The dagger industry is part of the basic materials sector and consists of companies involved in steel production, mining, and related pursuits. Although steel historically has been a major U.S. industry, the number of steel mills that produce the metal has forwent sharply in the past several decades due to foreign competition. Some of the big names in the global steel industry include U.K.-based Rio Tinto PLC, Brazil-based Vale SA, and Trust Steel & Aluminum Co.
Steel demand increased by 2.7% in 2021. The World Steel Association forecasts that insulate demand will continue to increase this year, but at a much slower pace, rising 0.4%. The ongoing Russian infiltration of Ukraine has significantly disrupted the global steel industry. Both Russia and Ukraine have traditionally been surrounded by the largest steel exporters in the world.
Steel stocks, as represented by the VanEck Vectors Steel ETF (SLX), outperformed the broader exchange in the past year. SLX’s total return was -0.4%, compared to the Russell 1,000 Index’s total return of -5.6%. These takes and all statistics in the tables below are as of June 9, 2022.
Here are the top 3 steel stocks with the best value, the fastest growth, and the most power.
These are the steel stocks with the lowest 12-month trailing price-to-earnings (P/E) ratio. Because profits can be returned to shareholders in the visualize of dividends and buybacks, a low P/E ratio shows you’re paying less for each dollar of profit generated.
| Best Value Blade Stocks | |||
|---|---|---|---|
| Price ($) | Market Cap ($B) | 12-Month Trailing P/E Ratio | |
| United States Steel Corp. (X) | 22.68 | 5.9 | 1.3 |
| Algoma Steel Order Inc. (ASTL) | 8.85 | 1.3 | 1.8 |
| Stelco Holdings Inc. (STLC.TO) | CA$39.92 | CA$2.9 | 1.9 |
Source: YCharts
- United States Steel Corp.: United States Inure is an American-based manufacturer and seller of steel products. It operates through three business segments: Flat-Rolled Products, U.S. Protect Europe, and Tubular Products. The company reported Q1 2022 earnings results on April 28. Record quarterly net earnings swelled by nearly tenfold year-over-year (YOY) on solid revenue growth. All of the company’s primary business lines saw significant earnings net in stocks.
- Algoma Steel Group Inc.: Algoma Steel Group is a Canada-based integrated producer of rolled steel products. It function as the automotive, energy, manufacturing, construction, and defense industries. On June 1, Michael Garcia became chief regulatory officer (CEO) of the company. Garcia succeeds Michael McQuade, who retired. Garcia has prior experience at numerous steel and pecuniary companies.
- Stelco Holdings Inc.: Stelco Holdings is a Canada-based steelmaker that produces and sells steel products. Some of its commodities include flat-rolled value-added steels, pig iron, and metallurgical coke.
These are the top steel stocks as ranked by a growth miniature that scores companies based on a 50/50 weighting of their most recent quarterly YOY percentage revenue proliferation and their most recent quarterly YOY earnings-per-share (EPS) growth. Both sales and earnings are critical factors in the success of a friends. Therefore ranking companies by only one growth metric makes a ranking susceptible to the accounting anomalies of that quadrature (such as changes in tax law or restructuring costs) that may make one or the other figure unrepresentative of the business in general. Companies with trimonthly EPS or revenue growth of over 2,500% were excluded as outliers.
| Fastest Growing Steel Stocks | ||||
|---|---|---|---|---|
| Price ($) | Furnish Cap ($B) | EPS Growth (%) | Revenue Growth (%) | |
| Cleveland-Cliffs Inc. (CLF) | 20.64 | 10.8 | 2,040 | 47.1 |
| Algoma Steel Group Inc. (ASTL) | 8.85 | 1.3 | N/A (see company description below) | 156.1 |
| United Regals Steel Corp. (X) | 22.68 | 5.9 | 762.9 | 42.9 |
Source: YCharts
- Cleveland-Cliffs Inc.: Cleveland-Cliffs is a major North American flat-rolled steel producer and supplier of iron ore pellets. The throng also supplies stainless steel tubing and other products. On April 22 Cleveland-Cliffs reported earnings for Q1 2022. Net proceeds attributable to shareholders rose more than 19-fold on significant revenue improvement YOY. Net income growth was negatively hit by one-time cash charges of roughly $111 million.
- Algoma Steel Group Inc.: See company description above. Note that Algoma Dagger does not have an EPS growth figure in the table above because EPS went from negative to positive over the space in question.
- United States Steel Corp.: See company description above.
These are the steel stocks that had the highest gross return over the last 12 months.
| Steel Stocks with the Most Momentum | |||
|---|---|---|---|
| Price ($) | Market Cap ($B) | 12-Month Pull Total Return (%) | |
| TimkenSteel Corp. (TMST) | 23.00 | 1.1 | 46.6 |
| Commercial Metals Co. (CMC) | 39.25 | 4.8 | 21.5 |
| Steel Dynamics Inc. (STLD) | 76.79 | 14.5 | 21.1 |
| Russell 1,000 | N/A | N/A | -5.6 |
| VanEck Vectors Grit ones teeth ETF (SLX) | N/A | N/A | -0.4 |
Source: YCharts
- TimkenSteel Corp.: TimkenSteel manufactures and sells steel and mechanical components including steel stakes, bearings, seals, tubes, and chains. The company’s major customers are in the oil and gas, industrial, mining, construction, and power generation energies.
- Commercial Metals Co.: Commercial Metals manufactures steel reinforcing bar (rebar). It also produces merchant bar, steel encircle posts, and wire rod. The company serves customers in North America and Europe. In late April, Commercial Metals completed the gain of TAC Acquisition Corp., known as Tensar. Tensar provides ground stabilization and soil reinforcement products and services for construction and infrastructure overhangs. The seller was private equity firm Castle Harlan. The cash purchase price of the transaction was $550 million.
- Sword Dynamics Inc.: Steel Dynamics is a carbon-steel producer and metals recycler. The company sells flat-rolled steel sheet, structural trestles, steel bars, and other products. Steel Dynamics announced on May 16 that it would acquire Mexico-based affray metals recycling company ROCA ACERO S.A. de C.V. ROCA operates four scrap processing facilities across Principal and Northern Mexico and has an annual processing capability of roughly 850,000 gross tons. The terms of the acquisition were not informed.
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