Villacero

Altos Hornos de México (AHMSA) signed a non-binding agreement with Villacero subsidiary Lámina y Placa Comercial to create a new company combining steel processing and production capacities. The deal includes a 90-day period for regulatory approvals.

Mexican steelmakers Altos Hornos de México (AHMSA) and Villacero have signed a non-binding agreement to merge assets as a new company, with a reported deal value of $300 million. The agreement gives 90 days to complete regulatory documents.