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U.S. Steel Industry Analysis

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies34
  • 7D-1.8%
  • 3M9.9%
  • 1Y28.4%
  • YTDn/a

Over the last 7 days, the Steel industry has dropped 1.8%, driven by a pullback from Nucor of 1.7%. Over the past 12 months, the industry was up 28%. As for the next few years, earnings are expected to grow by 30% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 02 Mar 2026US$126.1bUS$127.3bUS$2.6b22.6x49.1x1x
Wed, 28 Jan 2026US$128.8bUS$128.8bUS$2.7b22.2x47x1x
Fri, 26 Dec 2025US$122.5bUS$127.6bUS$2.2b22.9x55.2x1x
Sun, 23 Nov 2025US$110.3bUS$127.3bUS$2.3b20.1x48x0.9x
Tue, 21 Oct 2025US$107.7bUS$126.2bUS$2.3b18.2x46.6x0.9x
Thu, 18 Sep 2025US$117.2bUS$128.8bUS$2.6b19.3x44.6x0.9x
Sat, 16 Aug 2025US$114.3bUS$128.7bUS$2.6b18.1x43.7x0.9x
Mon, 14 Jul 2025US$116.7bUS$129.8bUS$2.9b20.8x39.6x0.9x
Wed, 11 Jun 2025US$119.2bUS$147.8bUS$2.8b21.2x42.9x0.8x
Fri, 09 May 2025US$111.2bUS$148.2bUS$3.0b20.2x37.6x0.8x
Sun, 06 Apr 2025US$103.8bUS$155.5bUS$5.6b16x18.6x0.7x
Tue, 04 Mar 2025US$126.8bUS$155.7bUS$5.7b15.8x22.3x0.8x
Thu, 30 Jan 2025US$124.4bUS$159.0bUS$6.5b13.7x19.1x0.8x
Sat, 28 Dec 2024US$119.8bUS$163.1bUS$7.8b13.6x15.4x0.7x
Mon, 25 Nov 2024US$144.3bUS$163.2bUS$7.7b17x18.8x0.9x
Wed, 23 Oct 2024US$139.0bUS$167.0bUS$8.0b12.1x17.4x0.8x
Fri, 20 Sep 2024US$128.4bUS$169.0bUS$9.3b12x13.9x0.8x
Sun, 18 Aug 2024US$132.8bUS$169.0bUS$9.3b11.9x14.3x0.8x
Tue, 16 Jul 2024US$142.9bUS$173.0bUS$12.8b11.5x11.1x0.8x
Thu, 13 Jun 2024US$137.2bUS$173.3bUS$13.1b11.9x10.5x0.8x
Sat, 11 May 2024US$148.3bUS$173.5bUS$13.1b12.2x11.3x0.9x
Mon, 08 Apr 2024US$160.7bUS$174.7bUS$14.0b11.6x11.5x0.9x
Wed, 06 Mar 2024US$153.6bUS$174.9bUS$14.1b12.6x10.9x0.9x
Fri, 02 Feb 2024US$150.3bUS$174.1bUS$14.3b12.4x10.5x0.9x
Sun, 31 Dec 2023US$148.0bUS$175.8bUS$14.9b12.9x10x0.8x
Tue, 28 Nov 2023US$135.1bUS$177.0bUS$15.0b13.7x9x0.8x
Thu, 26 Oct 2023US$124.6bUS$179.6bUS$17.1b8.5x7.3x0.7x
Sat, 23 Sep 2023US$130.7bUS$181.3bUS$17.4b8.5x7.5x0.7x
Mon, 21 Aug 2023US$135.9bUS$181.3bUS$17.4b8.8x7.8x0.7x
Wed, 19 Jul 2023US$137.2bUS$186.0bUS$20.1b9.4x6.8x0.7x
Fri, 16 Jun 2023US$124.2bUS$186.7bUS$20.4b8.9x6.1x0.7x
Sun, 14 May 2023US$115.6bUS$186.6bUS$20.4b8.4x5.7x0.6x
Tue, 11 Apr 2023US$124.6bUS$191.8bUS$24.2b6.9x5.1x0.6x
Thu, 09 Mar 2023US$142.9bUS$192.0bUS$24.5b6.8x5.8x0.7x
Price to Earnings Ratio

5.8x


Total Market Cap: US$142.9bTotal Earnings: US$24.5bTotal Revenue: US$192.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Steel Industry Price to Earnings3Y Average 21.1x202420252026
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 49.1x which is higher than its 3-year average PE of 21.1x.
  • 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 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-0.57%
Materials2.63%
Metals and Mining6.29%
Steel-1.77%
Gold8.99%
Copper7.60%
Precious Metals and Minerals5.12%
Silver3.92%
Diversified Metals and Mining2.96%
Aluminum1.00%
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
TX TerniumUS$43.470.3%
+US$27.5m		50.2%PE20.1x
AP Ampco-PittsburghUS$9.113.9%
+US$6.9m		335.9%PS0.4x
FRD Friedman IndustriesUS$18.613.1%
+US$4.0m		13.4%PE8.5x
HLP Hongli GroupUS$1.051.9%
+US$1.5m		-19.8%PE76.3x
HUDI Huadi International GroupUS$1.237.0%
+US$1.1m		-24.1%PS0.3x

Latest News

STLD
US$193.13
Steel Dynamics
7D
-1.5%
1Y
48.0%
AMR
US$162.65
Alpha Metallurgical Resources
7D
-8.0%
1Y
23.6%
NUE
US$176.88
Nucor
7D
-1.1%
1Y
31.9%
METC
US$15.14
Ramaco Resources
7D
-12.0%
1Y
72.8%
RS
US$315.64
Reliance
7D
-2.2%
1Y
9.2%
SIM
US$30.80
Grupo Simec. de
7D
-5.2%
1Y
20.8%
TX
US$43.47
Ternium
7D
0.3%
1Y
50.2%

TX: Higher Required Return And Earnings Multiple Will Shape Balanced Outlook

Analysts now see Ternium's fair value at about $39.88 per share, up from roughly $36.81. This reflects updated views on its discount rate, revenue growth, profit margins and future P/E assumptions.
HCC
US$83.24
Warrior Met Coal
7D
-4.4%
1Y
73.9%
CMC
US$73.30
Commercial Metals
7D
-4.6%
1Y
51.3%

CMC: Share Repurchases And Higher P/E Assumptions Will Signal Overvaluation

Analysts have raised their price target on Commercial Metals from $41.00 to $66.00, citing updated assumptions for revenue growth, profit margins, the discount rate, and a higher future P/E multiple. What's in the News From October 1, 2025 to November 30, 2025, Commercial Metals repurchased 663,220 shares for $38.9 million, accounting for 0.6% of its shares.
FRD
US$18.61
Friedman Industries
7D
3.1%
1Y
13.4%
HLP
US$1.05
Hongli Group
7D
1.9%
1Y
-19.8%

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%
INHD
US$1.08
Inno Holdings
7D
0.9%
1Y
-99.0%
AP
US$9.11
Ampco-Pittsburgh
7D
3.9%
1Y
335.9%

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%
HUDI
US$1.23
Huadi International Group
7D
7.0%
1Y
-24.1%