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South African (JSE) Steel Industry Analysis

UpdatedSep 17, 2025
DataAggregated Company Financials
Companies3
  • 7D2.1%
  • 3M15.1%
  • 1Y-9.4%
  • YTDn/a

In the last week, the Steel industry is up 3.2%, with all of the companies up. However, the industry is down 8.7% over the past year. As for the next few years, earnings are forecast to decline by 8.5% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 18 Sep 2025R107.1bR108.7bR9.3b10.9x11.5x1x
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
Tue, 11 Apr 2023R150.7bR122.7bR19.0b2.4x7.9x1.2x
Thu, 09 Mar 2023R162.8bR123.4bR19.6b1.8x8.3x1.3x
Sat, 04 Feb 2023R181.9bR133.3bR30.9b1.6x5.9x1.4x
Mon, 02 Jan 2023R166.6bR132.8bR30.6b2x5.4x1.3x
Wed, 30 Nov 2022R158.8bR132.8bR30.6b1.8x5.2x1.2x
Fri, 28 Oct 2022R128.4bR132.8bR30.6b1.8x4.2x1x
Sun, 25 Sep 2022R122.1bR132.8bR30.6b1.7x4x0.9x
Price to Earnings Ratio

4x


Total Market Cap: R122.1bTotal Earnings: R30.6bTotal Revenue: R132.8bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Steel Industry Price to Earnings3Y Average 8.7x202320242025
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 Market1.14%
Materials2.18%
Metals and Mining2.58%
Steel2.12%
Gold4.74%
Copper3.23%
Precious Metals and Minerals0.39%
Diversified Metals and Mining-1.19%
Aluminum-7.31%
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 OreR315.501.0%
+R1.0b		-7.6%PE6.9x
ACL ArcelorMittal South AfricaR1.2514.7%
+R228.9m		4.2%PS0.05x
MRF Merafe ResourcesR1.051.0%
+R25.0m		-25.5%PE14.5x

Latest News

ACL
R1.25
ArcelorMittal South Africa
7D
14.7%
1Y
4.2%

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

Sep 08
Is ArcelorMittal South Africa (JSE:ACL) Using Debt Sensibly?
MRF
R1.05
Merafe Resources
7D
1.0%
1Y
-25.5%
KIO
R315.50
Kumba Iron Ore
7D
1.0%
1Y
-7.6%