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U.S. Steel Industry Analysis

UpdatedMar 06, 2026
DataAggregated Company Financials
Companies33
  • 7D-2.8%
  • 3M6.4%
  • 1Y30.4%
  • YTDn/a

Over the last 7 days, the Steel industry has dropped 2.8%, and Nucor contributed the most with a 2.0% decline. Meanwhile, SunCoke Energy actually outperformed within the industry, gaining 11% in the last week. Over the past 12 months, the industry was up 30%. As for the next few years, earnings are expected to grow by 28% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 06 Mar 2026US$125.6bUS$127.2bUS$2.6b22.2x48.9x1x
Sun, 01 Feb 2026US$129.9bUS$128.8bUS$2.7b22.7x47.4x1x
Tue, 30 Dec 2025US$122.0bUS$127.6bUS$2.2b22.7x55x1x
Thu, 27 Nov 2025US$113.7bUS$127.4bUS$2.3b20.9x49.5x0.9x
Sat, 25 Oct 2025US$106.2bUS$126.9bUS$2.4b18.8x44.6x0.8x
Mon, 22 Sep 2025US$115.0bUS$128.8bUS$2.6b19.5x43.8x0.9x
Wed, 20 Aug 2025US$113.2bUS$128.7bUS$2.6b18.3x43.2x0.9x
Fri, 18 Jul 2025US$113.3bUS$129.8bUS$2.9b20.5x38.5x0.9x
Sun, 15 Jun 2025US$118.1bUS$147.8bUS$2.8b20.3x42.5x0.8x
Tue, 13 May 2025US$110.8bUS$147.8bUS$2.8b21.3x40x0.7x
Thu, 10 Apr 2025US$104.2bUS$155.5bUS$5.6b17x18.7x0.7x
Sat, 08 Mar 2025US$121.1bUS$155.8bUS$5.7b15.8x21.2x0.8x
Mon, 03 Feb 2025US$123.6bUS$158.3bUS$6.5b14.5x18.9x0.8x
Wed, 01 Jan 2025US$117.5bUS$163.0bUS$7.7b13.1x15.2x0.7x
Fri, 29 Nov 2024US$145.6bUS$163.2bUS$7.7b17.1x19x0.9x
Sun, 27 Oct 2024US$133.4bUS$166.9bUS$7.9b12x16.8x0.8x
Tue, 24 Sep 2024US$132.3bUS$169.0bUS$9.3b11.4x14.3x0.8x
Thu, 22 Aug 2024US$130.4bUS$169.0bUS$9.3b11.8x14.1x0.8x
Sat, 20 Jul 2024US$144.8bUS$172.5bUS$12.5b11.8x11.6x0.8x
Mon, 17 Jun 2024US$134.7bUS$173.3bUS$13.1b11.4x10.3x0.8x
Wed, 15 May 2024US$147.7bUS$173.5bUS$13.1b12.5x11.2x0.9x
Fri, 12 Apr 2024US$159.8bUS$174.6bUS$14.0b11.4x11.4x0.9x
Sun, 10 Mar 2024US$154.5bUS$175.0bUS$14.2b12.8x10.9x0.9x
Tue, 06 Feb 2024US$148.0bUS$173.9bUS$14.1b12.2x10.5x0.9x
Thu, 04 Jan 2024US$147.3bUS$175.7bUS$14.9b14.8x9.9x0.8x
Sat, 02 Dec 2023US$142.3bUS$180.4bUS$15.1b13.6x9.4x0.8x
Mon, 30 Oct 2023US$127.0bUS$176.1bUS$16.1b8.7x7.9x0.7x
Wed, 27 Sep 2023US$130.7bUS$181.3bUS$17.4b8.3x7.5x0.7x
Fri, 25 Aug 2023US$133.3bUS$181.3bUS$17.4b8.5x7.7x0.7x
Sun, 23 Jul 2023US$132.6bUS$184.4bUS$19.5b9.3x6.8x0.7x
Tue, 20 Jun 2023US$124.1bUS$186.7bUS$20.4b8.9x6.1x0.7x
Thu, 18 May 2023US$116.8bUS$186.6bUS$20.4b9.1x5.7x0.6x
Sat, 15 Apr 2023US$124.9bUS$191.8bUS$24.2b6.7x5.2x0.7x
Mon, 13 Mar 2023US$132.5bUS$191.9bUS$24.4b6.2x5.4x0.7x
Price to Earnings Ratio

