Judge Ruth Haggi Huerta, presiding over the Second Federal District Court in Commercial Reorganization Matters, set September 25, 2026 as the tentative date for the joint auction of Altos Hornos de México (AHMSA) and Minera del Norte (Minosa), marking the first concrete judicial step forward after months of delays in the sale process of one of the country's largest steelmakers.
Both companies, headquartered in Monclova, Coahuila, have been in commercial reorganization proceedings since 2023 after halting operations due to a liquidity crisis. Altos Hornos de México is one of the country's most important integrated steelmakers, with the capacity to produce steel from iron ore and coal extraction through to finished products. The judge ordered that AHMSA and Minosa be sold as a single productive unit, without fragmenting the operation, under case files 19/2023 and 77/2022. A first auction attempt was declared void on February 27, 2026 due to the absence of bidders. For Coahuila and the northern region of the country, the outcome of this process determines the labor future of more than 8,000 former employees and an industrial supply chain that depends on the steelmaker.
Trustee Víctor Manuel Aguilera Gómez delivered the definitive auction terms on July 28, along with a calendar covering the publication of the tender notice, investor data room access, facility visits, and the receipt of offers, all in view of the September 25 hearing. The minimum sale price was set at $1,127 million, according to BNamericas. The asset valuation exceeds $1,300 million, while labor liabilities amount to approximately $700 million. Aguilera stated that the process is advancing "in strict compliance with the law, prioritizing speed," and that the terms are designed to attract serious bidders, both domestic and international.
The September 25 date remains subject to final court approval and may be adjusted before it is confirmed. Former employees, represented by Julián Torres Ávalos, are watching closely to ensure the notice is published without further delays and without affecting their labor rights, according to La Jornada.
This article was written with artificial intelligence assistance based on verified sources and reviewed by a human editor before publication.