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U.S. Steel Industry Analysis

UpdatedApr 23, 2026
DataAggregated Company Financials
Companies33
  • 7D10.3%
  • 3M7.8%
  • 1Y62.5%
  • YTDn/a

Nucor is up 9.5%, leading the way for the Steel industry, which has gained 7.2%. This takes the industry's 12 month performance to a gain of 61%. As for the next few years, earnings are expected to grow by 24% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 23 Apr 2026US$136.9bUS$128.7bUS$2.9b22.9x47.7x1.1x
Sat, 21 Mar 2026US$113.6bUS$127.1bUS$2.4b20.2x48.2x0.9x
Mon, 16 Feb 2026US$130.6bUS$127.1bUS$3.0b23.6x44.2x1x
Wed, 14 Jan 2026US$124.4bUS$127.6bUS$2.6b22.2x47.9x1x
Fri, 12 Dec 2025US$119.5bUS$127.4bUS$2.3b21.7x52.2x0.9x
Sun, 09 Nov 2025US$106.7bUS$127.3bUS$2.3b19.7x46.6x0.8x
Tue, 07 Oct 2025US$105.8bUS$125.9bUS$2.3b18.6x46.7x0.8x
Thu, 04 Sep 2025US$114.4bUS$128.7bUS$2.6b18.6x43.7x0.9x
Sat, 02 Aug 2025US$112.2bUS$129.1bUS$2.7b18.4x41x0.9x
Mon, 30 Jun 2025US$110.4bUS$132.5bUS$2.7b20.2x41.6x0.8x
Wed, 28 May 2025US$110.6bUS$147.8bUS$2.8b19.4x39.9x0.7x
Fri, 25 Apr 2025US$114.4bUS$155.1bUS$5.1b19.5x22.3x0.7x
Sun, 23 Mar 2025US$118.1bUS$155.5bUS$5.6b16.8x21.1x0.8x
Tue, 18 Feb 2025US$129.0bUS$158.4bUS$6.4b15.5x20.1x0.8x
Thu, 16 Jan 2025US$121.2bUS$160.3bUS$7.2b13.1x16.9x0.8x
Sat, 14 Dec 2024US$131.3bUS$163.2bUS$7.7b15.4x17.1x0.8x
Mon, 11 Nov 2024US$148.6bUS$163.9bUS$7.7b17.1x19.3x0.9x
Wed, 09 Oct 2024US$137.1bUS$168.9bUS$9.2b11.7x14.9x0.8x
Fri, 06 Sep 2024US$125.0bUS$169.0bUS$9.3b10.9x13.5x0.7x
Sun, 04 Aug 2024US$135.9bUS$169.1bUS$9.6b11.3x14.2x0.8x
Tue, 02 Jul 2024US$139.0bUS$173.0bUS$13.0b10.9x10.7x0.8x
Thu, 30 May 2024US$147.8bUS$173.5bUS$13.2b12.7x11.2x0.9x
Sat, 27 Apr 2024US$147.3bUS$174.3bUS$13.4b11.3x11x0.8x
Mon, 25 Mar 2024US$156.7bUS$174.9bUS$14.1b11.7x11.1x0.9x
Wed, 21 Feb 2024US$150.9bUS$173.6bUS$13.6b13.6x11.1x0.9x
Fri, 19 Jan 2024US$143.3bUS$175.5bUS$14.8b15.5x9.7x0.8x
Sun, 17 Dec 2023US$143.0bUS$175.8bUS$14.8b12x9.6x0.8x
Tue, 14 Nov 2023US$130.7bUS$176.9bUS$15.0b13.3x8.7x0.7x
Thu, 12 Oct 2023US$133.6bUS$181.0bUS$17.4b8.7x7.7x0.7x
Sat, 09 Sep 2023US$136.2bUS$181.3bUS$17.4b8.2x7.8x0.8x
Mon, 07 Aug 2023US$134.9bUS$181.4bUS$17.6b8.9x7.7x0.7x
Wed, 05 Jul 2023US$133.5bUS$185.9bUS$20.1b8.6x6.6x0.7x
Fri, 02 Jun 2023US$112.2bUS$186.6bUS$20.4b8.6x5.5x0.6x
Sun, 30 Apr 2023US$123.0bUS$186.8bUS$20.6b7.5x6x0.7x
Price to Earnings Ratio

