Grupo Simec (NYSEAMERICAN:SIM) is an integrated steel producer headquartered in Monterrey, Mexico, with shares traded on the NYSE American. The company focuses on the production of long steel products, including rebar, wire rod, rail, merchant bars and structural shapes. Operating modern electric-arc minimills, Grupo Simec leverages efficient melting and rolling technologies to serve diverse end markets in construction, infrastructure, manufacturing and automotive industries.
Beyond steelmaking, Grupo Simec’s operations extend into upstream mining and raw‐material management. Through its mining subsidiary, the company extracts and processes iron ore to ensure a stable supply of feedstock for its mills. Complementing this, scrap metal recycling centers provide secondary raw materials and support the company’s focus on sustainability and circular economy practices.
Founded more than half a century ago, Grupo Simec has expanded its footprint through a combination of organic growth and strategic acquisitions. In Mexico, it operates key facilities in regions such as Monterrey, Pesquería and Villa de Reyes, while its U.S. presence includes mills and distribution centers in Texas and the Midwest. This bi‐national network enables the company to serve domestic customers and export markets across Latin America.
Leadership at Grupo Simec is headed by CEO Mario Ruiz‐Tagle Alvarez, supported by a board of directors with extensive experience in steelmaking, mining and finance. The company continues to pursue vertical integration and operational excellence, investing in technology upgrades and capacity expansions to strengthen its competitive position and capture growth opportunities in the North American steel market.
