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South African (JSE) Steel Industry Analysis

UpdatedMay 06, 2026
DataAggregated Company Financials
Companies2
  • 7D3.9%
  • 3M-17.0%
  • 1Y2.2%
  • YTDn/a

In the last week, Steel has been flat. As for the longer term, the industry has declined 4.3% in the last year. In the next few years, earnings are forecast to decline by 13% annually.

Industry Valuation and Performance

Has the South African Steel Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 07 May 2026R104.8bR75.9bR14.8b13.7x7.1x1.4x
Sat, 04 Apr 2026R107.1bR75.9bR14.8b13.2x7.3x1.4x
Mon, 02 Mar 2026R120.7bR76.3bR14.8b12.2x8.2x1.6x
Wed, 28 Jan 2026R122.6bR108.7bR9.3b11.8x13.2x1.1x
Fri, 26 Dec 2025R115.9bR108.7bR9.3b11.3x12.5x1.1x
Sun, 23 Nov 2025R109.6bR108.7bR9.3b11.3x11.8x1x
Tue, 21 Oct 2025R106.5bR108.7bR9.3b11.2x11.5x1x
Thu, 18 Sep 2025R105.6bR108.7bR9.3b10.7x11.4x1x
Sat, 16 Aug 2025R100.2bR108.7bR9.3b10.8x10.8x0.9x
Mon, 14 Jul 2025R104.6bR115.6bR9.5b5.9x11x0.9x
Wed, 11 Jun 2025R100.4bR115.6bR9.5b5.6x10.5x0.9x
Fri, 09 May 2025R101.6bR115.6bR9.5b5.5x10.7x0.9x
Sun, 06 Apr 2025R91.4bR115.6bR9.5b5.1x9.6x0.8x
Tue, 04 Mar 2025R122.2bR116.3bR10.3b5x11.9x1.1x
Thu, 30 Jan 2025R120.5bR134.1bR16.9b4.2x7.1x0.9x
Sat, 28 Dec 2024R109.3bR134.1bR16.9b3.8x6.5x0.8x
Mon, 25 Nov 2024R113.0bR134.1bR16.9b4x6.7x0.8x
Wed, 23 Oct 2024R113.8bR134.1bR16.9b4x6.7x0.8x
Fri, 20 Sep 2024R114.7bR134.1bR16.9b4x6.8x0.9x
Sun, 18 Aug 2024R120.2bR134.1bR16.9b4.2x7.1x0.9x
Tue, 16 Jul 2024R147.0bR137.1bR20.6b4.1x7.1x1.1x
Thu, 13 Jun 2024R145.4bR137.1bR20.6b4x7.1x1.1x
Sat, 11 May 2024R168.1bR137.1bR20.6b4.5x8.2x1.2x
Mon, 08 Apr 2024R153.2bR137.1bR20.6b4.4x7.5x1.1x
Wed, 06 Mar 2024R174.0bR136.3bR20.3b4.9x8.6x1.3x
Fri, 02 Feb 2024R187.2bR117.4bR13.8b8.1x13.6x1.6x
Sun, 31 Dec 2023R202.4bR117.4bR13.8b8.6x14.7x1.7x
Tue, 28 Nov 2023R201.9bR117.4bR13.8b8.5x14.6x1.7x
Thu, 26 Oct 2023R160.6bR117.4bR13.8b6.9x11.6x1.4x
Sat, 23 Sep 2023R154.1bR117.4bR13.8b6.7x11.2x1.3x
Mon, 21 Aug 2023R131.5bR117.4bR13.8b5.9x9.5x1.1x
Wed, 19 Jul 2023R148.2bR122.7bR19.0b2.2x7.8x1.2x
Fri, 16 Jun 2023R175.3bR130.2bR25.5b2x6.9x1.3x
Sun, 14 May 2023R154.6bR130.2bR25.5b2.1x6.1x1.2x
Price to Earnings Ratio

6.1x


Total Market Cap: R154.6bTotal Earnings: R25.5bTotal Revenue: R130.2bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Steel Industry Price to Earnings3Y Average 9.6x202420252026
Current Industry PE
    There are only 2 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 17% per year over the last three years,
  • Revenues have also declined 16% 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 Market0.91%
Materials4.46%
Metals and Mining4.48%
Steel3.89%
Precious Metals and Minerals7.20%
Diversified Metals and Mining2.99%
Gold1.85%
Copper0%0
Aluminum0%0
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
KIO Kumba Iron OreR329.925.6%
+R5.6b		9.1%PE7.2x

Latest News

ACL
R1.28
ArcelorMittal South Africa
7D
-3.0%
1Y
10.3%
KIO
R329.92
Kumba Iron Ore
7D
5.6%
1Y
9.1%

KIO: Future Returns Will Depend On Dividends And Rail Logistics Delivery

Analysts have set their Kumba Iron Ore price target at ZAR306, down slightly from ZAR310.29. This reflects small updates to discount rate assumptions, softer revenue growth expectations, and a modestly higher profit margin outlook and future P/E estimate.