Increasing grown and risk-bearing capacity of enterprises is crucial to increase enterprise's values under China's social market economy. This paper uses A-listed steel enterprises 2016-2018 data to establish an evaluation system for steel enterprise growth from financial efficiency hierarchy and operation efficiency hierarchy, analyzes on cases the relation between enterprise growth and values, and discusses the moderation of bearing risks. Rise of steel enterprise growth level can outstandingly increase its values, and bearing risk plays a moderation between growth and values that a higher risk-bearing capacity is, a stronger positive push of enterprise growth to its values.