ArcelorMittal South Africa Ltd (AMSIY)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
ArcelorMittal South Africa Ltd (AMSIY) trades at $0.13 with AI Score 41/100 (Grade C). ArcelorMittal South Africa Ltd, a subsidiary of Arcelormittal Holdings Ag, manufactures and sells a range of long and flat steel products primarily for the South African and broader African markets. Market cap: $246.53M, Sector: Basic materials.
Price live · AI analysis from Jun 14, 2026Analyst Coverage for AMSIY: AMSIY does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates AMSIY against Basic Materials peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
AMSIY: the 1 perspectives are evenly split.
How is this calculated? →ArcelorMittal South Africa Ltd (AMSIY) Materials & Commodity Exposure
ArcelorMittal South Africa Ltd is a foundational steel producer in Southern Africa, specializing in long and flat steel products for construction and industrial applications. As a subsidiary of Arcelormittal Holdings Ag, it leverages a long operational history to serve regional infrastructure development and manufacturing demands.
What Is the Investment Thesis for AMSIY?
ArcelorMittal South Africa Ltd operates as a key steel producer within the South African and broader African markets, offering a range of long and flat steel products critical for construction, automotive, and other industrial applications. The investment thesis centers on its established position as a major domestic supplier in a region with persistent infrastructure development requirements. While the company currently reports a negative profit margin of -9.0% and a gross margin of 6.5%, indicating operational challenges, its substantial market capitalization of $246.53M suggests a significant asset base and operational scale. Potential growth catalysts include increased infrastructure spending within South Africa and neighboring African countries, which would directly drive demand for its steel products. Furthermore, any stabilization or recovery in global steel prices could positively impact its profitability. The company's beta of 1.01 suggests its stock price generally moves in line with the broader market, indicating sensitivity to overall economic conditions. Value drivers also include potential operational efficiencies and cost management initiatives that could improve its current margin profile. Investors should monitor trends in raw material costs, as these significantly influence steel production economics, and assess the impact of any changes in import/export tariffs on its competitive landscape.
Based on FMP financials and quantitative analysis
AMSIY Key Highlights
- Market Capitalization: $0.25 billion, reflecting its valuation as a significant industrial entity within the basic materials sector.
- Profit Margin: -9.0%, indicating the company is currently operating at a net loss relative to its revenue.
- Gross Margin: 6.5%, representing the profitability of its core steel manufacturing operations before operating expenses.
- Beta: 1.01, suggesting the stock's volatility is closely aligned with the overall market, indicating a moderate level of systemic risk.
- Dividend Yield: None, as the company does not currently distribute dividends to shareholders.
Who Are AMSIY's Competitors?
AMSIY is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| FEEXY Ferrexpo plc | $1.65 | +0.00% | $242.70M | 54 |
| FEEXF Ferrexpo plc | $0.39 | +0.00% | $228.65M | 54 |
| MSB Mesabi Trust | $25.89 | +1.17% | $339.68M | 53 |
| APMSF Aperam S.A. | $44.70 | +0.00% | $3.23B | 52 |
| MTGRY MGX Resources Limited | $2.85 | +0.88% | $3.43B | 41 |
| CISXF China Steel Corporation | $19.87 | +33.36% | $15.14B | 41 |
| CKSNY Vesuvius plc | $6.36 | +10.61% | $1.57B | 42 |
| BLSFY BlueScope Steel Limited | $111.72 | -7.96% | $9.79B | 42 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are AMSIY's Key Strengths?
- Established position as a major domestic steel supplier in South Africa.
- Diverse product portfolio including long and flat steel, commercial coke, and by-products.
- Long operational history since 1928, indicating experience and market presence.
- Subsidiary of Arcelormittal Holdings Ag, potentially offering strategic advantages.
What Are AMSIY's Weaknesses?
- Negative profit margin of -9.0% indicates current unprofitability.
- Relatively low gross margin of 6.5%, suggesting cost pressures or pricing challenges.
- Exposure to fluctuating global steel prices and raw material costs.
