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U.S. Steel Industry Analysis

UpdatedApr 01, 2026
DataAggregated Company Financials
Companies33
  • 7D2.4%
  • 3M0.2%
  • 1Y31.4%
  • YTDn/a

In the last week, the Steel industry is up 2.4%, with Steel Dynamics leading the way, up 6.1%. This takes the industry's 12 month performance to a gain of 31%. Earnings are forecast to grow by 26% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 01 Apr 2026US$115.6bUS$127.5bUS$2.4b21.6x47.6x0.9x
Fri, 27 Feb 2026US$126.8bUS$127.3bUS$2.6b22.6x48.9x1x
Sun, 25 Jan 2026US$133.5bUS$127.7bUS$2.6b23.6x51.5x1x
Tue, 23 Dec 2025US$119.1bUS$127.5bUS$2.2b22.8x53.7x0.9x
Thu, 20 Nov 2025US$107.9bUS$127.3bUS$2.3b19.7x47x0.8x
Sat, 18 Oct 2025US$103.7bUS$126.0bUS$2.3b17.9x44.8x0.8x
Mon, 15 Sep 2025US$114.9bUS$128.7bUS$2.6b18.9x43.7x0.9x
Wed, 13 Aug 2025US$110.4bUS$128.7bUS$2.6b17.8x42x0.9x
Fri, 11 Jul 2025US$115.9bUS$132.6bUS$2.8b21.2x40.8x0.9x
Sun, 08 Jun 2025US$118.5bUS$147.8bUS$2.8b21x42.7x0.8x
Tue, 06 May 2025US$115.6bUS$148.7bUS$3.4b21.6x34.3x0.8x
Thu, 03 Apr 2025US$117.9bUS$155.5bUS$5.6b17.8x21.1x0.8x
Sat, 01 Mar 2025US$126.2bUS$156.1bUS$5.8b16.2x21.9x0.8x
Mon, 27 Jan 2025US$123.6bUS$159.7bUS$6.9b12.8x17.8x0.8x
Wed, 25 Dec 2024US$119.5bUS$163.1bUS$7.8b13.8x15.4x0.7x
Fri, 22 Nov 2024US$142.4bUS$163.8bUS$7.7b17.4x18.5x0.9x
Sun, 20 Oct 2024US$140.4bUS$168.4bUS$8.9b12.4x15.8x0.8x
Tue, 17 Sep 2024US$128.0bUS$169.0bUS$9.3b10.8x13.8x0.8x
Thu, 15 Aug 2024US$132.0bUS$169.0bUS$9.3b11.7x14.2x0.8x
Sat, 13 Jul 2024US$141.4bUS$173.0bUS$12.8b11.2x11x0.8x
Mon, 10 Jun 2024US$141.0bUS$173.3bUS$13.1b12.2x10.7x0.8x
Wed, 08 May 2024US$146.8bUS$173.5bUS$13.2b11.8x11.1x0.8x
Fri, 05 Apr 2024US$160.8bUS$174.7bUS$14.0b11.9x11.5x0.9x
Sun, 03 Mar 2024US$155.4bUS$174.9bUS$14.1b12.5x11x0.9x
Tue, 30 Jan 2024US$146.3bUS$175.0bUS$14.6b14x10x0.8x
Thu, 28 Dec 2023US$151.1bUS$175.8bUS$14.9b13.5x10.2x0.9x
Sat, 25 Nov 2023US$135.1bUS$177.0bUS$15.0b13.8x9x0.8x
Mon, 23 Oct 2023US$122.5bUS$179.7bUS$17.0b8.4x7.2x0.7x
Wed, 20 Sep 2023US$132.7bUS$181.4bUS$17.4b8.9x7.6x0.7x
Fri, 18 Aug 2023US$136.0bUS$181.3bUS$17.4b8.7x7.8x0.8x
Sun, 16 Jul 2023US$134.4bUS$186.0bUS$20.1b9.1x6.7x0.7x
Tue, 13 Jun 2023US$122.3bUS$186.7bUS$20.4b9.2x6x0.7x
Thu, 11 May 2023US$116.2bUS$186.6bUS$20.4b8.5x5.7x0.6x
Sat, 08 Apr 2023US$122.1bUS$191.8bUS$24.2b6.7x5x0.6x
Price to Earnings Ratio

