Grupo Simec, S.A.B. de C.V. manufactures, processes, and distributes special bar quality (SBQ) steel and steel alloys products in Mexico, the United States, Brazil, Canada, and internationally. The company produces I-beams, channels, structural and commercial angles, hot rolled bars, flat bars, rebars, cold finished bars, electro-welded wire mesh and panels, and wire rods, as well as semi-finished tube rounds and other semi-finished trade products. Its SBQ steel products are used across a range of engineered end-user applications, including axles, hubs, and crankshafts for automobiles and light trucks, machine tools, and off-highway equipment; and structural steel products are used in the non-residential construction market and other construction applications. The company also exports its steel products to Central and South America, and Europe. The company was founded in 1969 and is headquartered in Guadalajara, Mexico. Grupo Simec, S.A.B. de C.V. is a subsidiary of Industrias CH, S.A.B. de C.V.
IPO Year: 1998
Exchange: AMEX
Website: gsimec.com.mx
GUADALAJARA, Mexico, June 11, 2025 /PRNewswire/ -- Grupo Simec, S.A.B. de C.V. (NYSE-MKT: SIM) (the "Company") May 15, 2025 filed its Annual Report on Form 20-F for the year ended December 31, 2024 with the U.S. Securities and Exchange Commission at www.sec.gov. The Form 20-F is also available on the investor relations section of the Company's website at https://gsimec.com.mx/sec-filings.php. Shareholders may request a hard copy of the Form 20-F, including the Company's complete audited financial statements for the year ended December 31, 2024, free of charge, by contacting the Company's Finance coordinator, Mario Moreno Cortez, by email at [email protected]. About Grupo Simec Grupo
GUADALAJARA, Mexico, April 30, 2025 /PRNewswire/ -- Grupo Simec, S.A.B. de C.V. (NYSE:SIM) ("Simec") announced today its results of operations for the three-period ended March 31, 2025. Comparative first quarter of 2025 vs. first quarter of 2024 Net Sales The net sales of the company decreased derived from a lower sales price. Sales decreased from Ps. 7,885 million in the first quarter of 2024 to Ps. 7,783 million in the same period of 2025. Shipments of steel finished goods decreased 1% from 479 thousand tons in the first quarter of 2024 compared to 476 thousand tons in the same period of 2025. Total sales outside of Mexico in the first quarter of 2025 decreased 6% to reach Ps. 3,469 milli
GUADALAJARA, Mexico, April 29, 2025 /PRNewswire/ -- Grupo Simec, S.A.B. de C.V. (NYSE:SIM) ("Simec") announced today its results of operations for the twelve-month period ended December 31, 2024 Audited and December 31, 2023 Audited. Twelve-Month Period Ended December 31, 2024 compared to Twelve-Month Period Ended December 31, 2023. Net SalesNet sales decreased 18% by the combination of less shipments of finished steel products (6%) and a lower average sales price of 13% compared to the same period of 2023, the sales decreased from Ps. 41,139 million in the twelve-month period ended December 31, 2023 to Ps. 33,658 million in the same period of 2024. Shipments of finished steel products decr
GUADALAJARA, Mexico, Feb. 27, 2025 /PRNewswire/ -- Grupo Simec, S.A.B. de C.V. (NYSE:SIM) ("Simec") announced today its results of operations for the twelve-month period ended December 31, 2024 and December 31, 2023 Audited. Twelve-Month Period Ended December 31, 2024 compared to Twelve-Month Period Ended December 31, 2023. Net Sales Net sales decreased 18% by the combination of less shipments of finished steel products (6%) and a lower average sales price of 13% compared the same period of 2023, the sales decreased from Ps. 41,139 million in the twelve-month period ended December 31, 2023 to Ps. 33,658 million in the same period of 2024. Shipments of finished steel products decreased 6% t
