The trustee (Sindicatura) of Altos Hornos de México (AHMSA) and Minera del Norte (Minosa) published the formal auction notice on Friday, August 7, for the essential assets of both companies, with a minimum reference value of $1.127 billion. The notice opens the prequalification period for interested bidders.

The auction hearing was set for September 25 at 10:00 a.m., in the auditorium of the Federal Judiciary headquarters in Mexico City, under the supervision of the second district judge for commercial insolvency proceedings, according to El Siglo de Torreón. The process stems from the judicial order of July 31, which approved a special divestiture procedure. AHMSA was declared bankrupt in November 2024, with Minosa following suit months later. The first auction, held in February 2026, was declared void for lack of qualifying bidders. The outcome is of immediate concern to the Centro region of Coahuila, where reactivation of the steelworks is tied to thousands of jobs and the broader economy of Monclova.

The valuation of the productive unit, prepared by Levin, stands at $1.326 billion, and the minimum reference value equals 85 percent of that figure. The sale will be joint and indivisible: no partial bids on individual plants, mines, or equipment will be accepted. Key deadlines in the notice include:

The guarantee equals 5 percent of the minimum reference value, approximately $56 million, and secured creditors are exempt from this requirement. The combined liabilities of both companies exceed 61 billion pesos. Eight interested groups, domestic and foreign, are monitoring the process, according to BNamericas.

The public auction hearing is set for September 25 in Mexico City. The next calendar milestone is the close of prequalification on September 4. If the sale is completed, the new owner will have five months to submit its industrial reactivation plans.

This article was written with artificial intelligence assistance from verified sources and reviewed by a human editor before publication.