Analysis
June 5, 2026
AHMSA bankruptcy auction moves forward
Written by David Schollaert
A Mexican court has approved the joint auction of AHMSA and its MINOSA mining assets for $1.33 billion. The move paves the way for a single buyer to take control of all assests.
The revised sale plan was put forward after an earlier auction attempt failed. The aim is to keep the steel and mining assets as a standalone unit rather than being sold off separately.
Most of the value is tied to AHMSA’s steelmaking assets, with a smaller portion assigned to MINOSA’s mining operations. The court’s approach is intended to attract an investor to restart or continue both businesses in an integrated way, according to local media reports.
Sale proceeds will first go toward unpaid wages and worker benefits, with remaining funds then distributed to other recognized creditors.
Several secured creditors, including Pemex, Cargill, Banca Afirme, Unifin, Caterpillar, and Tubacero, have also been approved as qualified bidders.
The next step is for financial bids to open within 60 days, which could put a new owner in place by mid-August.
