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South African (JSE) Steel Industry Analysis
UpdatedNov 24, 2025
DataAggregated Company Financials
Companies3
- 7D2.1%
- 3M3.6%
- 1Y-0.3%
- YTDn/a
Over the last 7 days, the Steel industry has dropped 2.3%, driven by pullbacks in ArcelorMittal South Africa and Merafe Resources of 3.0% and 1.8%, respectively. Over the last year, the industry has been flat overall. In the next few years, earnings are forecast to decline by 14% annually.
Industry Valuation and Performance
Has the South African Steel Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 29 Nov 2025 | R109.6b | R108.7b | R9.3b | 11.3x | 11.8x | 1x |
| Mon, 27 Oct 2025 | R108.1b | R108.7b | R9.3b | 11.3x | 11.6x | 1x |
| Wed, 24 Sep 2025 | R109.1b | R108.7b | R9.3b | 10.8x | 11.7x | 1x |
| Fri, 22 Aug 2025 | R96.4b | R108.7b | R9.3b | 10.4x | 10.4x | 0.9x |
| Sun, 20 Jul 2025 | R99.5b | R115.6b | R9.5b | 5.6x | 10.4x | 0.9x |
| Tue, 17 Jun 2025 | R95.3b | R115.6b | R9.5b | 5.5x | 10x | 0.8x |
| Thu, 15 May 2025 | R108.4b | R115.6b | R9.5b | 5.7x | 11.4x | 0.9x |
| Sat, 12 Apr 2025 | R100.4b | R115.6b | R9.5b | 5.4x | 10.5x | 0.9x |
| Mon, 10 Mar 2025 | R118.5b | R116.3b | R10.3b | 5x | 11.5x | 1x |
| Wed, 05 Feb 2025 | R124.7b | R134.1b | R16.9b | 3.9x | 7.4x | 0.9x |
| Fri, 03 Jan 2025 | R111.6b | R134.1b | R16.9b | 3.9x | 6.6x | 0.8x |
| Sun, 01 Dec 2024 | R111.8b | R134.1b | R16.9b | 3.9x | 6.6x | 0.8x |
| Tue, 29 Oct 2024 | R118.6b | R134.1b | R16.9b | 4.1x | 7x | 0.9x |
| Thu, 26 Sep 2024 | R123.2b | R134.1b | R16.9b | 4.3x | 7.3x | 0.9x |
| Sat, 24 Aug 2024 | R121.0b | R134.1b | R16.9b | 4.2x | 7.2x | 0.9x |
| Mon, 22 Jul 2024 | R136.6b | R137.1b | R20.6b | 3.9x | 6.6x | 1x |
| Wed, 19 Jun 2024 | R153.2b | R137.1b | R20.6b | 4.3x | 7.5x | 1.1x |
| Fri, 17 May 2024 | R175.3b | R137.1b | R20.6b | 4.6x | 8.5x | 1.3x |
| Sun, 14 Apr 2024 | R161.7b | R137.1b | R20.6b | 4.4x | 7.9x | 1.2x |
| Tue, 12 Mar 2024 | R161.8b | R136.3b | R20.3b | 4.6x | 8x | 1.2x |
| Thu, 08 Feb 2024 | R181.3b | R117.4b | R13.8b | 7.8x | 13.1x | 1.5x |
| Sat, 06 Jan 2024 | R193.8b | R117.4b | R13.8b | 8.3x | 14.1x | 1.7x |
| Mon, 04 Dec 2023 | R200.3b | R117.4b | R13.8b | 8.5x | 14.5x | 1.7x |
| Wed, 01 Nov 2023 | R162.9b | R117.4b | R13.8b | 7x | 11.8x | 1.4x |
| Fri, 29 Sep 2023 | R151.4b | R117.4b | R13.8b | 6.6x | 11x | 1.3x |
| Sun, 27 Aug 2023 | R137.7b | R117.4b | R13.8b | 6.2x | 10x | 1.2x |
| Tue, 25 Jul 2023 | R146.9b | R122.7b | R19.0b | 2.1x | 7.7x | 1.2x |
| Thu, 22 Jun 2023 | R161.3b | R122.7b | R19.0b | 2x | 8.5x | 1.3x |
| Sat, 20 May 2023 | R157.1b | R130.2b | R25.5b | 2.1x | 6.2x | 1.2x |
| Mon, 17 Apr 2023 | R161.6b | R122.7b | R19.0b | 2.2x | 8.5x | 1.3x |
| Wed, 15 Mar 2023 | R159.2b | R123.4b | R19.6b | 1.7x | 8.1x | 1.3x |
| Fri, 10 Feb 2023 | R176.8b | R133.3b | R30.9b | 1.7x | 5.7x | 1.3x |
| Sun, 08 Jan 2023 | R181.3b | R133.3b | R30.9b | 1.6x | 5.9x | 1.4x |
| Tue, 06 Dec 2022 | R169.0b | R132.8b | R30.6b | 1.9x | 5.5x | 1.3x |
Price to Earnings Ratio
5.5x
Current Industry PE
- There are only 3 companies in the South African Steel industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.
Past Earnings Growth
- The earnings for companies in the Steel industry have declined 33% per year over the last three years,
- Revenues have also declined 6.5% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Comparison
How does South African Steel compare with similar industries?
| ZA Market | 0.86% | |
| Materials | 9.74% | |
| Metals and Mining | 10.80% | |
| Steel | 2.06% | |
| Precious Metals and Minerals | 13.72% | |
| Gold | 9.62% | |
| Diversified Metals and Mining | 7.25% | |
| Aluminum | -2.43% | |
| Copper | -7.41% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| KIO Kumba Iron Ore | R334.38 | 2.3% +R2.4b | 0.5% | PE7.3x |
