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AHMSA's Asset Alienation: $5M Pellet Plant Parting
Mexico's Altos Hornos de México, known as AHMSA, sold its pellet plant in the United States for $5 million. The sale represents asset divestment by the financially troubled steelmaker navigating bankruptcy proceedings. Pellet plants produce iron ore pellets used as blast furnace feedstock for integrated steel production. The facility's United States location made it peripheral to AHMSA's core Mexican operations. The company faces severe financial difficulties involving multi-billion dollar obligations. The modest sale proceeds provide limited relief relative to total liabilities. AHMSA's workforce has endured extended periods without wages during the prolonged crisis.
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