Mexico’s steelmaker Altos Hornos de México (AHMSA), which has been idled for more than three years and has lost about 4 million tons of annual production capacity, is moving closer to launching its asset sale. 

Trustee Víctor Manuel Aguilera Gómez said auction terms for the company’s steel and mining assets have been submitted to the bankruptcy judge. The sale aims to safeguard creditors and revive Coahuila’s steel value chain. 

He revealed that eight domestic and international companies have expressed interest, with potential buyers including Villacero, Cargill Financial Services International, ArcelorMittal, and Nippon Steel. 

If judicial approval proceeds smoothly, the auction process could begin as early as January 2026.