AHMSA Posts Net Loss in Jul-Sep’22 Quarter

Mexico’s integrated steel plant Altos Hornos de México has reported a net loss of MXN 4.096 billion (USD 211 million) for July-September 2022 quarter, against a net loss of MXN 538 million in the previous quarter due to reduced international steel prices and lower volumes traded. During the period, the EBITDA was negative in MXN 1.83 billion, while the operational loss reached MXN 2.441 billion.AHMSA is trying to negotiate financial loans to increase production and to recover its financial position.Founded in 1942, AHMSA is the largest integrated steel plant in Mexico. It has corporate offices in Monclova, Coahuila, in the center of the Mexican state of Coahuila, 155 miles from the United States border. Ahmsa’s main steelmaking facilities and corporate offices are located in Monclova, Coahuila, close to transportation lines, raw materials supplies, principal points of export, and the company’s major domestic markets. AHMSA is a national leader in the production and commercialization of flat steel products including hot rolled coil used for machinery parts, wide plate, cold rolled coil, tinplate and tin-free steel, railroad tanks and bridge constructions, structural shapes. It also produces non-flat steel products like heavy shapes.AHMSA operates at an annual production rate of 3.5 million tonnes of liquid steel, with a workforce of 22,250 people, including its subsidiary companies.

AHMSA Posts Net Loss in Jul-Sep’22 Quarter

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