Grupo Afirme has announced its plans to auction off assets belonging to Altos Hornos de México (AHMSA) following a public auction that was declared void by the Second Commercial Court. The auction involves specialized plants and equipment located in AHMSA's facilities in Monclova, Coahuila, as well as warehouses in Pachuca, Hidalgo. The starting price for these assets is estimated at over 3.7 billion pesos, indicative of the substantial value in play for the creditors involved.

This move is part of Grupo Afirme's strategy to recover a significant debt estimated at 8.3 billion pesos, as it holds a creditor position in relation to the struggling steel company. The auction is scheduled to take place on March 27, at a public bidding event in the financial institution's offices located in Guadalupe, Nuevo León. The sale is being pursued independently of the general bankruptcy proceedings affecting AHMSA, emphasizing the urgency of recovering funds for Grupo Afirme.

The implications of this auction are significant not only for Grupo Afirme, which is looking to stabilize its financial position but also for the broader context of Mexico's steel industry facing challenges. The outcome of the auction could influence other creditors and the operational future of AHMSA, making it a noteworthy development in the ongoing narrative of financial struggles within the sector.