1Y
52.0%

CMC: Ongoing Buybacks And Updated Assumptions Will Shape A Balanced Outlook

Analysts now see fair value for Commercial Metals at US$79.90, up from US$74.00, citing updated views on revenue growth, profit margins, discount rate assumptions, and a lower projected future P/E multiple. What's in the News Commercial Metals reported repurchasing 663,220 shares between October 1, 2025 and November 30, 2025 for US$38.9 million, representing 0.6% of its shares.
ASTL
US$4.56
Algoma Steel Group
7D
12.6%
1Y
-46.1%
ZEUS
US$47.51
Olympic Steel
7D
-3.4%
1Y
32.7%
LUD
US$8.47
Luda Technology Group
7D
-8.8%
1Y
n/a