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U.S. Steel Industry Analysis

UpdatedFeb 19, 2026
DataAggregated Company Financials
Companies34
  • 7D-6.1%
  • 3M22.7%
  • 1Y29.4%
  • YTDn/a

Over the last 7 days, the Steel industry has dropped 4.7%, driven by Nucor declining 4.3%. On the other hand Scully Royalty is actually up 13%. This takes the industry's 12 month performance to a gain of 27%. As for the next few years, earnings are expected to grow by 30% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 19 Feb 2026US$130.1bUS$127.1bUS$2.9b23.9x45.6x1x
Sat, 17 Jan 2026US$129.9bUS$127.6bUS$2.6b22.9x50x1x
Mon, 15 Dec 2025US$119.9bUS$127.4bUS$2.2b22.6x54.6x0.9x
Wed, 12 Nov 2025US$106.1bUS$127.3bUS$2.3b19.6x46.3x0.8x
Fri, 10 Oct 2025US$106.9bUS$125.9bUS$2.3b18.7x47.1x0.8x
Sun, 07 Sep 2025US$114.9bUS$128.7bUS$2.6b18.9x43.8x0.9x
Tue, 05 Aug 2025US$109.6bUS$129.1bUS$2.7b18.4x40x0.8x
Thu, 03 Jul 2025US$111.5bUS$132.6bUS$2.8b20.7x39.3x0.8x
Sat, 31 May 2025US$110.8bUS$147.8bUS$2.8b19.7x40.1x0.7x
Mon, 28 Apr 2025US$117.7bUS$155.3bUS$5.2b19.5x22.5x0.8x
Wed, 26 Mar 2025US$121.8bUS$155.5bUS$5.6b17.7x21.8x0.8x
Fri, 21 Feb 2025US$130.7bUS$157.1bUS$6.1b15.4x21.4x0.8x
Sun, 19 Jan 2025US$124.2bUS$160.3bUS$7.2b13.1x17.3x0.8x
Tue, 17 Dec 2024US$127.2bUS$163.2bUS$7.7b14.9x16.4x0.8x
Thu, 14 Nov 2024US$144.7bUS$163.8bUS$7.7b16.7x18.8x0.9x
Sat, 12 Oct 2024US$135.8bUS$168.9bUS$9.2b12x14.7x0.8x
Mon, 09 Sep 2024US$122.9bUS$168.9bUS$9.2b11x13.3x0.7x
Wed, 07 Aug 2024US$133.8bUS$169.1bUS$9.4b11.1x14.2x0.8x
Fri, 05 Jul 2024US$140.0bUS$173.0bUS$12.8b11x10.9x0.8x
Sun, 02 Jun 2024US$148.3bUS$173.5bUS$13.2b13.1x11.3x0.9x
Tue, 30 Apr 2024US$147.3bUS$174.1bUS$13.5b11.7x10.9x0.8x
Thu, 28 Mar 2024US$160.5bUS$174.9bUS$14.1b11.5x11.4x0.9x
Sat, 24 Feb 2024US$155.3bUS$173.4bUS$13.7b13.9x11.3x0.9x
Mon, 22 Jan 2024US$143.4bUS$175.6bUS$14.8b15.7x9.7x0.8x
Wed, 20 Dec 2023US$149.7bUS$175.8bUS$14.8b13x10.1x0.9x
Fri, 17 Nov 2023US$133.5bUS$177.0bUS$15.0b14.1x8.9x0.8x
Sun, 15 Oct 2023US$127.4bUS$180.7bUS$17.3b8.2x7.4x0.7x
Tue, 12 Sep 2023US$133.0bUS$181.3bUS$17.4b8.2x7.7x0.7x
Thu, 10 Aug 2023US$134.8bUS$181.4bUS$17.5b8.6x7.7x0.7x
Sat, 08 Jul 2023US$131.0bUS$185.9bUS$20.1b8.5x6.5x0.7x
Mon, 05 Jun 2023US$118.2bUS$186.6bUS$20.4b8.8x5.8x0.6x
Wed, 03 May 2023US$121.9bUS$186.4bUS$20.5b7.4x5.9x0.7x
Fri, 31 Mar 2023US$127.6bUS$191.8bUS$24.3b7x5.3x0.7x
Sun, 26 Feb 2023US$134.1bUS$192.0bUS$24.6b5.4x5.5x0.7x
Price to Earnings Ratio

