Industry ยท Oct 2026
Steel stocks ranked by gap to the model's fair value
Faircurve's model values 7 steel stocks. 4 of them are ranked below by the gap between the model's fair value and the last close, as of 31 Oct 2026: 0 read as Undervalued, 4 as Fairly valued and 0 as Overvalued. The median gap across the ranked names is +4.3%.
Valuations as of . Prices are the closes of 3 Nov 2026. The gap is the model's fair value against the price: a positive gap means the fair value is above the price. It states what the model concluded, not where the price goes next.
The ranking
| Rank | Company | Last close | Model fair value | Gap | Model verdict | Quality score | Market value |
|---|---|---|---|---|---|---|---|
| 1 | STLD Steel Dynamics, Inc. | $247.66 | $270.35 | +9.2% | Fairly valued | 63 | $35.7B |
| 2 | CMC Commercial Metals Company | $66.38 | $70.05 | +5.5% | Fairly valued | 77 | $7.0B |
| 3 | NUE Nucor Corporation | $273.53 | $282.12 | +3.1% | Fairly valued | 80 | $62.1B |
| 4 | RS Reliance Steel & Aluminum Co. | $443.84 | $418.36 | -5.7% | Fairly valued | 70 | $22.3B |
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Valued but not ranked
These 3 names are valued but not ranked, for one of four reasons: the model grades the evidence as low or has not graded it yet, the inputs are under review, the gap is wider than 60%, or the valuation is more than three weeks old. The numbers are shown for reference.
| Company | Last close | Model fair value | Gap | Why it is not ranked | Quality score | Market value |
|---|---|---|---|---|---|---|
| CLF Cleveland-Cliffs Inc. | $14.14 | $11.64 | -17.7% | Low evidence grade | 25 | $8.1B |
| CRS Carpenter Technology Corporation | $296.72 | $284.42 | -4.1% | Low evidence grade | $14.0B | |
| WS Worthington Steel, Inc. | $40.23 | $30.68 | -23.7% | Low evidence grade | 58 | $2.1B |