Business · Companies · 5 hrs ago
AHMSA rescue could cost $3 billion and take up to 15 years, union leader says
Altos Hornos de México, known as AHMSA, is a steelmaker in Monclova, Coahuila, with a mining subsidiary called MINOSA.
Union leader and Morena lawmaker Napoleón Gómez Urrutia estimates that rescuing the companies would cost about $3 billion.
He bases that estimate on AHMSA’s debts to creditors and suppliers, as well as money owed to workers.
He says the plants and equipment have deteriorated, and getting them up to date could take 10 to 15 years after operations resume.
The shutdown has affected nearly 20,000 families who depended on AHMSA and MINOSA, according to Gómez Urrutia.
He argues that the government is the only actor able to lead a rescue and says he has written to President Claudia Sheinbaum about the issue.
He has also proposed a cooperative or partnership involving companies and workers, who he says know the production process well.
Union leader Napoleón Gómez Urrutia estimates that rescuing AHMSA and its subsidiary MINOSA would require about $3 billion.
He says restoring the steelmaker to its former scale could take 10 to 15 years after operations resume.
Gómez Urrutia says the government is the only party that could rescue the company and has written to President Claudia Sheinbaum about the issue.
His estimate includes AHMSA’s $1.8 billion debt to creditors, $600 million owed to suppliers and debts to workers.
He says a cooperative or partnership between companies and workers could be one way to revive the steelmaker.
- Who
- Napoleón Gómez Urrutia, leader of Mexico’s National Union of Mining, Metallurgical, Steel and Allied Workers, made the estimate.
- What
- He says rescuing AHMSA and its subsidiary MINOSA could cost about $3 billion and take up to 15 years to restore AHMSA.
- When
- El Financiero published the report on October 12, 2026.
- Where
- AHMSA is located in Monclova, Coahuila, Mexico.
- Why
- Gómez Urrutia says the company has large debts and its facilities have deteriorated.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Rescue estimate
- About $3 billion
- Debts to creditors
- $1.8 billion
- Debts to suppliers
- $600 million
- Recovery period
- 10 to 15 years after operations resume
- Location
- Monclova, Coahuila
- Families affected
- Almost 20,000 families depended on AHMSA and MINOSA operations
What people are saying
I would like the rescue of AHMSA to be revived because many families depended on that company (…) I don't see anyone willing to put in 3 billion or 2 billion dollars to pay debts and reactivate it; it is very difficult
The government must intervene in this situation
I think it still has hope, but a lot of money has to be put into it and once it starts operating, maybe in 10 or 15 years it can become the great company it once was
Sources
Related news
Mexico lawmakers consider narrowing transport companies’ toll tax benefit
Mexico Tech Week to discuss AI investment and research funding
Dr. Simi to open its first veterinary diagnostic lab in Mexico City
Mexico workplace rules must respect workers’ rights
Mexico’s financial education week to offer free events in Mexico City
Ibero Puebla urges state to attract automakers to employ Volkswagen workers
Peso breaks a run of losses
Slim-backed INCA plans to list on Mexico’s stock exchange through a spin-off
Former Hotel Bamer now houses 98 apartments near Bellas Artes
Study estimates Pemex could have earned more by exporting crude than refining it
Tiendas 3B adapts some stores while keeping its discount model
