Mexico's National Chamber of the Iron and Steel Industry (Canacero) reports that the closure of Altos Hornos de México (AHMSA) could result in a 15% decrease in annual steel production in Mexico. AHMSA's annual steel production in 2022 was 19.6 million tons, a 9.7% increase from 2021. Despite the company's sale to Argentem Creek Partners in March 2023, AHMSA has been facing liquidity issues, despite a promise of $200 million injection.
AHMSA closure could negatively affect annual steel production in Mexico
AHMSA's closure signifies a 15% decrease in annual steel production in Mexico, according to Canacero.
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