Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Steel Industry Analysis

UpdatedFeb 06, 2026
DataAggregated Company Financials
Companies35
  • 7D2.3%
  • 3M24.6%
  • 1Y37.4%
  • YTDn/a

Nucor is up 9.7%, leading the way for the Steel industry, which has gained 7.7%. Meanwhile, Ramaco Resources actually underperformed within the industry, shrinking 13% in the last week. This takes the industry's 12 month performance to a gain of 41%. Earnings are forecast to grow by 32% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 06 Feb 2026US$138.5bUS$128.8bUS$2.7b24.1x50.4x1.1x
Sun, 04 Jan 2026US$123.8bUS$127.6bUS$2.2b23.2x55.4x1x
Tue, 02 Dec 2025US$116.0bUS$127.4bUS$2.3b21x50.5x0.9x
Thu, 30 Oct 2025US$111.7bUS$127.9bUS$2.6b20.8x43.5x0.9x
Sat, 27 Sep 2025US$114.0bUS$128.8bUS$2.6b19.4x43.2x0.9x
Mon, 25 Aug 2025US$115.9bUS$128.7bUS$2.6b18.6x44.2x0.9x
Wed, 23 Jul 2025US$117.8bUS$129.6bUS$2.3b20.9x50.6x0.9x
Fri, 20 Jun 2025US$107.3bUS$132.6bUS$2.7b19.9x40x0.8x
Sun, 18 May 2025US$113.3bUS$147.7bUS$2.8b20.2x40.9x0.8x
Tue, 15 Apr 2025US$110.7bUS$155.6bUS$5.6b16.8x19.8x0.7x
Thu, 13 Mar 2025US$118.3bUS$155.7bUS$5.7b16.3x20.8x0.8x
Sat, 08 Feb 2025US$126.6bUS$158.5bUS$6.5b14.7x19.4x0.8x
Mon, 06 Jan 2025US$118.1bUS$163.0bUS$7.7b13.4x15.3x0.7x
Wed, 04 Dec 2024US$146.7bUS$163.2bUS$7.7b16.5x19.2x0.9x
Fri, 01 Nov 2024US$133.2bUS$166.7bUS$7.9b13x16.9x0.8x
Sun, 29 Sep 2024US$136.4bUS$168.9bUS$9.2b12x14.8x0.8x
Tue, 27 Aug 2024US$133.3bUS$169.0bUS$9.3b11.6x14.4x0.8x
Thu, 25 Jul 2024US$143.9bUS$170.0bUS$11.4b11.5x12.6x0.8x
Sat, 22 Jun 2024US$136.8bUS$173.0bUS$13.1b11x10.5x0.8x
Mon, 20 May 2024US$148.0bUS$173.6bUS$13.1b12.9x11.3x0.9x
Wed, 17 Apr 2024US$156.5bUS$174.5bUS$14.0b10.8x11.2x0.9x
Fri, 15 Mar 2024US$151.0bUS$175.0bUS$14.2b12.1x10.7x0.9x
Sun, 11 Feb 2024US$151.1bUS$174.0bUS$14.1b12.8x10.8x0.9x
Tue, 09 Jan 2024US$145.4bUS$175.6bUS$14.8b16.4x9.8x0.8x
Thu, 07 Dec 2023US$135.0bUS$175.7bUS$14.8b13.8x9.1x0.8x
Sat, 04 Nov 2023US$132.6bUS$176.9bUS$15.0b11x8.8x0.7x
Mon, 02 Oct 2023US$133.7bUS$181.1bUS$17.4b8.6x7.7x0.7x
Wed, 30 Aug 2023US$138.7bUS$181.3bUS$17.4b8.8x8x0.8x
Fri, 28 Jul 2023US$137.0bUS$181.8bUS$18.2b9.8x7.5x0.8x
Sun, 25 Jun 2023US$125.0bUS$186.3bUS$20.1b8.9x6.2x0.7x
Tue, 23 May 2023US$116.7bUS$186.5bUS$20.4b9.1x5.7x0.6x
Thu, 20 Apr 2023US$125.8bUS$191.8bUS$24.2b6.5x5.2x0.7x
Sat, 18 Mar 2023US$120.3bUS$191.9bUS$24.4b5.6x4.9x0.6x
Mon, 13 Feb 2023US$134.6bUS$194.4bUS$27.1b5.5x5x0.7x
Price to Earnings Ratio

