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U.S. Steel Industry Analysis

UpdatedFeb 14, 2026
DataAggregated Company Financials
Companies35
  • 7D-5.5%
  • 3M21.2%
  • 1Y30.5%
  • YTDn/a

Over the last 7 days, the Steel industry has dropped 5.5%, driven by a pullback from Cleveland-Cliffs of 30%. Over the past 12 months, the industry was up 30%. Looking forward, earnings are forecast to grow by 29% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 15 Feb 2026US$134.6bUS$129.0bUS$3.0b23.8x45.3x1x
Tue, 13 Jan 2026US$123.3bUS$127.6bUS$2.6b22.1x47.5x1x
Thu, 11 Dec 2025US$116.6bUS$127.4bUS$2.3b21.5x50.9x0.9x
Sat, 08 Nov 2025US$106.3bUS$127.3bUS$2.3b19.7x46.4x0.8x
Mon, 06 Oct 2025US$105.8bUS$125.9bUS$2.3b18.9x46.7x0.8x
Wed, 03 Sep 2025US$116.2bUS$128.7bUS$2.6b18.5x44.3x0.9x
Fri, 01 Aug 2025US$114.2bUS$129.1bUS$2.8b18.5x41.4x0.9x
Sun, 29 Jun 2025US$110.4bUS$132.5bUS$2.7b20.2x41.6x0.8x
Tue, 27 May 2025US$110.6bUS$147.8bUS$2.8b19.9x39.9x0.7x
Thu, 24 Apr 2025US$111.6bUS$155.3bUS$5.2b17.1x21.3x0.7x
Sat, 22 Mar 2025US$121.4bUS$155.5bUS$5.6b16.8x21.7x0.8x
Mon, 17 Feb 2025US$129.0bUS$158.4bUS$6.4b15.5x20.1x0.8x
Wed, 15 Jan 2025US$123.7bUS$162.9bUS$7.4b13.4x16.8x0.8x
Fri, 13 Dec 2024US$135.7bUS$163.2bUS$7.7b15.6x17.7x0.8x
Sun, 10 Nov 2024US$148.6bUS$163.9bUS$7.7b17.1x19.3x0.9x
Tue, 08 Oct 2024US$136.1bUS$168.9bUS$9.2b11.8x14.8x0.8x
Thu, 05 Sep 2024US$127.4bUS$169.0bUS$9.3b11x13.8x0.8x
Sat, 03 Aug 2024US$139.8bUS$169.1bUS$9.6b11.1x14.6x0.8x
Mon, 01 Jul 2024US$139.0bUS$173.1bUS$13.0b11.1x10.7x0.8x
Wed, 29 May 2024US$148.0bUS$173.5bUS$13.2b12.9x11.2x0.9x
Fri, 26 Apr 2024US$146.9bUS$174.3bUS$13.4b10.9x10.9x0.8x
Sun, 24 Mar 2024US$156.7bUS$175.0bUS$14.2b11.7x11x0.9x
Tue, 20 Feb 2024US$152.8bUS$173.6bUS$13.6b14x11.2x0.9x
Thu, 18 Jan 2024US$142.8bUS$175.5bUS$14.8b14.7x9.7x0.8x
Sat, 16 Dec 2023US$143.0bUS$175.8bUS$14.8b12x9.6x0.8x
Mon, 13 Nov 2023US$131.0bUS$176.9bUS$15.0b13.2x8.7x0.7x
Wed, 11 Oct 2023US$133.5bUS$181.0bUS$17.4b8.7x7.7x0.7x
Fri, 08 Sep 2023US$136.2bUS$181.2bUS$17.4b8.5x7.8x0.8x
Sun, 06 Aug 2023US$134.9bUS$181.4bUS$17.6b8.9x7.7x0.7x
Tue, 04 Jul 2023US$133.5bUS$185.9bUS$20.1b8.6x6.6x0.7x
Thu, 01 Jun 2023US$111.2bUS$186.6bUS$20.4b8.6x5.5x0.6x
Sat, 29 Apr 2023US$123.0bUS$186.8bUS$20.6b7.5x6x0.7x
Mon, 27 Mar 2023US$124.6bUS$191.7bUS$24.3b6.4x5.1x0.7x
Wed, 22 Feb 2023US$136.0bUS$192.4bUS$24.8b5.4x5.5x0.7x
Price to Earnings Ratio

