Grupo Simec, S.A.B. de C.V. SIM NYSE

Grupo Simec, S.A.B. de C.V. is a Mexican steel manufacturer and distributor headquartered in Guadalajara that produces special bar quality (SBQ) steel, steel alloys, and related products for markets across North America, Latin America, and Europe. The company manufactures a diverse product portfolio including I-beams, structural angles, hot and cold finished bars, rebars, wire mesh panels, and wire rods, serving both semi-finished and finished applications. Its SBQ steel products are primarily used in automotive manufacturing for components such as axles, hubs, and crankshafts, as well as in machine tools and off-highway equipment, while its structural steel products support the non-residential construction sector. Founded in 1934, Grupo Simec operates as a subsidiary of Industrias CH, S.A.B. de C.V. and maintains a strong export presence throughout the Western Hemisphere and Europe.