- Reliance on economic conditions in South Africa and the broader African market.
What Could Drive AMSIY Stock Higher?
- Increased government spending on infrastructure projects in South Africa and neighboring regions.
- Efforts to improve operational efficiencies and cost management within its steel production facilities.
- Potential stabilization or recovery in global steel prices, positively impacting revenue and margins.
- Demand growth from the automotive and general manufacturing sectors in its target markets.
What Are the Key Risks for AMSIY?
- Weak fundamentals — a Piotroski F-Score of 3/9 flags soft profitability, leverage or efficiency.
- Fluctuations in global steel prices, directly impacting revenue and profitability.
- Volatility in raw material costs, such as iron ore and coking coal, affecting production expenses.
- Economic downturns or instability in South Africa, reducing demand for steel products.
- Intense competition from imported steel, potentially pressuring domestic pricing and market share.
- Regulatory changes or trade tariffs that could impact import/export dynamics and operational costs.
What Are the Growth Opportunities for AMSIY?
- Increased Infrastructure Spending in Africa: The African continent, particularly South Africa, has significant infrastructure deficits, leading to ongoing and planned investments in roads, railways, ports, and public utilities. ArcelorMittal South Africa, as a major domestic steel supplier, is strategically positioned to benefit from these large-scale projects. The demand for long steel products (rebar, structural steel) and flat steel (plates for construction) would directly increase, potentially leading to higher sales volumes and improved capacity utilization. This trend is expected to continue over the next decade as governments prioritize economic development and connectivity.
- Urbanization and Housing Development: Rapid urbanization across South Africa and other African nations is driving substantial demand for residential and commercial construction. This creates a consistent need for steel products, including rebar, wire rods, and structural components. ArcelorMittal South Africa's comprehensive product range, catering to various construction needs, positions it to capture a significant share of this expanding market. The timeline for this opportunity is long-term, driven by demographic shifts and economic growth in the region.
- Automotive Sector Recovery and Growth: The automotive manufacturing sector in South Africa is a significant consumer of flat steel products, particularly hot and cold rolled coils. As the global and regional automotive industries recover from economic downturns and potentially expand, demand for these specialized steel products could increase. ArcelorMittal South Africa's existing supply relationships and capabilities in producing high-quality flat steel position it to capitalize on this sector's growth, which is often tied to export markets and domestic consumer spending trends.
- Industrialization and Manufacturing Expansion: Beyond construction and automotive, general industrialization efforts across Africa are fostering growth in various manufacturing sectors, from machinery to consumer goods. These industries require diverse steel inputs, including specialized alloys and custom-fabricated steel components. ArcelorMittal South Africa's ability to produce a wide array of steel products and by-products allows it to serve this expanding industrial base, diversifying its customer portfolio and reducing reliance on any single sector. This opportunity is ongoing, evolving with regional economic policies and investment.
- Regional Export Market Penetration: While primarily serving South Africa, ArcelorMittal South Africa has the potential to expand its export footprint into neighboring African countries that may have less developed domestic steel production capabilities. Leveraging its scale and product range, the company could increase its market share in these regional markets, particularly for countries undergoing their own infrastructure and industrial development phases. This strategy would involve navigating regional trade agreements and logistics, offering a medium-to-long-term growth avenue.
What Opportunities Does AMSIY Have?
- Increased infrastructure spending in South Africa and other African nations.
- Growth in regional urbanization and housing development driving construction demand.
- Potential recovery and expansion of the automotive manufacturing sector.
- Further industrialization and manufacturing growth across the African continent.
What Threats Does AMSIY Face?
- Volatility in global steel prices and raw material input costs.
- Economic downturns or instability in South Africa and key African markets.
- Increased competition from imported steel products.
- Regulatory changes or tariffs impacting the steel industry.
What Are AMSIY's Competitive Advantages?
- Established Market Position: Long operational history since 1928 and status as a major domestic steel supplier in South Africa.
- Product Diversification: Offers a comprehensive range of long and flat steel products, catering to multiple industrial sectors.
