Grupo Simec (NYSEAMERICAN:SIM), Inc. (NYSE American: SIM) is a Mexico-based holding company engaged in the production and distribution of long steel products. Through its principal operating subsidiaries, the company manufactures steel from recycled scrap in electric arc furnaces and processes it into a variety of finished and semi-finished shapes. Grupo Simec is structured to integrate steelmaking, rolling, processing and distribution under a single platform designed to serve a broad range of industrial and construction customers.
The company’s product portfolio encompasses rebar, wire rod, merchant bars and structural steel such as beams, channels and angles. In addition to standard long steel offerings, Grupo Simec provides value-added services including cutting, bending, pickling and surface treatments, enabling customers to receive ready-to-use components. Its network of downstream service centers and distribution facilities supports timely delivery and inventory management for midstream and end-use markets.
Grupo Simec’s operations are primarily located in key industrial regions of Mexico, where it maintains integrated mills in the states of Oaxaca, Guerrero, Nuevo León and Coahuila. The company also leverages strategically placed distribution centers to serve customers in the United States, Central America and the Caribbean. This geographic reach allows Grupo Simec to participate in both domestic infrastructure development and cross-border manufacturing supply chains.
Since its listing on the NYSE American, Grupo Simec has pursued growth through capacity expansions, efficiency initiatives and selective acquisitions of regional steel service businesses. The company is guided by an executive team with experience in steel production, logistics and market development, and governed by a board of directors responsible for oversight of corporate strategy, governance and risk management.
