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South African (JSE) Steel Industry Analysis
UpdatedDec 05, 2025
DataAggregated Company Financials
Companies3
- 7D3.3%
- 3M8.1%
- 1Y-2.2%
- YTDn/a
In the last week, the Steel industry is flat overall, with ArcelorMittal South Africa standing out by going down 8.1%. As for the longer term, the industry has declined 5.4% in the last year. 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 |
|---|---|---|---|---|---|---|
| Fri, 05 Dec 2025 | R114.5b | R108.7b | R9.3b | 11.2x | 12.3x | 1.1x |
| Sun, 02 Nov 2025 | R115.6b | R108.7b | R9.3b | 11.4x | 12.4x | 1.1x |
| Tue, 30 Sep 2025 | R108.0b | R108.7b | R9.3b | 11.1x | 11.6x | 1x |
| Thu, 28 Aug 2025 | R100.7b | R108.7b | R9.3b | 10.7x | 10.8x | 0.9x |
| Sat, 26 Jul 2025 | R103.6b | R115.6b | R9.5b | 5.6x | 10.9x | 0.9x |
| Mon, 23 Jun 2025 | R92.1b | R115.6b | R9.5b | 5.4x | 9.7x | 0.8x |
| Wed, 21 May 2025 | R103.2b | R115.6b | R9.5b | 5.5x | 10.8x | 0.9x |
| Fri, 18 Apr 2025 | R102.1b | R115.6b | R9.5b | 5.5x | 10.7x | 0.9x |
| Sun, 16 Mar 2025 | R115.8b | R115.6b | R9.5b | 6.1x | 12.1x | 1x |
| Tue, 11 Feb 2025 | R115.8b | R131.6b | R15.8b | 3.8x | 7.3x | 0.9x |
| Thu, 09 Jan 2025 | R107.9b | R134.1b | R16.9b | 3.8x | 6.4x | 0.8x |
| Sat, 07 Dec 2024 | R116.1b | R134.1b | R16.9b | 4x | 6.9x | 0.9x |
| Mon, 04 Nov 2024 | R115.2b | R134.1b | R16.9b | 4x | 6.8x | 0.9x |
| Wed, 02 Oct 2024 | R131.9b | R134.1b | R16.9b | 4.4x | 7.8x | 1x |
| Fri, 30 Aug 2024 | R122.8b | R134.1b | R16.9b | 4.3x | 7.3x | 0.9x |
| Sun, 28 Jul 2024 | R134.5b | R134.6b | R18.1b | 4.2x | 7.4x | 1x |
| Tue, 25 Jun 2024 | R150.8b | R137.1b | R20.6b | 4.3x | 7.3x | 1.1x |
| Thu, 23 May 2024 | R180.4b | R137.1b | R20.6b | 4.8x | 8.8x | 1.3x |
| Sat, 20 Apr 2024 | R159.6b | R137.1b | R20.6b | 4.4x | 7.8x | 1.2x |
| Mon, 18 Mar 2024 | R136.7b | R136.3b | R20.3b | 4x | 6.7x | 1x |
| Wed, 14 Feb 2024 | R184.3b | R119.4b | R10.7b | 7.9x | 17.3x | 1.5x |
| Fri, 12 Jan 2024 | R183.9b | R117.4b | R13.8b | 7.9x | 13.3x | 1.6x |
| Sun, 10 Dec 2023 | R193.0b | R117.4b | R13.8b | 8.2x | 14x | 1.6x |
| Tue, 07 Nov 2023 | R173.9b | R117.4b | R13.8b | 7.5x | 12.6x | 1.5x |
| Thu, 05 Oct 2023 | R148.3b | R117.4b | R13.8b | 6.5x | 10.8x | 1.3x |
| Sat, 02 Sep 2023 | R140.5b | R117.4b | R13.8b | 6.3x | 10.2x | 1.2x |
| Mon, 31 Jul 2023 | R160.8b | R116.9b | R13.7b | 7x | 11.8x | 1.4x |
| Wed, 28 Jun 2023 | R155.7b | R122.7b | R19.0b | 1.8x | 8.2x | 1.3x |
| Fri, 26 May 2023 | R145.5b | R130.2b | R25.5b | 2.1x | 5.7x | 1.1x |
| Sun, 23 Apr 2023 | R151.5b | R130.2b | R25.5b | 2.2x | 5.9x | 1.2x |
| Tue, 21 Mar 2023 | R148.4b | R122.7b | R19.0b | 2.4x | 7.8x | 1.2x |
| Thu, 16 Feb 2023 | R177.5b | R130.8b | R26.1b | 2x | 6.8x | 1.4x |
| Sat, 14 Jan 2023 | R180.1b | R133.3b | R30.9b | 1.8x | 5.8x | 1.4x |
| Mon, 12 Dec 2022 | R171.3b | R132.8b | R30.6b | 1.9x | 5.6x | 1.3x |
Price to Earnings Ratio
5.6x
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 | 0.54% | |
| Materials | 1.26% | |
| Metals and Mining | 1.62% | |
| Steel | 3.29% | |
| Copper | 24.00% | |
| Diversified Metals and Mining | 6.09% | |
| Precious Metals and Minerals | 5.12% | |
| Gold | -1.91% | |
| Aluminum | -4.00% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| KIO Kumba Iron Ore | R343.08 | 3.7% +R3.9b | -1.3% | PE7.5x |