- Parent Company Affiliation: Subsidiary of Arcelormittal Holdings Ag, potentially benefiting from global expertise, technology, and supply chain synergies.
- Scale of Operations: Significant employee base (7,013 employees) and operational footprint, indicative of substantial production capacity.
What Does AMSIY Do?
ArcelorMittal South Africa Ltd, established in 1928, stands as a significant manufacturer and seller of steel products within South Africa and the broader African continent. The company, originally known as Mittal Steel South Africa Limited, rebranded to its current name in October 2006, reflecting its affiliation with its parent company, Arcelormittal Holdings Ag. Headquartered in Vanderbijlpark, South Africa, AMSIY's operations are segmented into Steel Operations, Non-Steel Operations, and Other, indicating a diversified approach to its core business. The company's product portfolio is extensive, encompassing both flat and long steel products. Flat steel offerings include hot rolled plates, which are crucial for heavy fabrication and construction, alongside hot and cold rolled coils, essential for automotive manufacturing, general engineering, and appliance production. These products cater to a wide array of industrial applications, providing fundamental materials for infrastructure development and various manufacturing sectors. In addition to flat steel, ArcelorMittal South Africa Ltd produces long steel products, which are vital for the construction industry, used in rebar, wire rods, and structural sections. The company also engages in the production of commercial coke and various by-products, further diversifying its revenue streams and optimizing its operational output. With 7,013 employees, AMSIY maintains a substantial operational footprint, positioning itself as a major domestic steel supplier in a region characterized by ongoing infrastructure needs. Its long-standing presence and comprehensive product range underscore its established role in the regional basic materials sector.
What Products and Services Does AMSIY Offer?
- Manufactures and sells long steel products, including rebar and wire rods.
- Produces and sells flat steel products, such as hot rolled plates and hot and cold rolled coils.
- Operates through distinct segments: Steel Operations, Non-Steel Operations, and Other.
- Supplies steel to the construction industry for various infrastructure and building projects.
- Provides steel materials for the automotive sector and general manufacturing.
- Produces commercial coke and various by-products from its steelmaking processes.
- Serves the South African and broader African markets as a major domestic steel supplier.
How Does AMSIY Make Money?
- Production and Sales: Generates revenue primarily from the manufacturing and direct sale of a diverse range of steel products (long and flat steel) to industrial customers.
- By-product Monetization: Earns additional revenue from the sale of commercial coke and other by-products derived from its steel production processes.
- Integrated Operations: Leverages its operational segments (Steel Operations, Non-Steel Operations) to manage the entire steel value chain, from raw material processing to finished product distribution.
What Industry Does AMSIY Operate In?
ArcelorMittal South Africa Ltd operates within the global steel industry, a cyclical sector intrinsically linked to economic growth, infrastructure development, and manufacturing output. The company's primary market is South Africa and the broader African region, where demand for steel is driven by urbanization, industrialization, and significant infrastructure projects. Global steel prices are subject to volatility due to factors such as raw material costs (iron ore, coking coal), global supply-demand dynamics, and trade policies. AMSIY's position as a major domestic supplier in South Africa provides a degree of insulation from international competition, particularly concerning local content requirements for public projects. However, it remains exposed to imports and the overall economic health of its operating regions. The industry is characterized by high capital intensity and sensitivity to energy costs, making operational efficiency and cost management critical for profitability.
Who Are AMSIY's Key Customers?
- Construction companies and infrastructure developers requiring long steel products like rebar and structural steel.
- Automotive manufacturers utilizing flat steel products for vehicle components and bodywork.
- General manufacturing industries needing various steel inputs for machinery, appliances, and fabricated goods.
- Distributors and traders of steel products within South Africa and potentially other African markets.
ArcelorMittal South Africa Ltd Financial Trajectory
ArcelorMittal South Africa Ltd (AMSIY) reported $18.09B in revenue for Q4 2024, a decline of 11.8% compared to the prior quarter. The company recorded a net loss of $5.23B, with diluted EPS of $-4.70.
