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South African (JSE) Steel Industry Analysis

UpdatedAug 05, 2026
DataAggregated Company Financials
Companies2
  • 7D-1.1%
  • 3M-21.0%
  • 1Y-12.8%
  • YTDn/a

Over the last 7 days, the Steel industry has dropped 1.1%, driven by Kumba Iron Ore declining 1.2%. The industry has fallen 13% in the last year. As for the next few years, earnings are forecast to decline by 1.1% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 06 Aug 2026R85.1bR72.3bR11.8b15.3x7.2x1.2x
Sat, 04 Jul 2026R95.1bR75.9bR14.8b14.4x6.4x1.3x
Mon, 01 Jun 2026R107.0bR75.9bR14.8b14.5x7.3x1.4x
Wed, 29 Apr 2026R101.2bR75.9bR14.8b13.5x6.9x1.3x
Fri, 27 Mar 2026R102.6bR75.9bR14.8b13.6x7x1.4x
Sun, 22 Feb 2026R118.3bR76.3bR14.8b12.1x8x1.6x
Tue, 20 Jan 2026R119.3bR108.7bR9.3b11.7x12.8x1.1x
Thu, 18 Dec 2025R113.5bR108.7bR9.3b10.8x12.2x1x
Sat, 15 Nov 2025R111.0bR108.7bR9.3b11.3x12x1x
Mon, 13 Oct 2025R105.7bR108.7bR9.3b11.2x11.4x1x
Wed, 10 Sep 2025R104.8bR108.7bR9.3b10.4x11.3x1x
Fri, 08 Aug 2025R99.7bR110.9bR9.8b5.4x10.2x0.9x
Sun, 06 Jul 2025R100.6bR115.6bR9.5b5.7x10.6x0.9x
Tue, 03 Jun 2025R98.2bR115.6bR9.5b5.4x10.3x0.9x
Thu, 01 May 2025R108.2bR115.6bR9.5b5.6x11.4x0.9x
Sat, 29 Mar 2025R109.0bR115.6bR9.5b5.7x11.4x0.9x
Mon, 24 Feb 2025R126.9bR116.3bR10.3b5.2x12.3x1.1x
Wed, 22 Jan 2025R122.0bR134.1bR16.9b4.3x7.2x0.9x
Fri, 20 Dec 2024R107.8bR134.1bR16.9b3.8x6.4x0.8x
Sun, 17 Nov 2024R112.5bR134.1bR16.9b3.9x6.7x0.8x
Tue, 15 Oct 2024R124.9bR134.1bR16.9b4.2x7.4x0.9x
Thu, 12 Sep 2024R111.6bR134.1bR16.9b3.9x6.6x0.8x
Sat, 10 Aug 2024R128.7bR134.6bR18.1b4.1x7.1x1x
Mon, 08 Jul 2024R155.3bR137.1bR20.6b4.3x7.6x1.1x
Wed, 05 Jun 2024R153.6bR137.1bR20.6b4.2x7.5x1.1x
Fri, 03 May 2024R151.7bR137.1bR20.6b4.1x7.4x1.1x
Sun, 31 Mar 2024R153.5bR137.1bR20.6b4.4x7.5x1.1x
Tue, 27 Feb 2024R177.7bR136.3bR20.3b4.8x8.7x1.3x
Thu, 25 Jan 2024R187.1bR117.4bR13.8b8.1x13.6x1.6x
Sat, 23 Dec 2023R199.1bR117.4bR13.8b8.5x14.4x1.7x
Mon, 20 Nov 2023R184.1bR117.4bR13.8b7.9x13.4x1.6x
Wed, 18 Oct 2023R162.6bR117.4bR13.8b7.1x11.8x1.4x
Fri, 15 Sep 2023R155.3bR117.4bR13.8b6.8x11.3x1.3x
Sun, 13 Aug 2023R147.9bR116.9bR13.7b6.5x10.8x1.3x
Price to Earnings Ratio

10.8x


Total Market Cap: R147.9bTotal Earnings: R13.7bTotal Revenue: R116.9bTotal 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 4.8% per year over the last three years,
  • Revenues have also declined 15% 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 Market3.43%
Materials7.39%
Metals and Mining8.86%
Steel-1.08%
Aluminum28.82%
Precious Metals and Minerals13.29%
Diversified Metals and Mining7.75%
Gold5.71%
Copper-4.35%
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 AfricaR1.323.9%
+R71.5m		46.7%PS0.07x

Latest News

ACL
R1.32
ArcelorMittal South Africa
7D
3.9%
1Y
46.7%
KIO
R256.42
Kumba Iron Ore
7D
-2.1%
1Y
-13.9%
Narrative Update • Aug 03

KIO: Future Returns Will Depend On Stable Output And Higher Earnings Multiple

Kumba Iron Ore's updated analyst price target has shifted to ZAR 286.13 from ZAR 304.14, as analysts factor in slightly higher discount rates, softer revenue growth expectations, modestly lower profit margins, and a higher assumed future P/E multiple. What's in the News for Kumba Iron Ore Kumba Iron Ore released production results for the second quarter of 2026, with output of 8,844,000 tonnes, compared with 9,257,000 tonnes in the same quarter of the prior year.