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    CRU

    April 20, 2023

    CRU: Court Accepts AHMSA's Bankruptcy Request, Investors Named

    Written by CRU & Ethan Bernard

    A Mexican court has declared steel sheet producer Altos Hornos de Mexico (AHMSA) bankrupt and appointed the National Chamber of Commerce of Muzquiz city, Coahuila state, as trustee.

    The determination, published in the country’s Official Gazette on April 17, follows the company filing a bankruptcy petition in January.

    CRU

    CRU offers unrivaled business intelligence on the global metals, mining, and fertilizer industries through market analysis, price assessments, consultancy, and events.

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    Ethan Bernard

    Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.

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    CRU: HR coil futures re-price 2027 forward curve

    CME Group’s hot-rolled coil futures have jumped higher as the loss of a reheating line at a large Southern mill have renewed domestic production issues. At market close on Oct. 12, the Q4'26 futures are now pricing in $1,295 per short ton (st) for HR coil, a month-over-month (m/m) increase of $63/st. For 2027, the forward curve is up $80 /st vs. September, at $1,207/st. For November 2026 through March 2027, prices are at an average just above $1,300/st.