【SMM Steel】Mexican court halts auction of AHMSA and its subsidiary Minosa

Published: Mar 6, 2026 16:39

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【SMM Steel】A Mexican federal court voided the auction of assets belonging to AHMSA and its subsidiary Minosa, citing unmet legal requirements, including a $116m performance bond. The ruling aims to seek a better outcome for creditors, especially workers. A 20-business-day period was granted for a new plan to keep the company as a productive unit. AHMSA, Mexico's top steelmaker, has been in deep crisis since its 2024 bankruptcy. The government wants to ensure a fair recovery.

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