Narrative Update • Jun 03
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South African (JSE) Steel Industry Analysis
UpdatedJun 18, 2026
DataAggregated Company Financials
Companies2
- 7D6.9%
- 3M1.8%
- 1Y11.8%
- YTDn/a
In the last week, the Steel industry is up 3.6%, with all of the companies up. In the last 12 months, the industry was up 9.3%. In the next few years, earnings are forecast to decline by 12% 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 |
|---|---|---|---|---|---|---|
| Thu, 18 Jun 2026 | R101.7b | R75.9b | R14.8b | 14.6x | 6.9x | 1.3x |
| Sat, 16 May 2026 | R104.1b | R75.9b | R14.8b | 14.3x | 7.1x | 1.4x |
| Mon, 13 Apr 2026 | R106.2b | R75.9b | R14.8b | 13.3x | 7.2x | 1.4x |
| Wed, 11 Mar 2026 | R111.9b | R75.9b | R14.8b | 14.2x | 7.6x | 1.5x |
| Fri, 06 Feb 2026 | R128.2b | R108.7b | R9.3b | 12x | 13.8x | 1.2x |
| Sun, 04 Jan 2026 | R119.8b | R108.7b | R9.3b | 11.4x | 12.9x | 1.1x |
| Tue, 02 Dec 2025 | R112.5b | R108.7b | R9.3b | 11.1x | 12.1x | 1x |
| Thu, 30 Oct 2025 | R115.8b | R108.7b | R9.3b | 11.5x | 12.5x | 1.1x |
| Sat, 27 Sep 2025 | R108.2b | R108.7b | R9.3b | 10.9x | 11.7x | 1x |
| Mon, 25 Aug 2025 | R96.4b | R108.7b | R9.3b | 10.4x | 10.4x | 0.9x |
| Wed, 23 Jul 2025 | R108.8b | R115.6b | R9.5b | 6x | 11.4x | 0.9x |
| Fri, 20 Jun 2025 | R92.6b | R115.6b | R9.5b | 5.3x | 9.7x | 0.8x |
| Sun, 18 May 2025 | R104.7b | R115.6b | R9.5b | 5.5x | 11x | 0.9x |
| Tue, 15 Apr 2025 | R103.1b | R115.6b | R9.5b | 5.5x | 10.8x | 0.9x |
| Thu, 13 Mar 2025 | R110.5b | R115.6b | R9.5b | 5.9x | 11.6x | 1x |
| Sat, 08 Feb 2025 | R115.4b | R131.6b | R15.8b | 3.8x | 7.3x | 0.9x |
| Mon, 06 Jan 2025 | R110.6b | R134.1b | R16.9b | 3.9x | 6.6x | 0.8x |
| Wed, 04 Dec 2024 | R116.4b | R134.1b | R16.9b | 4x | 6.9x | 0.9x |
| Fri, 01 Nov 2024 | R116.5b | R134.1b | R16.9b | 4x | 6.9x | 0.9x |
| Sun, 29 Sep 2024 | R130.4b | R134.1b | R16.9b | 4.4x | 7.7x | 1x |
| Tue, 27 Aug 2024 | R121.7b | R134.1b | R16.9b | 4.3x | 7.2x | 0.9x |
| Thu, 25 Jul 2024 | R134.8b | R134.6b | R18.1b | 4.2x | 7.5x | 1x |
| Sat, 22 Jun 2024 | R152.6b | R137.1b | R20.6b | 4.3x | 7.4x | 1.1x |
| Mon, 20 May 2024 | R173.9b | R137.1b | R20.6b | 4.6x | 8.5x | 1.3x |
| Wed, 17 Apr 2024 | R160.5b | R137.1b | R20.6b | 4.2x | 7.8x | 1.2x |
| Fri, 15 Mar 2024 | R148.4b | R136.3b | R20.3b | 4.3x | 7.3x | 1.1x |
| Sun, 11 Feb 2024 | R179.0b | R119.4b | R10.7b | 7.7x | 16.8x | 1.5x |
| Tue, 09 Jan 2024 | R188.4b | R117.4b | R13.8b | 8.1x | 13.7x | 1.6x |
| Thu, 07 Dec 2023 | R195.5b | R117.4b | R13.8b | 8.3x | 14.2x | 1.7x |
| Sat, 04 Nov 2023 | R178.8b | R117.4b | R13.8b | 7.6x | 13x | 1.5x |
| Mon, 02 Oct 2023 | R150.8b | R117.4b | R13.8b | 6.6x | 10.9x | 1.3x |
| Wed, 30 Aug 2023 | R138.8b | R117.4b | R13.8b | 6.2x | 10.1x | 1.2x |
| Fri, 28 Jul 2023 | R160.4b | R118.0b | R17.1b | 2.2x | 9.4x | 1.4x |
| Sun, 25 Jun 2023 | R155.9b | R122.7b | R19.0b | 1.9x | 8.2x | 1.3x |
Price to Earnings Ratio
8.2x
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 8.1% 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 Market | 4.66% | |
| Materials | 11.59% | |
| Metals and Mining | 15.36% | |
| Steel | 6.86% | |
| Gold | 18.15% | |
| Precious Metals and Minerals | 14.15% | |
| Diversified Metals and Mining | 10.39% | |
| Copper | 0% | 0 |
| Aluminum | -0.59% | |
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 | R307.42 | 7.3% +R6.7b | 12.1% | PE6.7x |