5.4x


Total Market Cap: US$132.5bTotal Earnings: US$24.4bTotal Revenue: US$191.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Steel Industry Price to Earnings3Y Average 21.3x202420252026
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 21.3x.
  • 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 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-1.24%
Materials-6.02%
Metals and Mining-8.91%
Steel-2.83%
Aluminum-2.47%
Diversified Metals and Mining-6.15%
Precious Metals and Minerals-7.88%
Copper-10.11%
Gold-10.41%
Silver-15.36%
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
SXC SunCoke EnergyUS$6.2710.6%
+US$50.8m		-30.3%PS0.3x
MTUS MetallusUS$17.812.9%
+US$21.3m		28.1%PS0.6x
HUDI Huadi International GroupUS$1.4629.2%
+US$4.7m		-7.3%PS0.3x
AMR Alpha Metallurgical ResourcesUS$169.050.6%
+US$1.8m		26.2%PS1x
SRL Scully RoyaltyUS$9.080.9%
+US$1.2m		17.0%PS5.3x

Latest News

AMR
US$169.05
Alpha Metallurgical Resources
7D
0.6%
1Y
26.2%

AMR: Buybacks And Shipment Outlook Will Balance Profit Headwinds And Fair Pricing

Analysts have trimmed their price target for Alpha Metallurgical Resources from $204 to $185, reflecting updated assumptions around the discount rate, revenue growth, profit margins, and future P/E expectations. What's in the News Completed share repurchase of 113,000 shares between October 1, 2025 and December 31, 2025, representing 0.87% of shares for US$20 million, as part of the buyback program announced on March 7, 2022 (Key Developments).
NUE
US$172.10
Nucor
7D
-2.0%
1Y
30.4%
CMC
US$68.27
Commercial Metals
7D
-8.9%
1Y
47.0%

CMC: Share Repurchases And Higher P/E Assumptions Will Shape Fair Value Outlook

Analysts have raised their price target on Commercial Metals from $66.00 to approximately $69.02, citing updated assumptions related to discount rates, revenue growth, profit margins and future P/E levels. What's in the News From October 1, 2025 to November 30, 2025, Commercial Metals repurchased 663,220 shares for $38.9 million, representing 0.6% of its shares.
WS
US$38.47
Worthington Steel
7D
-11.4%
1Y
44.5%
HCC
US$79.33
Warrior Met Coal
7D
-6.3%
1Y
64.4%

HCC: New Mine Completion And Higher Expectations Will Likely Constrain Future Upside

Analysts have lifted their average price target on Warrior Met Coal by $28, supported by recent upgrades and higher targets from several firms citing updated expectations for the business and its valuation multiple. Analyst Commentary Recent research updates on Warrior Met Coal have generally come with higher price targets, but not all of the commentary has been upbeat.
STLD
US$189.98
Steel Dynamics
7D
-1.3%
1Y
51.7%
SXC
US$6.27
SunCoke Energy
7D
10.6%
1Y
-30.3%
MTUS
US$17.81
Metallus
7D
2.9%
1Y
28.1%

MTUS: Tentative Labor Agreement And Buybacks Will Underpin Balanced 2026 Outlook

Analysts have revised their price target on Metallus from $20.50 to $18.00, reflecting updated assumptions on revenue growth, profit margins, and future P/E multiples that point to a more reserved outlook for the shares. What's in the News From October 1, 2025 to December 31, 2025, Metallus repurchased 70,701 shares, representing 0.17% of shares, for $1.21 million under its existing buyback program.
RS
US$311.15
Reliance
7D
-1.6%
1Y
9.8%
CLF
US$10.68
Cleveland-Cliffs
7D
-3.3%
1Y
6.2%
TX
US$40.11
Ternium
7D
-7.3%
1Y
30.1%

TX: Higher Required Return And Earnings Multiple Will Shape Balanced Outlook

Analysts now see Ternium's fair value at about $39.88 per share, up from roughly $36.81. This reflects updated views on its discount rate, revenue growth, profit margins and future P/E assumptions.
ZKIN
US$1.32
ZK International Group
7D
2.3%
1Y
-10.8%
HUDI
US$1.46
Huadi International Group
7D
29.2%
1Y
-7.3%
SRL
US$9.08
Scully Royalty
7D
0.9%
1Y
17.0%