Grupo Simec

What Grupo Simec does

Grupo Simec, S.A.B. de C.V. is a publicly traded Mexican steel producer headquartered in Guadalajara and majority-owned (82.5%) by conglomerate Industrias CH (ICH), with operations spanning Mexico, the United States, Canada, and Brazil. The company operates 14+ manufacturing plants producing long steel products — rebar, structural and commercial profiles, steel wire rod and derivatives, and Special Bar Quality (SBQ) steel — and positions itself as the largest SBQ producer in North America. Core technology is electric arc furnace steelmaking using 100% recycled scrap metal melted above 1,600°C into steel billet, which is then reheated and shaped through rolling mill operations into finished products.

The business model is commodity steel sales through direct enterprise field sales at each plant location, with separate commercial offices handling domestic Mexican sales, U.S. exports (Republic Steel), and Brazilian operations (Simec Brasil). Customer end-markets are construction, infrastructure, industrial manufacturing, energy, and automotive — served horizontally without named anchor accounts. Pricing is volume-based and market-correlated, with average selling prices declining 7% year-over-year in Q1 2026 reflecting commodity exposure. Revenue is generated primarily through hardware sales of steel products, with FY 2025 net sales of Ps. 30,291 million and Q1 2026 net sales of Ps. 8,032 million (+3% YoY).

Grupo Simec has grown through a 20-year acquisition-led strategy: Republic Engineered Products (2005, U.S. SBQ assets), Aceros DM/Grupo San (2008, Mexican rebar), Arcelor Mittal Brazil plants (2018), and a $600 million greenfield SBQ mill in Tlaxcala. The company is listed on NYSE American (ticker SIM) and on Mexican exchanges BMV and BIVA, with a market capitalization of $4.73 billion as of March 2026.

Name

Grupo Simec

Legal name

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

Website

https://gsimec.com.mx

Company type

Public

Founded year

2001

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Grupo Simec is a Mexican-headquartered, publicly traded steel producer with 14+ plants across Mexico, the United States, Canada, and Brazil, manufacturing long steel products — including the largest North American SBQ steel capacity — using electric arc furnace technology on 100% recycled scrap for construction, infrastructure, industrial, energy, and automotive customers.

Ownership category

akta.pro rank

Product category

Steel Manufacturing

NAICS

Iron and Steel Mills and Ferroalloy Manufacturing (3311)

SIC

Steel Works, Blast Furnaces & Rolling & Finishing Mills (3310)

akta.pro primary industry

Long Products Manufacturing (Rebar, Wire Rod, Merchant Bar, Sections/Beams) (IMAKABAH)

Keywords

• Long steel products
• Special bar quality steel
• Rebar manufacturing
• Structural steel profiles
• Steel wire rod

Headquarters

HQ city

Guadalajara

HQ country

Mexico

HQ region

Latin America

Offices15 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Steel Products Sales: Primary revenue from manufacturing and selling long steel products including rebar, structural profiles, commercial profiles, special bar quality steel (SBQ), steel wire, and derivatives. Revenue split between domestic Mexico sales and exports to US and other markets. Q1 2026: Net sales Ps. 8,032 million, domestic Mexico sales Ps. 4,647 million.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

Grupo Simec manufactures and distributes long steel products, including rebar, structural profiles, commercial profiles, special bar quality steel (SBQ), steel wire rod, and value-added wire derivatives such as nails, barbed wire, annealed wire, concertina, and mesh. The company operates 14+ manufacturing plants across Mexico, the United States, Canada, and Brazil, using 100% recycled scrap metal melted in electric arc furnaces to produce steel billet which is then processed through rolling mills into finished steel products.

Product overview

Grupo Simec operates as a leading producer and distributor of long steel products, offering a diversified portfolio that spans the full steel production chain. The product portfolio includes: commercial steel profiles, structural steel profiles, corrugated rebar (varilla), steel wire rod and derivatives (nails, barbed wire, annealed wire, concertina, mesh, fences), and Special Bar Quality Steel (SBQ). Additionally, the company produces semi-finished steel billet (palanquilla) from recycled scrap via electric arc furnace melting, which feeds into its rolling mills. The company serves construction, infrastructure, industrial, and energy markets across Mexico, the United States, Canada, and Brazil.

Differentiator

Problem solved

Functional benefit

Products and services

• Rebar (Varilla) Corrugated reinforcing steel bar used in concrete construction, produced across multiple plants in Mexico, USA, Canada, and Brazil for construction and infrastructure projects.
• Structural Steel Structural profiles manufactured in Mexico, USA, Canada, and Brazil, serving infrastructure and construction markets.
• Commercial Steel Long steel products manufactured in various shapes and dimensions for construction and industrial applications.
• Steel Wire and Derivatives (Alambrón y Derivados) Steel wire rod and value-added wire products including nails, barbed wire, annealed wire, concertina, and mesh.
• Special Bar Quality Steel (SBQ)

Quantifiable outcome

• Q1 2026 net sales of Ps. 8,032 million, 3% increase year-over-year
• +4 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Scale indicators12 records

Recent moves7 records

Expansion highlights3 records

Direct peers

• Deacero: One of Mexico's largest long-products steelmakers, producing rebar, wire rod, and structural sections — overlaps head-to-head with Simec in domestic Mexican steel markets.
• Grupo Villacero: Mexican long-products steel group producing rebar, wire rod, and derivatives; competes with Simec across construction and infrastructure customers in Mexico.
• Altos Hornos de México (AHMSA): Historically one of Mexico's largest integrated steel producers of plate, sheet, and structural products; competes with Simec in the domestic Mexican steel market despite ongoing financial difficulties.
• Ternium: Latin American producer of long and flat steel products with significant operations in Mexico and Argentina; competes directly with Grupo Simec in Mexican rebar, structural profiles, and SBQ.
• Commercial Metals Company (CMC): US-based EAF producer focused on rebar, structural steel, and fabricated concrete reinforcement — directly comparable to Simec's long-products portfolio on Republic Steel's home turf.
• Gerdau: Brazil's largest long-products steelmaker and a leading producer in the Americas; competes with Simec Brasil and across the broader regional rebar/wire rod market.

Broad incumbents

• ArcelorMittal: World's largest steelmaker with integrated and EAF operations across the Americas; previously divested two Brazilian long-products plants to Simec in 2018, and competes broadly across regional markets.
• Steel Dynamics: US-based EAF producer of flat-rolled and long products including structural and rebar; competes with Simec's Republic Steel operations while also operating in adjacent product categories.
• Companhia Siderúrgica Nacional (CSN): Major Brazilian integrated steelmaker with flat and long-products exposure; competes indirectly with Simec Brasil and other regional rebar/wire rod suppliers serving construction end markets.
• Nucor: Largest US EAF steel producer with broad product mix including rebar, sheet, plate, and structural; overlaps with Simec/Republic Steel in US long products at much larger scale.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/grupo-simec-sab-de-cv

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Grupo Simec