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    Market Segment

    October 15, 2026

    Court turns to creditor consortium after AHMSA auction bid falls through

    Written by Laura Miller

    The leading bidder for bankrupt Mexican steelmaker Altos Hornos de México (AHMSA) failed to provide the required earnest money guarantee to confirm its $1.4 billion bid for the flat-rolled steelmaker and its Minera del Norte (MINOSA) mining assets. The court will now consider selling the assets to a consortium of creditors.

    After the bankruptcy auction on Sept. 25, the court overseeing the proceedings granted the leading bidder, Construcciones e Ingenierías Electromecánicas SA de CV (CIESA), 10 days to provide the bid bond of $56.3 million.

    Laura Miller

    Laura Miller is a reporter and editor for Steel Market Update. She has held various editorial positions with steel industry publications, associations, and mills since 2007. She joined the SMU team in 2022. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania.

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