The assets of Altos Hornos de México (AHMSA) will be auctioned at the end of the first quarter of 2025, according to the trustee in charge of the steelmaker's bankruptcy, Víctor Manuel Aguilera Gómez. The team in charge continues the task of inventorying and valuing the assets still owned by the steel company located in Monclova, Coahuila.
"Currently, the inventory and valuation of AHMSA's assets are ongoing, a process expected to conclude between the end of February and the first week of March," detailed the steel company. Once this inventory is completed, interested parties will be invited to participate in the auction of the assets, scheduled for the end of March 2025.
In a letter addressed to the workers, Víctor Manuel Aguilera Gómez mentioned that the progress in this process depends on the existence of suitable conditions in the work areas, as some incidents were recently recorded with a group of employees from the steel company previously owned by Alonso Ancira.
On the other hand, regarding Minera del Norte (MINOSA), one of the subsidiaries of Altos Hornos de México, the trustee indicated that the inventory and valuation of the assets have already begun, estimating that they will conclude in the second half of March due to the speed with which the process is advancing, as there are fewer assets than in the steel plant in Monclova.
"In parallel, assets belonging to third parties will be identified that should eventually be returned to their legitimate owners," added the trustee in a statement.
The main objective of this bankruptcy process initiated on January 6 is to settle the debt that AHMSA has with Pemex, CFE, and another 1,700 creditors, as well as with the nearly 20,000 employees of the company. The goal is to complete the stages of the process in the shortest time possible, under the commitment to transparency and compliance with legal procedures, as emphasized in the steel company's message.