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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

The Steel industry has been flat over the last week, but Warrior Met Coal has lost 11%. As for the the longer term, the industry is up 37% over the past 12 months. Looking forward, 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
Tue, 27 Jan 2026US$133.2bUS$128.2bUS$2.7b22.4x50.2x1x
Thu, 25 Dec 2025US$122.5bUS$127.6bUS$2.2b22.9x55.2x1x
Sat, 22 Nov 2025US$107.4bUS$127.3bUS$2.3b20.1x46.8x0.8x
Mon, 20 Oct 2025US$103.4bUS$126.0bUS$2.3b17.9x44.7x0.8x
Wed, 17 Sep 2025US$115.9bUS$128.8bUS$2.6b19.5x44.1x0.9x
Fri, 15 Aug 2025US$115.9bUS$128.7bUS$2.6b18.2x44.2x0.9x
Sun, 13 Jul 2025US$116.7bUS$129.8bUS$2.9b20.8x39.6x0.9x
Tue, 10 Jun 2025US$118.5bUS$147.8bUS$2.8b21.1x42.7x0.8x
Thu, 08 May 2025US$112.4bUS$148.7bUS$3.4b20.3x33.3x0.8x
Sat, 05 Apr 2025US$108.6bUS$155.5bUS$5.6b16x19.5x0.7x
Mon, 03 Mar 2025US$127.3bUS$155.7bUS$5.7b16.2x22.3x0.8x
Wed, 29 Jan 2025US$121.9bUS$159.0bUS$6.5b13.7x18.7x0.8x
Fri, 27 Dec 2024US$119.5bUS$163.1bUS$7.8b13.8x15.4x0.7x
Sun, 24 Nov 2024US$144.3bUS$163.2bUS$7.7b17x18.8x0.9x
Tue, 22 Oct 2024US$140.4bUS$168.4bUS$8.9b12x15.8x0.8x
Thu, 19 Sep 2024US$128.2bUS$169.0bUS$9.3b11.2x13.8x0.8x
Sat, 17 Aug 2024US$132.8bUS$169.0bUS$9.3b11.9x14.3x0.8x
Mon, 15 Jul 2024US$142.9bUS$173.0bUS$12.8b11.2x11.1x0.8x
Wed, 12 Jun 2024US$139.3bUS$173.3bUS$13.1b11.9x10.6x0.8x
Fri, 10 May 2024US$145.7bUS$173.5bUS$13.1b12.3x11.1x0.8x
Sun, 07 Apr 2024US$160.7bUS$174.7bUS$14.0b11.6x11.5x0.9x
Tue, 05 Mar 2024US$153.6bUS$174.9bUS$14.1b12.6x10.9x0.9x
Thu, 01 Feb 2024US$152.6bUS$174.0bUS$14.2b13x10.7x0.9x
Sat, 30 Dec 2023US$149.3bUS$175.8bUS$14.9b12.9x10x0.8x
Mon, 27 Nov 2023US$135.1bUS$177.0bUS$15.0b13.8x9x0.8x
Wed, 25 Oct 2023US$121.9bUS$179.7bUS$17.0b8.4x7.2x0.7x
Fri, 22 Sep 2023US$129.4bUS$181.4bUS$17.4b8.5x7.4x0.7x
Sun, 20 Aug 2023US$135.9bUS$181.3bUS$17.4b8.8x7.8x0.7x
Tue, 18 Jul 2023US$134.4bUS$186.0bUS$20.1b9.1x6.7x0.7x
Thu, 15 Jun 2023US$124.2bUS$186.7bUS$20.4b8.8x6.1x0.7x
Sat, 13 May 2023US$115.6bUS$186.6bUS$20.4b8.4x5.7x0.6x
Mon, 10 Apr 2023US$122.1bUS$191.8bUS$24.2b6.7x5x0.6x
Wed, 08 Mar 2023US$141.4bUS$192.0bUS$24.5b6.7x5.8x0.7x
Fri, 03 Feb 2023US$140.7bUS$195.2bUS$27.9b5.7x5x0.7x
Price to Earnings Ratio

5x


Total Market Cap: US$140.7bTotal Earnings: US$27.9bTotal Revenue: US$195.2bTotal 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
NUE NucorUS$177.661.9%
+US$748.4m		45.7%PE24.7x
CMC Commercial MetalsUS$76.122.3%
+US$188.5m		53.5%PE19.3x
TX TerniumUS$42.401.7%
+US$137.4m		46.0%PE14.3x
RS RelianceUS$326.470.8%
+US$127.6m		13.3%PE23.4x
LUD Luda Technology GroupUS$9.0012.6%
+US$22.9m		n/aPS5.5x

Latest News

STLD
US$173.32
Steel Dynamics
7D
-0.1%
1Y
42.1%
MSB
US$34.10
Mesabi Trust
7D
-16.7%
1Y
2.7%
MTUS
US$19.44
Metallus
7D
-2.2%
1Y
28.0%

MTUS: Future Returns Will Balance Canton Labor Deal Uncertainty And Ongoing Buybacks

Analysts have nudged their Metallus price target to US$20.00, reflecting slightly adjusted assumptions for discount rate, revenue growth, profit margin and future P/E that collectively fine tune their outlook rather than overhaul it. What's in the News Metallus and United Steelworkers (USW) Local 1123 reached a new tentative four year labor agreement after earlier proposals were rejected on October 30 and December 18, 2025.
RYI
US$27.97
Ryerson Holding
7D
-2.7%
1Y
29.9%
CLF
US$14.02
Cleveland-Cliffs
7D
0.1%
1Y
41.2%

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$38.72
Worthington Steel
7D
-3.3%
1Y
33.7%

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.
TX
US$42.40
Ternium
7D
1.7%
1Y
46.0%

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$89.49
Warrior Met Coal
7D
-10.6%
1Y
68.1%
AMR
US$213.88
Alpha Metallurgical Resources
7D
-11.2%
1Y
13.6%

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).
SRL
US$9.05
Scully Royalty
7D
11.3%
1Y
16.2%
CMC
US$76.12
Commercial Metals
7D
2.3%
1Y
53.5%

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.
RS
US$326.47
Reliance
7D
0.8%
1Y
13.3%

RS: Completed Buybacks And Steady Assumptions Will Support Future Per Share Returns

Analysts have lifted their fair value estimate for Reliance from ₹315.63 to ₹316.25, citing updated assumptions on the discount rate, revenue growth, profit margin and future P/E as the main drivers of the change. What's in the News Reliance reported that from July 1, 2025 to September 30, 2025, it repurchased 211,873 shares for US$60.9 million, accounting for 0.4% of the buyback program.
NUE
US$177.66
Nucor
7D
1.9%
1Y
45.7%

NUE: Steel Pricing, Tariffs And Capacity Shifts Will Shape Future Returns

The analyst price target for Nucor has moved modestly higher to about $180. This reflects updated views that combine firmer steel pricing, a relatively muted demand outlook, and ongoing adjustments to long term valuation inputs such as discount rate, revenue growth, profit margin, and future P/E assumptions.
LUD
US$9.00
Luda Technology Group
7D
12.6%
1Y
n/a
SIM
US$29.27
Grupo Simec. de
7D
-4.1%
1Y
10.7%
ZKIN
US$2.09
ZK International Group
7D
33.1%
1Y
-56.1%