Market Segment
February 27, 2026
AHMSA bankruptcy auction gets postponed
Written by Laura Miller
The public bankruptcy auction for the assets of Altos Hornos de Mexico has been postponed.
The Monclova, Coah.-based steelmaker issued a statement announcing the news on Thursday.
AHMSA said there was only one bidder and it failed to provide bid bond.
The court declared the auction void and granted the bankruptcy trustee 20 business days to present a new proposal for the sale “taking into account the current circumstances of the proceedings,” AHMSA said.
The court has ruled that AHMSA’s steelmaking assets and its MINOSA mining assets be sold as a standalone unit. However, with one remaining qualified bidder and no bids, it’s unclear how the bankruptcy auction proceedings will proceed.