5.5x


Total Market Cap: US$136.0bTotal Earnings: US$24.8bTotal Revenue: US$192.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Steel Industry Price to Earnings3Y Average 20.5x202420252026
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 45.3x which is higher than its 3-year average PE of 20.5x.
  • 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 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 Market-1.39%
Materials2.95%
Metals and Mining2.60%
Steel-5.53%
Gold8.27%
Copper1.11%
Diversified Metals and Mining0.12%
Silver-0.87%
Aluminum-2.32%
Precious Metals and Minerals-7.79%
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
SIM Grupo Simec. deUS$31.003.9%
+US$179.6m		20.5%PE30.7x
TX TerniumUS$43.650.4%
+US$37.3m		44.0%PE14.7x
ASTL Algoma Steel GroupUS$4.824.6%
+US$22.0m		-39.7%PS0.3x
AP Ampco-PittsburghUS$7.7914.7%
+US$20.3m		259.0%PS0.4x
HLP Hongli GroupUS$1.2016.5%
+US$12.5m		-11.8%PE87.2x

Latest News

AMR
US$185.52
Alpha Metallurgical Resources
7D
-10.1%
1Y
10.4%

Alpha Metallurgical Resources, Inc.'s (NYSE:AMR) 26% Dip In Price Shows Sentiment Is Matching Revenues

Feb 14
Alpha Metallurgical Resources, Inc.'s (NYSE:AMR) 26% Dip In Price Shows Sentiment Is Matching Revenues
HCC
US$86.28
Warrior Met Coal
7D
-3.1%
1Y
74.1%
CLF
US$10.38
Cleveland-Cliffs
7D
-29.5%
1Y
-9.6%
RS
US$343.43
Reliance
7D
-2.8%
1Y
15.4%

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.
NUE
US$183.23
Nucor
7D
-5.0%
1Y
33.0%

NUE: Tariff Policy And Capacity Additions Will Shape Future Earnings Power

Nucor's analyst price target has been adjusted modestly higher to reflect updated assumptions around fair value near $186, a shift in expected revenue growth and future P/E, and recent Street research that highlights full valuation, higher steel price expectations, and a mixed but supportive demand backdrop in North America and Europe. Analyst Commentary Recent Street research around Nucor shows a mix of optimism on pricing and execution, alongside caution that the current share price already reflects much of that story.
METC
US$16.48
Ramaco Resources
7D
-9.6%
1Y
63.7%

METC: Rare Earths Execution Risk Will Continue To Temper Coal-Funded Upside

Analysts have lifted their Ramaco Resources price target to US$16.00, citing updated assumptions around slightly higher projected revenue growth, a modestly adjusted discount rate and P/E outlook, and a small tweak to expected profit margins. Analyst Commentary While the revised US$16.00 price target reflects updated assumptions, some bearish analysts remain cautious and continue to flag key risks around Ramaco Resources' valuation and execution outlook.
HLP
US$1.20
Hongli Group
7D
16.5%
1Y
-11.8%

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$191.68
Steel Dynamics
7D
-5.3%
1Y
41.1%

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.
CMC
US$79.64
Commercial Metals
7D
-4.0%
1Y
51.7%
TX
US$43.65
Ternium
7D
0.4%
1Y
44.0%

TX: Higher Discount Rate And Modest Margins Will Likely Restrain Future Returns

Analysts have nudged their price targets for Ternium slightly higher to around $33 per share, reflecting updated assumptions for discount rate, revenue growth, profit margin and future P/E, while keeping overall fair value broadly in line with prior views. Valuation Changes Fair Value: Unchanged at around $33.00 per share, keeping the central valuation view steady.
AP
US$7.79
Ampco-Pittsburgh
7D
14.7%
1Y
259.0%

Ampco-Pittsburgh Corporation (NYSE:AP) Held Back By Insufficient Growth Even After Shares Climb 25%

Feb 04
Ampco-Pittsburgh Corporation (NYSE:AP) Held Back By Insufficient Growth Even After Shares Climb 25%
SRL
US$9.29
Scully Royalty
7D
2.5%
1Y
14.7%
ASTL
US$4.82
Algoma Steel Group
7D
4.6%
1Y
-39.7%
LUD
US$6.43
Luda Technology Group
7D
1.3%
1Y
n/a
SIM
US$31.00
Grupo Simec. de
7D
3.9%
1Y
20.5%