GUADALAJARA, Mexico, Nov. 15, 2024 /PRNewswire/ -- Grupo Simec, S.A.B. de C.V. (the "Company") today filed its Annual Report on Form 20-F for the year ended December 31, 2023 with the U.S. Securities and Exchange Commission at www.sec.gov. The Form 20-F is also available on the investor relations section of the Company's website at https://gsimec.com.mx/sec-filings.php. Shareholders may request a hard copy of the Form 20-F, including the Company's complete audited financial statements for the year ended December 31, 2023, free of charge, by contacting the Company's Finance coordinator, Mario Moreno Cortez, by email at [email protected]. About Grupo Simec Grupo Simec is a diversifie
GUADALAJARA, Mexico, Oct. 30, 2024 /PRNewswire/ -- Informs the investing public that, early today, October 30, 2024, at plant one of the steel complex located in the city of Apizaco, Tlaxcala, a spill of liquid steel occurred with loss of human lives that has temporarily paralyzed its operation; The company deeply regrets the death of its employees in this accident and is reviewing the causes of the same. PRESS RELEASE Contact: José Luis Tinajero Mario Moreno Cortez Grupo Simec, S.A.B. de C.V. Calzada Lázaro Cárdenas 601 44440 Guadalajara, Jalisco, México 52 55 1165 1025 52 33 3770 6734 View original content:https://www.prnewswire.com/news-releases/grupo-simec-nyse-sim-announces-
GUADALAJARA, Mexico, Oct. 29, 2024 /PRNewswire/ -- Grupo Simec, S.A.B. de C.V. (NYSE:SIM) ("Simec") announced today its results of operations for the nine-month period ended September 30, 2024. Comparative first nine months of 2024 vs. first nine months of 2023 Net SalesNet sales of the Company decreased to Ps. 24,828 million in the first nine months of 2024 compared to Ps. 32,401 million in the first nine months of 2023. Shipments of finished steel products decreased 6% to 1 million 536 thousand tons in the first nine months of 2024 compared to 1 million 640 thousand tons in the first nine months of 2023. Total sales outside of Mexico in the first nine months of 2024 decreased 19% to Ps. 1
GUADALAJARA, Mexico, July 22, 2024 /PRNewswire/ -- Grupo Simec, S.A.B. de C.V. (NYSE:SIM) ("Simec") announced today its results of operations for the sixth-month period ended June 30th, 2024. Comparative first six months of 2024 vs. first six months of 2023 Net SalesNet sales of the Company decreased from Ps. 22,947 million in the first half of 2023 to Ps. 16,279 million in the first half of 2024. Shipments decreased 8% from 1,109 thousand tons in the first half of 2023 to 1,015 thousand tons in the first half of 2024. Total sales outside of Mexico in the first half of 2024 decreased 24% to Ps. 7,287 million compared to Ps. 9,639 million in the first half of 2023. Mexican sales decreased 32
GUADALAJARA, MEXICO, May 6, 2024 /PRNewswire/ -- Grupo Simec, S.A.B. de C.V. (NYSE:SIM) ("Simec") announced today its results of operations for the twelve-month period ended December 31, 2023 Audited and December 31, 2022 Audited. Twelve-Month Period Ended December 31, 2023 compared to Twelve-Month Period Ended December 31, 2022. Net Sales Net sales decreased 24% by the combination shipments of finished steel products and a lower average sales price by 21% compared the same period of 2022, the sales decreased from Ps. 54,159 million in the twelve-month period ended December 31, 2022 to Ps. 41,139 million in the same period of 2023. Shipments of finished steel products decreased 4% to 2 mill
GUADALAJARA, Mexico, April 25, 2024 /PRNewswire/ -- Grupo Simec, S.A.B. de C.V. (NYSE:SIM) ("Simec") announced today its results of operations for the three-month period ended March 31, 2024. Comparative first quarter of 2024 vs. first quarter of 2023 Net SalesThe net sales of the company decreased derived from a less sales price. Sales passed from Ps. 12,825 million in the first quarter of 2023 to Ps. 7,885 million in the same period of 2024. Shipments of steel finished goods decreased 21% from 604 thousand tons in the first quarter of 2023 compared to 479 thousand tons in the same period of 2024. Total sales outside of Mexico in the first quarter of 2024 decreased 29% to reach Ps. 3,694 m
