Steel Stocks — Fair Value & Margin of Safety

Equity Rank covers 13 Steel companies; 10 have a published model fair value, and 2 of those (20%) trade below the model estimate. The median model fair value sits 21.9% below the current price, under these model assumptions. Data as of 2026-10-22.

Source: Equity Rank — Steel stocks. Model fair value is a multi-method blend (DCF, Graham Number, earnings power, sector multiples and more), recomputed after each U.S. market close.

Steel stocks furthest below the model estimate

Among companies valued by at least five methods. A wide gap can also mean the models are missing something.

  1. TX — Ternium SA ADR: model fair value $62.27 vs. price $55.00, a model fair value differential of 13.2% above the current price (as of 2026-10-22)

All 13 Steel companies

TickerCompanyPriceModel fair valueGap
NUENucor Corp$258.06$163.93-36.5%
MTArcelorMittal SA ADR$60.18$55.30-8.1%
STLDSteel Dynamics Inc$239.90$149.98-37.5%
RSReliance Steel & Aluminum Co$418.06$229.54-45.1%
TXTernium SA ADR$55.00$62.27+13.2%
GGBGerdau SA ADR$5.07Not published—
CLFCleveland-Cliffs Inc$13.05Not published—
SIMGrupo Simec SAB de CV ADR$25.82Not published—
WSWorthington Steel Inc$40.47$42.21+4.3%
NWPXNWPX Infrastructure, Inc.$96.29$55.59-42.3%
MTUSMetallus, Inc$20.11$18.12-9.9%
FRDFriedman Industries Inc. Common Stock$40.63$35.56-12.5%
MSBMesabi Trust$19.28$13.24-31.3%

Largest companies first. Gap = model fair value differential versus the current price; positive means the price sits below the model estimate. “Not published” means the models lacked reliable data.

Compare Steel peers

NUE vs MT · NUE vs STLD · MT vs STLD

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