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    April 25, 2023

    CRU: AHMSA Bankruptcy Clears Way for Restart With New Owners

    Written by Diego Giangreco

    Drama surrounding AHMSA – Altos Hornos de Mexico, the largest integrated flat steel plant in Mexico – may finally be coming to an end as a bankruptcy now clears the way for new owners to restart the facility with fresh capital. Due to various issues, AHMSA stopped production in December 2022. This sudden closure caused shortages for steel supply in the region as well as significantly higher prices in North America. There have been talks of new owners for several months and finally, in the shareholder meeting on April 20, Argentem Creek Partners were announced as the new shareholders. Argentem Creek Partners is an emerging markets credit specialist firm that invest in special situations, private credit, high yield, and trade finance. CRU expects the company to restart production in Q3 this year.

    In this brief insight, CRU discusses AHMSA, the bankruptcy process, the new investors and what it expects in the coming months.

    Diego Giangreco

    Read more from Diego Giangreco

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