Scotiabank downgraded Grupo Simec, S.A de C.V. from Sector Perform to Sector Underperform
GUADALAJARA, Mexico, April 29, 2025 /PRNewswire/ -- Grupo Simec, S.A.B. de C.V. (NYSE:SIM) ("Simec") announced today its results of operations for the twelve-month period ended December 31, 2024 Audited and December 31, 2023 Audited. Twelve-Month Period Ended December 31, 2024 compared to Twelve-Month Period Ended December 31, 2023. Net SalesNet sales decreased 18% by the combination of less shipments of finished steel products (6%) and a lower average sales price of 13% compared to the same period of 2023, the sales decreased from Ps. 41,139 million in the twelve-month period ended December 31, 2023 to Ps. 33,658 million in the same period of 2024. Shipments of finished steel products decr
GUADALAJARA, Mexico, Feb. 27, 2025 /PRNewswire/ -- Grupo Simec, S.A.B. de C.V. (NYSE:SIM) ("Simec") announced today its results of operations for the twelve-month period ended December 31, 2024 and December 31, 2023 Audited. Twelve-Month Period Ended December 31, 2024 compared to Twelve-Month Period Ended December 31, 2023. Net Sales Net sales decreased 18% by the combination of less shipments of finished steel products (6%) and a lower average sales price of 13% compared the same period of 2023, the sales decreased from Ps. 41,139 million in the twelve-month period ended December 31, 2023 to Ps. 33,658 million in the same period of 2024. Shipments of finished steel products decreased 6% t
GUADALAJARA, Mexico, Oct. 29, 2024 /PRNewswire/ -- Grupo Simec, S.A.B. de C.V. (NYSE:SIM) ("Simec") announced today its results of operations for the nine-month period ended September 30, 2024. Comparative first nine months of 2024 vs. first nine months of 2023 Net SalesNet sales of the Company decreased to Ps. 24,828 million in the first nine months of 2024 compared to Ps. 32,401 million in the first nine months of 2023. Shipments of finished steel products decreased 6% to 1 million 536 thousand tons in the first nine months of 2024 compared to 1 million 640 thousand tons in the first nine months of 2023. Total sales outside of Mexico in the first nine months of 2024 decreased 19% to Ps. 1
GUADALAJARA, Mexico, July 22, 2024 /PRNewswire/ -- Grupo Simec, S.A.B. de C.V. (NYSE:SIM) ("Simec") announced today its results of operations for the sixth-month period ended June 30th, 2024. Comparative first six months of 2024 vs. first six months of 2023 Net SalesNet sales of the Company decreased from Ps. 22,947 million in the first half of 2023 to Ps. 16,279 million in the first half of 2024. Shipments decreased 8% from 1,109 thousand tons in the first half of 2023 to 1,015 thousand tons in the first half of 2024. Total sales outside of Mexico in the first half of 2024 decreased 24% to Ps. 7,287 million compared to Ps. 9,639 million in the first half of 2023. Mexican sales decreased 32
GUADALAJARA, MEXICO, May 6, 2024 /PRNewswire/ -- Grupo Simec, S.A.B. de C.V. (NYSE:SIM) ("Simec") announced today its results of operations for the twelve-month period ended December 31, 2023 Audited and December 31, 2022 Audited. Twelve-Month Period Ended December 31, 2023 compared to Twelve-Month Period Ended December 31, 2022. Net Sales Net sales decreased 24% by the combination shipments of finished steel products and a lower average sales price by 21% compared the same period of 2022, the sales decreased from Ps. 54,159 million in the twelve-month period ended December 31, 2022 to Ps. 41,139 million in the same period of 2023. Shipments of finished steel products decreased 4% to 2 mill
