Steel Mills
AHMSA Workers Demonstrate Over Unpaid Wages: Local Media
June 2, 2023
Altos Hornos de México (AHMSA) workers and their wives demonstrated peacefully on Thursday, according to a local media report.
Monclova Mayor Mario Dávila expressed solidarity with the workers who met on Thursday morning at the municipal presidency building looking for support, according to an article in El Periódico La Voz on Thursday.
The action was taken because of a “lack of wages,” according to an invitation to the protest cited by La Voz in an earlier article.
Late last month SMU cited a local report that AHMSA has sold approximately 19,000 tons of scrap to help pay for workers’ salaries. The Mexican steelmaker is also raising money by selling coke from its coke plants, Mexico’s El Tiempo reported, citing comments from bankruptcy trustee Elmer Rocha.
The Mexican steelmaker halted production in December 2022. AHMSA was forecast to resume production in Q3 and to ramp up production in Q4 and into early 2024. To see a fuller background of AHMSA’s recent history, click here.
An email to an AHMSA spokesperson was not returned by time of publication.
By Ethan Bernard, ethan@steelmarketupdate.com
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