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South African (JSE) Steel Industry Analysis

UpdatedDec 13, 2025
DataAggregated Company Financials
Companies3
  • 7D-0.3%
  • 3M6.0%
  • 1Y0.01%
  • YTDn/a

Over the last 7 days, the Steel industry has dropped 1.8%, driven by Kumba Iron Ore declining 1.9%. Overall the industry is down 3.6% in 12 months. 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
Sat, 13 Dec 2025R113.8bR108.7bR9.3b10.8x12.2x1x
Mon, 10 Nov 2025R110.4bR108.7bR9.3b11.4x11.9x1x
Wed, 08 Oct 2025R106.9bR108.7bR9.3b11.2x11.5x1x
Fri, 05 Sep 2025R105.3bR108.7bR9.3b10.7x11.3x1x
Sun, 03 Aug 2025R96.9bR110.9bR9.8b5.4x9.9x0.9x
Tue, 01 Jul 2025R96.2bR115.6bR9.5b5.6x10.1x0.8x
Thu, 29 May 2025R97.3bR115.6bR9.5b5.3x10.2x0.8x
Sat, 26 Apr 2025R106.8bR115.6bR9.5b5.6x11.2x0.9x
Mon, 24 Mar 2025R114.3bR115.6bR9.5b5.8x12x1x
Wed, 19 Feb 2025R121.8bR131.6bR15.8b3.9x7.7x0.9x
Fri, 17 Jan 2025R121.8bR134.1bR16.9b4.2x7.2x0.9x
Sun, 15 Dec 2024R113.4bR134.1bR16.9b3.9x6.7x0.8x
Tue, 12 Nov 2024R113.7bR134.1bR16.9b3.9x6.7x0.8x
Thu, 10 Oct 2024R123.4bR134.1bR16.9b4.2x7.3x0.9x
Sat, 07 Sep 2024R107.7bR134.1bR16.9b3.7x6.4x0.8x
Mon, 05 Aug 2024R127.7bR134.6bR18.1b4.1x7.1x0.9x
Wed, 03 Jul 2024R148.6bR137.1bR20.6b4.2x7.2x1.1x
Fri, 31 May 2024R162.3bR137.1bR20.6b4.4x7.9x1.2x
Sun, 28 Apr 2024R157.2bR137.1bR20.6b4.3x7.6x1.1x
Tue, 26 Mar 2024R156.0bR137.1bR20.6b4.4x7.6x1.1x
Thu, 22 Feb 2024R173.2bR136.3bR20.3b4.7x8.5x1.3x
Sat, 20 Jan 2024R178.1bR117.4bR13.8b7.7x12.9x1.5x
Mon, 18 Dec 2023R192.7bR117.4bR13.8b8.2x14x1.6x
Wed, 15 Nov 2023R189.0bR117.4bR13.8b8.1x13.7x1.6x
Fri, 13 Oct 2023R156.9bR117.4bR13.8b6.8x11.4x1.3x
Sun, 10 Sep 2023R135.2bR117.4bR13.8b6x9.8x1.2x
Tue, 08 Aug 2023R151.3bR116.9bR13.7b6.6x11.1x1.3x
Thu, 06 Jul 2023R147.6bR122.7bR19.0b2.1x7.8x1.2x
Sat, 03 Jun 2023R156.9bR130.2bR25.5b2x6.1x1.2x
Mon, 01 May 2023R149.7bR130.2bR25.5b2.1x5.9x1.1x
Wed, 29 Mar 2023R148.7bR122.7bR19.0b2.4x7.8x1.2x
Fri, 24 Feb 2023R174.4bR123.4bR19.6b1.8x8.9x1.4x
Sun, 22 Jan 2023R173.5bR133.3bR30.9b1.7x5.6x1.3x
Tue, 20 Dec 2022R159.5bR132.8bR30.6b2x5.2x1.2x
Price to Earnings Ratio

5.2x


Total Market Cap: R159.5bTotal Earnings: R30.6bTotal Revenue: R132.8bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Steel Industry Price to Earnings3Y Average 9.3x202320242025
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 Market0.78%
Materials4.32%
Metals and Mining4.58%
Steel-0.34%
Precious Metals and Minerals6.20%
Gold3.83%
Diversified Metals and Mining2.63%
Aluminum-9.58%
Copper-20.27%
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
ACL ArcelorMittal South AfricaR1.252.5%
+R42.9m		-1.6%PS0.05x

Latest News

KIO
R341.14
Kumba Iron Ore
7D
-0.3%
1Y
0.9%

KIO: Fair Value Maintained While Production Faces Pressure From Plant Maintenance

Analysts have maintained their fair value estimate for Kumba Iron Ore at R323.58 per share. They cite only minor adjustments to discount rates and profit margin forecasts in their latest review.
ACL
R1.25
ArcelorMittal South Africa
7D
2.5%
1Y
-1.6%

Is ArcelorMittal South Africa (JSE:ACL) Using Debt Sensibly?

Sep 08
Is ArcelorMittal South Africa (JSE:ACL) Using Debt Sensibly?
MRF
R1.02
Merafe Resources
7D
-5.6%
1Y
-27.1%