5.5x


Total Market Cap: US$134.1bTotal Earnings: US$24.6bTotal Revenue: US$192.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Steel Industry Price to Earnings3Y Average 20.7x202420252026
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 45.8x which is higher than its 3-year average PE of 20.6x.
  • 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 51% 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-0.74%
Materials-1.60%
Metals and Mining-3.39%
Steel-6.06%
Diversified Metals and Mining-0.074%
Gold-0.72%
Precious Metals and Minerals-1.92%
Aluminum-3.82%
Copper-5.91%
Silver-7.19%
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
SRL Scully RoyaltyUS$9.9710.8%
+US$14.8m		22.6%PS5.8x
HLP Hongli GroupUS$1.090.9%
+US$741.7k		-19.3%PE79.2x
HUDI Huadi International GroupUS$1.172.6%
+US$424.7k		-28.4%PS0.3x

Latest News

CLF
US$10.55
Cleveland-Cliffs
7D
-15.5%
1Y
-11.0%
TX
US$43.64
Ternium
7D
-3.6%
1Y
44.9%
CMC
US$78.69
Commercial Metals
7D
-5.4%
1Y
52.3%

CMC: Share Repurchases And Higher P/E Assumptions Will Signal Overvaluation

Analysts have raised their price target on Commercial Metals from $41.00 to $66.00, citing updated assumptions for revenue growth, profit margins, the discount rate, and a higher future P/E multiple. What's in the News From October 1, 2025 to November 30, 2025, Commercial Metals repurchased 663,220 shares for $38.9 million, accounting for 0.6% of its shares.
NUE
US$184.54
Nucor
7D
-5.1%
1Y
32.0%
RYI
US$23.54
Ryerson Holding
7D
-20.8%
1Y
2.4%
RS
US$336.44
Reliance
7D
-6.6%
1Y
14.6%

RS: Steady Fair Value And Refined Discount Rate Will Shape Future Returns

Analysts have made a small adjustment to their price target for Reliance, keeping fair value steady at $324.63 while fine tuning inputs such as the discount rate, long term revenue growth, profit margin, and future P/E to reflect updated assumptions. Valuation Changes Fair Value: $324.63 remains unchanged, indicating no shift in the overall valuation output.
WS
US$43.98
Worthington Steel
7D
-9.2%
1Y
51.8%

WS: Higher Future P/E Will Offset Localized Impairment While Keeping Outlook Balanced

Analysts have revised their price target on Worthington Steel to $47 from $41, citing updated fair value assumptions, a slightly lower discount rate, and a higher future P/E multiple in their models. What's in the News Worthington Steel, Inc.
HLP
US$1.09
Hongli Group
7D
0.9%
1Y
-19.3%

Subdued Growth No Barrier To Hongli Group Inc. (NASDAQ:HLP) With Shares Advancing 34%

Feb 06
Subdued Growth No Barrier To Hongli Group Inc. (NASDAQ:HLP) With Shares Advancing 34%
STLD
US$192.74
Steel Dynamics
7D
-6.3%
1Y
40.9%

STLD: Tariff Support And 2026 Outlook Will Balance Capacity And Acquisition Risks

Narrative Update The analyst price target for Steel Dynamics shifts slightly higher to about US$193 from about US$191, as analysts factor in refreshed 2026 outlooks that point to resilient steel pricing, incremental capacity driven market share gains for domestic mills, and mixed but generally supportive expectations for sector profitability despite a challenging macro backdrop. Analyst Commentary Recent research paints a mixed but generally constructive picture for Steel Dynamics, with several firms lifting price targets while one high profile downgrade highlights growing valuation and execution questions into 2026.
HUDI
US$1.17
Huadi International Group
7D
2.6%
1Y
-28.4%
SRL
US$9.97
Scully Royalty
7D
10.8%
1Y
22.6%