Company Profile
ArcelorMittal South Africa Ltd operates in the Steel industry within the Basic Materials sector. It is headquartered in Vanderbijlpark, ZA. The company is led by CEO Hendrik Jacobus Verster BCom EMP, MBL. AMSIY has traded publicly since 1994.
How ArcelorMittal South Africa Ltd Is Valued
ArcelorMittal South Africa Ltd carries a market capitalization of $246.53M, placing it in the micro-cap category. Relative to its peer group, AMSIY's quantitative score of 41/100 is roughly in line with the peer average of 51/100.
Key Financial Metrics
Return on assets is -13.7%, showing how much profit it generates from its asset base. Its free cash flow yield is 65.8%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.90 means current liabilities exceed short-term assets, a liquidity point worth watching.
F-Score 3/9Financial Health
ArcelorMittal South Africa Ltd's Piotroski F-Score is 3/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny. Its Altman Z-Score of 2.16 places it in the grey zone, a middle ground that warrants monitoring.
AMSIY Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2024
Bull Case vs Bear Case
Bull Case
- Insider buying has increased recently, indicating confidence from leadership in the company's future performance.
- Community sentiment has turned positive as discussions highlight ArcelorMittal's strategic initiatives in sustainability and green steel production.
- Recent news suggests a potential increase in demand for steel due to infrastructure projects, positioning ArcelorMittal favorably in the market.
- Analysts are noting improvements in operational efficiency, which could lead to better profit margins moving forward.
Bear Case
- Concerns about global economic slowdowns have emerged, which could negatively impact steel demand and pricing.
- Social sentiment reflects unease over rising raw material costs, which may squeeze profit margins for the company.
- Recent discussions indicate skepticism regarding the effectiveness of management's strategies to navigate market volatility.
- Market perception remains cautious as geopolitical tensions could disrupt supply chains, affecting operational stability.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · April 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q4 2024 | $18.09B | -$5.23B | -$4.70 |
| Q2 2024 | $20.51B | -$607M | -$1.09 |
Based on FMP financials and quantitative analysis
AMSIY Latest News
No recent news available for AMSIY.
AMSIY Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for AMSIY.
Price Targets
Wall Street price target analysis for AMSIY.
AMSIY MoonshotScore
What does this score mean?
The MoonshotScore rates AMSIY's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: Hendrik Jacobus Verster BCom EMP, MBL
Chief Executive Officer
Hendrik Jacobus Verster holds a BCom EMP and an MBL, providing him with a strong academic foundation in business and management. His career trajectory has led him to the helm of ArcelorMittal South Africa Ltd, where he is responsible for managing a substantial workforce of 7,013 employees. His educational background in commerce and business leadership equips him with the strategic and operational insights necessary to navigate the complexities of the basic materials sector, particularly within the steel industry in a developing market context.
Track Record: Under Mr. Verster's leadership, ArcelorMittal South Africa Ltd continues to operate as a significant steel producer in the region. His tenure is marked by the ongoing management of a large-scale industrial enterprise, focusing on the production and sale of diverse steel products. Key strategic decisions likely involve navigating fluctuating commodity markets, optimizing operational efficiencies, and addressing the specific economic challenges and opportunities within the South African steel sector.
AMSIY OTC Market Information
ArcelorMittal South Africa Ltd trades on the OTC (Over-The-Counter) market under the "OTC Other" tier. This tier typically includes companies that do not meet the listing requirements for higher OTC tiers like OTCQX or OTCQB, or major exchanges like NYSE or NASDAQ. Companies in the "OTC Other" tier often have limited public disclosure requirements, which can result in less readily available financial and operational information compared to exchange-listed or higher-tier OTC securities. This classification signifies a less regulated trading environment.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited transparency due to "Unknown" disclosure status, making comprehensive due diligence difficult.
- Lower liquidity compared to exchange-listed stocks, potentially leading to wider bid-ask spreads and difficulty executing trades.
- Increased volatility due to fewer regulatory oversight and less institutional investor interest.
- Potential for price manipulation given the less regulated environment.