5x


Total Market Cap: US$122.1bTotal Earnings: US$24.2bTotal Revenue: US$191.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Steel Industry Price to Earnings3Y Average 22.3x202420252026
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 47.6x which is higher than its 3-year average PE of 22.3x.
  • The industry is trading close to its 3-year average PS ratio of 0.81x.
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 Market-0.61%
Materials4.23%
Metals and Mining7.07%
Steel2.39%
Aluminum13.76%
Gold10.04%
Copper6.26%
Silver4.00%
Precious Metals and Minerals2.33%
Diversified Metals and Mining-1.56%
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$180.006.1%
+US$1.5b		45.2%PE22x
NUE NucorUS$169.103.9%
+US$1.4b		41.3%PE22.2x
TX TerniumUS$40.153.2%
+US$241.5m		30.0%PE18.5x
RS RelianceUS$303.921.2%
+US$191.4m		5.2%PE21.3x
CLF Cleveland-CliffsUS$8.451.7%
+US$79.9m		4.3%PS0.3x

Latest News

FRD
US$17.72
Friedman Industries
7D
-3.4%
1Y
23.1%
CMC
US$61.43
Commercial Metals
7D
-3.7%
1Y
30.8%

CMC: Ongoing Buybacks And Rising Dividend Will Support Upside Potential

Analysts have adjusted their price target for Commercial Metals to approximately $69. This reflects updated assumptions for revenue growth, profit margins, and a higher future P/E multiple.
HCC
US$93.15
Warrior Met Coal
7D
-2.5%
1Y
93.8%

HCC: Blue Creek Ramp And Execution Will Shape Balanced Medium Term Outlook

Narrative Update: Warrior Met Coal Analysts have lifted their consolidated price target on Warrior Met Coal by about $4 to roughly $106. This change reflects updated assumptions around valuation multiples, discount rate, and profitability, based on a series of recent target hikes across major firms.
NUE
US$169.10
Nucor
7D
3.9%
1Y
41.3%
STLD
US$180.00
Steel Dynamics
7D
6.1%
1Y
45.2%
AP
US$6.72
Ampco-Pittsburgh
7D
-9.1%
1Y
215.5%
WS
US$30.35
Worthington Steel
7D
-10.6%
1Y
19.6%
RYZ
US$22.48
Ryerson Holding
7D
5.9%
1Y
-0.8%
TX
US$40.15
Ternium
7D
3.2%
1Y
30.0%
METC
US$15.46
Ramaco Resources
7D
8.2%
1Y
81.9%

METC: Brook Mine Rare Earths Execution Will Drive Future Upside Potential

Analysts have trimmed their average price target on Ramaco Resources, with recent cuts to $14 and $30. These changes reflect a slightly higher discount rate, mixed recent results, and a greater focus on execution risks around the revised rare earths and Brook Mine plans.
CLF
US$8.45
Cleveland-Cliffs
7D
1.7%
1Y
4.3%

CLF: Tariff Support And Auto Contract Wins Will Shape Future Returns

The analyst price target for Cleveland-Cliffs has been adjusted slightly lower to reflect a new fair value estimate of about $13.08, as analysts weigh mixed rating changes, valuation concerns, and updated expectations for margins and future P/E multiples. Analyst Commentary Recent research on Cleveland-Cliffs reflects a divided view, with some analysts focusing on potential upside from pricing, tariffs, and growth initiatives, while others point to valuation, costs, and execution risks around upcoming results and leadership actions.
ZKIN
US$1.54
ZK International Group
7D
-6.4%
1Y
19.4%
AMR
US$205.27
Alpha Metallurgical Resources
7D
-5.8%
1Y
60.2%

AMR: Heavy Buybacks And Preliminary Loss Guidance Will Shape Future Returns

Analysts have raised their price target on Alpha Metallurgical Resources to $207 from $205, reflecting updated assumptions that incorporate revised inputs for the discount rate, revenue growth, profit margin, and future P/E. What's in the News Share repurchases from October 1, 2025 to December 31, 2025 totaled 113,000 shares, about 0.87% of the company, for $20 million under the existing buyback program (Key Developments).
RS
US$303.92
Reliance
7D
1.2%
1Y
5.2%
HLP
US$0.88
Hongli Group
7D
-10.5%
1Y
-26.7%

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%
MSB
US$31.50
Mesabi Trust
7D
0.7%
1Y
15.0%