6x


Total Market Cap: US$123.0bTotal Earnings: US$20.6bTotal Revenue: US$186.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Steel Industry Price to Earnings3Y Average 23.2x202420252026
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 46.7x which is higher than its 3-year average PE of 23.2x.
  • The 3-year average PS ratio of 0.82x 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 48% per year over the last three years,
  • Revenues have also declined 12% 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 Market1.73%
Materials0.15%
Metals and Mining0.72%
Steel10.26%
Precious Metals and Minerals11.02%
Diversified Metals and Mining9.08%
Copper0.41%
Aluminum-0.093%
Silver-0.81%
Gold-3.46%
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$214.2613.0%
+US$5.6b		91.4%PE28.1x
STLD Steel DynamicsUS$227.4617.2%
+US$4.8b		85.7%PE24x
RS RelianceUS$350.879.7%
+US$1.6b		23.9%PE24.3x
CMC Commercial MetalsUS$69.547.1%
+US$513.4m		60.7%PE15.3x
AMR Alpha Metallurgical ResourcesUS$208.637.8%
+US$192.7m		67.6%PS1.3x

Latest News

STLD
US$227.46
Steel Dynamics
7D
17.2%
1Y
85.7%
CLF
US$9.50
Cleveland-Cliffs
7D
-1.7%
1Y
26.0%
HCC
US$88.74
Warrior Met Coal
7D
-0.08%
1Y
80.0%
HLP
US$0.94
Hongli Group
7D
-9.3%
1Y
0.7%
MSB
US$28.64
Mesabi Trust
7D
-9.3%
1Y
2.6%
TX
US$43.21
Ternium
7D
1.2%
1Y
50.9%

TX: Higher Discount Rate And Thinner Margins Will Likely Limit Future Upside

Analysts are keeping Ternium's price target steady at $33.00, highlighting updated assumptions for a higher discount rate, lower revenue growth and profit margin, and a higher future P/E multiple as key drivers behind the revised view. Valuation Changes Fair Value: $33.00 is unchanged, indicating no shift in the central value estimate.
AMR
US$208.63
Alpha Metallurgical Resources
7D
7.8%
1Y
67.6%

AMR: Heavy Buybacks And Expected Quarterly Loss Will Guide Future Returns

Analysts have lifted their price target for Alpha Metallurgical Resources to $207, reflecting updated assumptions for discount rate, revenue growth, profit margin and future P/E that keep the fair value estimate aligned with prior levels. What's in the News Completed share repurchases of 113,000 shares, about 0.87% of shares, for US$20 million between October 1, 2025 and December 31, 2025 under the existing buyback program (Key Developments) Total repurchases under the buyback announced on March 7, 2022 now stand at 6,878,050 shares, about 43.34% of shares, for US$1.14b (Key Developments) Issued preliminary unaudited guidance for the fourth quarter of 2025, indicating an expected net loss of US$17.3 million, or US$1.34 per diluted share (Key Developments) Valuation Changes Fair Value: $207.0 remains unchanged, keeping the headline valuation level steady.
CMC
US$69.54
Commercial Metals
7D
7.1%
1Y
60.7%

CMC: Future Upside Will Be Driven By Buybacks And Rising Dividend Payout

Analysts have lifted their price target on Commercial Metals to $85 from $80, reflecting updated assumptions for revenue growth, profitability, discount rate, and a slightly lower future P/E multiple. What's in the News Commercial Metals completed a share repurchase tranche, buying 249,154 shares, or 0.22% of shares, for $18.3 million between December 1, 2025 and February 28, 2026, bringing total repurchases under the October 13, 2021 authorization to 15,131,239 shares, or 12.98%, for $702.21 million (Key Developments).
ASTL
US$4.73
Algoma Steel Group
7D
-3.7%
1Y
-4.1%
NUE
US$214.26
Nucor
7D
13.0%
1Y
91.4%

Nucor: Premier Steelmaker But Time To Take A Little Off The Table

Apr 12
RYZ
US$25.71
Ryerson Holding
7D
7.4%
1Y
11.3%
RS
US$350.87
Reliance
7D
9.7%
1Y
23.9%
WS
US$35.81
Worthington Steel
7D
9.3%
1Y
43.6%

WS: Higher Discount Rate And Lower P/E Assumptions Will Support Future Upside

Analysts have trimmed their price target for Worthington Steel from $47 to $38, reflecting updated assumptions for discount rate, revenue growth, profit margin, and future P/E that collectively point to a more cautious valuation framework. Valuation Changes Fair Value: reduced from $47 to $38, a cut of about 19% in the modeled valuation.
LUD
US$5.61
Luda Technology Group
7D
-3.3%
1Y
34.2%
INHD
US$0.17
Inno Holdings
7D
-11.9%
1Y
-99.9%
SRL
US$7.02
Scully Royalty
7D
-1.3%
1Y
-6.5%