GUADALAJARA, Mexico, April 25, 2024 /PRNewswire/ -- Grupo Simec, S.A.B. de C.V. (NYSE:SIM) ("Simec") announced today its results of operations for the three-month period ended March 31, 2024. Comparative first quarter of 2024 vs. first quarter of 2023 Net SalesThe net sales of the company decreased derived from a less sales price. Sales passed from Ps. 12,825 million in the first quarter of 2023 to Ps. 7,885 million in the same period of 2024. Shipments of steel finished goods decreased 21% from 604 thousand tons in the first quarter of 2023 compared to 479 thousand tons in the same period of 2024. Total sales outside of Mexico in the first quarter of 2024 decreased 29% to reach Ps. 3,694 m
GUADALAJARA, Mexico, Feb. 27, 2024 /PRNewswire/ -- Grupo Simec, S.A.B. de C.V. (NYSE:SIM) ("Simec") announced today its results of operations for the twelve-month period ended December 31, 2023 Audited and December 31, 2022. Twelve-Month Period Ended December 31, 2023 compared to Twelve-Month Period Ended December 31, 2022. Net Sales Net sales decreased 24% by the combination shipments of finished steel products and a lower average sales price by 21% compared the same period of 2022, the sales decreased from Ps. 54,159 million in the twelve-month period ended December 31, 2022 to Ps. 41,217 million in the same period of 2023. Shipments of finished steel products decreased 4% to 2 million 17
GUADALAJARA, Mexico, July 20, 2023 /PRNewswire/ -- Grupo Simec, S.A.B. de C.V. (NYSE:SIM) ("Simec") announced today its results of operations for the sixth-month period ended June 30th, 2023. Comparative first six months of 2023 vs. first six months of 2022 Net SalesNet sales of the Company decreased from Ps. 30,579 million in the first half of 2022 to Ps. 22,947 million in the first half of 2023. Shipments decreased 6% from 1,179 thousand tons in the first half of 2022 to 1,109 thousand tons in the first half of 2023. Total sales outside of Mexico in the first half of 2023 decreased 32% to Ps. 9,639 million compared to Ps. 14,252 million in the first half of 2022. Mexican sales decreased 18
GUADALAJARA, Mexico, April 27, 2023 /PRNewswire/ -- Grupo Simec, S.A.B. de C.V. (NYSE:SIM) ("Simec") announced today its results of operations for the three-month period ended March 31, 2023. Comparative first quarter of 2023 vs. first quarter of 2022 Net SalesThe net sales of the company decreased derived from a less sales price. Sales passed from Ps. 15,032 million in the first quarter of 2022 to Ps. 12,825 million in the same period of 2023. Shipments of steel finished goods decreased 3% from 623 thousand tons in the first quarter of 2022 compared to 604 thousand tons in the same period of 2023. Total sales outside of Mexico in the first quarter of 2023 decreased 26% to reach Ps. 5,181 mi
GUADALAJARA, Mexico, April 20, 2023 /PRNewswire/ -- Grupo Simec, S.A.B. de C.V. (NYSE:SIM) ("Simec") announced today its results of operations for the twelve-month period ended December 31, 2022 Audited and December 31, 2021 Audited. Twelve-Month Period Ended December 31, 2022 Audited compared to Twelve-Month Period Ended December 31, 2021 Audited Net Sales Net sales decreased 3% by the combination shipments of finished steel products and a higher average sales price by 8% compared the same period of 2021, the sales decreased from Ps. 55,620 million in the twelve-month period ended December 31, 2021 to Ps. 54,159 million in the same period of 2022. Shipments of finished steel products decrea
6-K - GRUPO SIMEC, S.A.B. de C.V. (0000887153) (Filer)
20-F - GRUPO SIMEC, S.A.B. de C.V. (0000887153) (Filer)
NT 20-F - GRUPO SIMEC, S.A.B. de C.V. (0000887153) (Filer)
6-K - GRUPO SIMEC, S.A.B. de C.V. (0000887153) (Filer)
6-K - GRUPO SIMEC, S.A.B. de C.V. (0000887153) (Filer)
6-K - GRUPO SIMEC, S.A.B. de C.V. (0000887153) (Filer)
6-K - GRUPO SIMEC, S.A.B. de C.V. (0000887153) (Filer)
20-F - GRUPO SIMEC, S.A.B. de C.V. (0000887153) (Filer)
6-K - GRUPO SIMEC, S.A.B. de C.V. (0000887153) (Filer)
6-K - GRUPO SIMEC, S.A.B. de C.V. (0000887153) (Filer)