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

U.S. Steel Industry Analysis

UpdatedApr 08, 2026
DataAggregated Company Financials
Companies33
  • 7D0.6%
  • 3M-0.8%
  • 1Y50.8%
  • YTDn/a

The Steel industry is up 2.5% in the last week, with Nucor up 2.9%. In the last 12 months, the industry was up 47%. As for the next few years, earnings are expected to grow by 24% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 08 Apr 2026US$118.2bUS$127.5bUS$2.4b21.4x48.7x0.9x
Fri, 06 Mar 2026US$125.6bUS$127.2bUS$2.6b22.2x48.9x1x
Sun, 01 Feb 2026US$129.9bUS$128.8bUS$2.7b22.7x47.4x1x
Tue, 30 Dec 2025US$122.0bUS$127.6bUS$2.2b22.7x55x1x
Thu, 27 Nov 2025US$113.7bUS$127.4bUS$2.3b20.9x49.5x0.9x
Sat, 25 Oct 2025US$106.2bUS$126.9bUS$2.4b18.8x44.6x0.8x
Mon, 22 Sep 2025US$115.0bUS$128.8bUS$2.6b19.5x43.8x0.9x
Wed, 20 Aug 2025US$113.2bUS$128.7bUS$2.6b18.3x43.2x0.9x
Fri, 18 Jul 2025US$113.3bUS$129.8bUS$2.9b20.5x38.5x0.9x
Sun, 15 Jun 2025US$118.1bUS$147.8bUS$2.8b20.3x42.5x0.8x
Tue, 13 May 2025US$110.8bUS$147.8bUS$2.8b21.3x40x0.7x
Thu, 10 Apr 2025US$104.2bUS$155.5bUS$5.6b17x18.7x0.7x
Sat, 08 Mar 2025US$121.1bUS$155.8bUS$5.7b15.8x21.2x0.8x
Mon, 03 Feb 2025US$123.6bUS$158.3bUS$6.5b14.5x18.9x0.8x
Wed, 01 Jan 2025US$117.5bUS$163.0bUS$7.7b13.1x15.2x0.7x
Fri, 29 Nov 2024US$145.6bUS$163.2bUS$7.7b17.1x19x0.9x
Sun, 27 Oct 2024US$133.4bUS$166.9bUS$7.9b12x16.8x0.8x
Tue, 24 Sep 2024US$132.3bUS$169.0bUS$9.3b11.4x14.3x0.8x
Thu, 22 Aug 2024US$130.4bUS$169.0bUS$9.3b11.8x14.1x0.8x
Sat, 20 Jul 2024US$144.8bUS$172.5bUS$12.5b11.8x11.6x0.8x
Mon, 17 Jun 2024US$134.7bUS$173.3bUS$13.1b11.4x10.3x0.8x
Wed, 15 May 2024US$147.7bUS$173.5bUS$13.1b12.5x11.2x0.9x
Fri, 12 Apr 2024US$159.8bUS$174.6bUS$14.0b11.4x11.4x0.9x
Sun, 10 Mar 2024US$154.5bUS$175.0bUS$14.2b12.8x10.9x0.9x
Tue, 06 Feb 2024US$148.0bUS$173.9bUS$14.1b12.2x10.5x0.9x
Thu, 04 Jan 2024US$147.3bUS$175.7bUS$14.9b14.8x9.9x0.8x
Sat, 02 Dec 2023US$142.3bUS$180.4bUS$15.1b13.6x9.4x0.8x
Mon, 30 Oct 2023US$127.0bUS$176.1bUS$16.1b8.7x7.9x0.7x
Wed, 27 Sep 2023US$130.7bUS$181.3bUS$17.4b8.3x7.5x0.7x
Fri, 25 Aug 2023US$133.3bUS$181.3bUS$17.4b8.5x7.7x0.7x
Sun, 23 Jul 2023US$132.6bUS$184.4bUS$19.5b9.3x6.8x0.7x
Tue, 20 Jun 2023US$124.1bUS$186.7bUS$20.4b8.9x6.1x0.7x
Thu, 18 May 2023US$116.8bUS$186.6bUS$20.4b9.1x5.7x0.6x
Sat, 15 Apr 2023US$124.9bUS$191.8bUS$24.2b6.7x5.2x0.7x
Price to Earnings Ratio

