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    April 6, 2023

    AHMSA Sales Plan Moves Forward

    Written by Michael Cowden

    Altos Hornos de México (AHMSA) is proceeding with a plan that would see the company sold to a group of investors, according to a filing with the Mexican Stock Exchange.

    ahmsa logoUnder terms of that deal, the Mexican steelmaker is expected to receive an initial infusion of $200 million to pay for working capital and labor obligations.

    Michael Cowden

    Michael Cowden is editor-in-chief for Steel Market Update. Cowden has covered the steel industry since 2007. He specializes in flat-rolled steel but has also reported on steel long products, steel pipe and tube, and aluminum. Before joining SMU, Cowden held reporting jobs at Fastmarkets AMM in Chicago, the Associated Press in Pittsburgh, and the Cambodia Daily in Phnom Penh. He has also worked as a copy editor and in marketing at the University of Chicago Press. Cowden has a BA in English from the University of Chicago and an MSJ journalism from Northwestern University’s Medill School of Journalism. Contact him at michael@steelmarketupdate.com or 724-759-7872.

    Read more from Michael Cowden

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