5x


Total Market Cap: US$134.6bTotal Earnings: US$27.1bTotal Revenue: US$194.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Steel Industry Price to Earnings3Y Average 20.2x202420252026
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 49.6x which is higher than its 3-year average PE of 20.1x.
  • The 3-year average PS ratio of 0.80x is lower than the industry's current PS ratio of 1.1x.
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-2.98%
Materials-2.70%
Metals and Mining-9.31%
Steel2.26%
Aluminum-4.66%
Copper-8.95%
Diversified Metals and Mining-11.95%
Gold-13.09%
Precious Metals and Minerals-16.77%
Silver-18.98%
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
STLD Steel DynamicsUS$193.026.1%
+US$1.6b		49.7%PE23.8x
NUE NucorUS$186.503.7%
+US$1.5b		40.0%PE24.5x
RS RelianceUS$342.273.0%
+US$521.8m		20.1%PE24.6x
WS Worthington SteelUS$45.8314.1%
+US$288.6m		62.2%PE18.6x
CMC Commercial MetalsUS$80.563.3%
+US$288.4m		60.7%PE20.4x

Latest News

CMC
US$80.56
Commercial Metals
7D
3.3%
1Y
60.7%
RS
US$342.27
Reliance
7D
3.0%
1Y
20.1%
RYI
US$29.70
Ryerson Holding
7D
5.2%
1Y
32.5%
WS
US$45.83
Worthington Steel
7D
14.1%
1Y
62.2%
AMR
US$201.76
Alpha Metallurgical Resources
7D
-8.7%
1Y
12.3%

AMR: Buybacks And Shipment Outlook Will Shape Balanced Risk Reward Profile

Analysts have raised their price target on Alpha Metallurgical Resources from about $184.50 to roughly $204.50, reflecting modest adjustments to assumptions for the discount rate, revenue growth, profit margins, and future P/E that result in a higher assessed fair value. What's in the News From October 1, 2025 to December 31, 2025, Alpha Metallurgical Resources repurchased 113,000 shares, about 0.87% of its shares, for US$20 million under its existing buyback program.
NUE
US$186.50
Nucor
7D
3.7%
1Y
40.0%
METC
US$17.30
Ramaco Resources
7D
-13.4%
1Y
78.4%
HCC
US$86.52
Warrior Met Coal
7D
-6.0%
1Y
62.5%

HCC: Raised Expectations For New Mine Will Likely Limit Future Upside

Analysts have raised their price target on Warrior Met Coal from US$72 to US$80, citing updated assumptions for fair value, modest adjustments to the discount rate and future P/E, as well as changes in expected revenue growth and profit margins reflected in recent research. Analyst Commentary Recent research commentary on Warrior Met Coal has focused on how updated assumptions feed into fair value estimates, including the higher US$80 price target and changes to projected P/E multiples.
MTUS
US$20.76
Metallus
7D
4.5%
1Y
35.2%
STLD
US$193.02
Steel Dynamics
7D
6.1%
1Y
49.7%
CLF
US$13.85
Cleveland-Cliffs
7D
-2.5%
1Y
29.9%

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.
TX
US$43.11
Ternium
7D
-1.0%
1Y
42.6%

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.
ASTL
US$4.32
Algoma Steel Group
7D
-2.9%
1Y
-49.7%
ZEUS
US$50.72
Olympic Steel
7D
5.4%
1Y
44.7%
LUD
US$6.48
Luda Technology Group
7D
-16.9%
1Y
n/a
SIM
US$29.83
Grupo Simec. de
7D
-5.3%
1Y
13.3%