- Difficulty in obtaining reliable and timely financial information for informed decision-making.
- Verify the company's latest available financial statements and annual reports directly from the company or its parent.
- Research any news or press releases from the company or its parent (Arcelormittal Holdings Ag) for operational updates.
- Assess the trading volume and bid-ask spread over a period to understand liquidity.
- Investigate any regulatory filings or disclosures made in its home country (South Africa).
- Understand the ownership structure, especially its relationship with Arcelormittal Holdings Ag.
- Evaluate the company's business model and market position within the South African steel industry.
- Seek independent research or analysis, if available, from reputable sources.
- Subsidiary of Arcelormittal Holdings Ag, a globally recognized steel and mining company, lending credibility.
- Long operational history, founded in 1928, indicating a well-established business.
- Clear business description as a manufacturer and seller of steel products.
- Identified CEO (Hendrik Jacobus Verster) managing a significant employee base (7,013 employees).
- Headquartered in Vanderbijlpark, South Africa, indicating a physical presence and operational base.
What Investors Ask About ArcelorMittal South Africa Ltd (AMSIY) — Basic Materials
What does ArcelorMittal South Africa Ltd do?
ArcelorMittal South Africa Ltd is a prominent steel producer and seller based in Vanderbijlpark, South Africa, operating as a subsidiary of Arcelormittal Holdings Ag. The company specializes in manufacturing a diverse range of long and flat steel products. Its flat steel offerings include hot rolled plates, as well as hot and cold rolled coils, which are essential for industries such as automotive, construction, and general manufacturing. For the construction sector, it provides long steel products like rebar and structural steel. Additionally, the company produces commercial coke and various by-products, diversifying its revenue streams. With a history dating back to 1928, AMSIY serves as a major domestic supplier, catering to the infrastructure and industrial needs of South Africa and the broader African market.
What are the key financial metrics investors watch for AMSIY?
For ArcelorMittal South Africa Ltd, investors typically focus on several key financial metrics pertinent to the basic materials and steel industry. Given its current financial performance, the Profit Margin (-9.0%) and Gross Margin (6.5%) are critical indicators of operational efficiency and pricing power within a volatile commodity market. A negative profit margin signals current unprofitability, making improvements in these metrics a significant point of interest. Market Capitalization ($0.25 billion) provides a snapshot of its overall valuation. Additionally, its Beta (1.01) indicates its stock price sensitivity to broader market movements. Investors also monitor raw material costs (e.g., iron ore, coking coal) and steel selling prices, as these directly impact the company's cost of goods sold and revenue generation, respectively.
What are the main risks for AMSIY?
ArcelorMittal South Africa Ltd faces several significant risks inherent to the steel industry and its operating environment. A primary concern is the volatility of global steel prices, which can fluctuate widely based on supply-demand dynamics, impacting the company's revenue and profitability. Concurrently, fluctuations in raw material costs, such as iron ore and coking coal, directly affect its production expenses and gross margins. The company is also exposed to economic conditions in South Africa and the broader African market; any downturns or instability in these regions could reduce demand for steel products. Furthermore, competition from imported steel poses a continuous threat, potentially leading to pricing pressures and a reduction in market share. Lastly, regulatory changes or trade tariffs that could impact its operational costs and competitive landscape.
What are the key factors to evaluate for AMSIY?
ArcelorMittal South Africa Ltd (AMSIY) holds an AI score of 41/100 (low). Not financial advice.
How frequently does AMSIY data refresh on this page?
AMSIY prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven AMSIY's recent stock price performance?
ArcelorMittal South Africa Ltd (AMSIY) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Established position as a major domestic steel supplier in South Africa. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider AMSIY overvalued or undervalued right now?
Valuing ArcelorMittal South Africa Ltd (AMSIY) requires multiple metrics. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying AMSIY?
Before investing in ArcelorMittal South Africa Ltd (AMSIY), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
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- Information is based solely on provided source data. No external research or market data beyond the provided text has been used. Competitors section is empty as no FMP PEER TICKERS were provided.