5.2x


Total Market Cap: US$124.9bTotal Earnings: US$24.2bTotal Revenue: US$191.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Steel Industry Price to Earnings3Y Average 22.6x202420252026
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 49.2x which is higher than its 3-year average PE of 22.5x.
  • 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 Market1.21%
Materials0.83%
Metals and Mining3.01%
Steel0.61%
Aluminum10.46%
Precious Metals and Minerals6.43%
Gold4.22%
Silver3.71%
Copper1.95%
Diversified Metals and Mining0.78%
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$173.262.5%
+US$947.4m		67.1%PE22.7x
CLF Cleveland-CliffsUS$8.713.1%
+US$148.4m		27.0%PS0.3x
LUD Luda Technology GroupUS$5.2463.7%
+US$46.3m		31.3%PS3.2x
WS Worthington SteelUS$30.962.0%
+US$30.4m		37.1%PE12.7x
ASTL Algoma Steel GroupUS$4.416.8%
+US$29.4m		1.8%PS0.3x

Latest News

METC
US$15.09
Ramaco Resources
7D
-2.4%
1Y
98.3%
MSB
US$31.68
Mesabi Trust
7D
0.6%
1Y
28.1%

Mesabi Trust: Logistics Could Favor U.S. Iron Ore Supply

Apr 07
RS
US$306.64
Reliance
7D
0.9%
1Y
17.0%
WS
US$30.96
Worthington Steel
7D
2.0%
1Y
37.1%

WS: Higher Discount Rate And Lower P/E Assumptions Will Support Future Upside

Analysts have trimmed their price target for Worthington Steel from $47 to $38, reflecting updated assumptions for discount rate, revenue growth, profit margin, and future P/E that collectively point to a more cautious valuation framework. Valuation Changes Fair Value: reduced from $47 to $38, a cut of about 19% in the modeled valuation.
STLD
US$177.19
Steel Dynamics
7D
-1.6%
1Y
60.7%

STLD: Tariff Policy And 2026 Outlook Will Shape Earnings And Capacity Use

Analysts trimmed their price target on Steel Dynamics by about $5 to reflect updated assumptions for slightly higher revenue growth, a lower profit margin and a higher future P/E, while recent Street research highlights mixed rating changes and refreshed 2026 outlooks for U.S. carbon steel equities. Analyst Commentary Recent research on Steel Dynamics offers a mix of optimism and caution, with analysts updating ratings and price targets as they refresh multi year views on U.S. carbon steel equities and factor in tariff and capacity trends.
CLF
US$8.71
Cleveland-Cliffs
7D
3.1%
1Y
27.0%

CLF: Tariff Shifts And Higher Costs Will Shape A Cautious Rare Earths Story

Analysts have made only a small adjustment to their $-based price targets for Cleveland-Cliffs, reflecting a mix of higher assumed profit margins, a lower future P/E multiple, and a more cautious view on growth and risk after recent Neutral and Sector Weight calls, along with both minor cuts and raises to published targets. Analyst Commentary Recent research on Cleveland-Cliffs has leaned more cautious, with several Bearish analysts highlighting execution and valuation risks despite some earlier optimism around pricing and policy support for the U.S. steel sector.
LUD
US$5.24
Luda Technology Group
7D
63.7%
1Y
31.3%
TX
US$39.79
Ternium
7D
-0.9%
1Y
61.6%

TX: Stronger Margin Outlook And Lower P/E Assumptions Will Support Upside Potential

Analysts have kept their Ternium price target steady at $50.00, with the unchanged fair value reflecting updated views on discount rate, revenue growth, profit margin and future P/E that broadly offset each other in their models. Valuation Changes Fair Value: Model fair value remains steady at $50.00, indicating no change in the headline valuation output.
AMR
US$203.74
Alpha Metallurgical Resources
7D
-0.7%
1Y
81.7%

AMR: Heavy Buybacks And Expected Quarterly Loss Will Shape Future Returns

Analysts have kept Alpha Metallurgical Resources' average price target steady at $207.00, citing updated assumptions for revenue growth, profit margins, the discount rate, and future P/E. They view these assumptions as broadly consistent with prior expectations.
CMC
US$61.17
Commercial Metals
7D
-0.4%
1Y
56.0%

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$93.01
Warrior Met Coal
7D
-0.2%
1Y
114.1%

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$173.26
Nucor
7D
2.5%
1Y
67.1%
MTUS
US$16.10
Metallus
7D
-1.5%
1Y
40.6%

MTUS: Buybacks And Labor Progress Will Support Sector Weight Case Into 2026

Analysts have adjusted their outlook on Metallus with a modestly refined price target of about $18.00, reflecting updated assumptions for discount rate, revenue growth, profit margin, and future P/E following the latest sector weight initiation from Street research. Analyst Commentary Bullish Takeaways Bullish analysts view the sector weight stance as consistent with an $18.00 target, suggesting the stock is roughly aligned with peers on risk and return expectations.
RYZ
US$22.55
Ryerson Holding
7D
0.3%
1Y
8.4%
ASTL
US$4.41
Algoma Steel Group
7D
6.8%
1Y
1.8%