GRUPO SIMEC, S.A.B. de C.V. (SIM) Grupo Simec, S.A.B. de C.V. is a Mexican enterprise primarily engaged in the fabrication, refinement, and sale of high-quality bar steel (SBQ) and various steel alloy commodities. Its market reach extends throughout Mexico, the United States, Brazil, Canada, and wider Latin America, supported by a substantial international distribution network. The company's comprehensive product lineup features items such as I-beams, channels, both structural and commercial angles, hot-rolled and cold-finished bars, flat bars, rebars, electro-welded wire mesh and panels, and wire rods. Additionally, they provide semi-finished goods, including tube rounds and other industrial intermediate products. Simec's SBQ steel is essential for a range of specialized engineering applications, such as components like axles, hubs, and crankshafts in automobiles and light trucks, as well as in manufacturing machine tools and heavy-duty off-road machinery. Meanwhile, their structural steel plays a critical role in non-residential building developments and diverse construction projects. The firm actively exports its steel products to nations across Central and South America, and into European markets. Established in 1934, Grupo Simec's corporate headquarters are situated in Guadalajara, Mexico, and it operates as a subsidiary of Industrias CH, S.A.B. de C.V.
Sector: Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)
Industry: Steel
Grupo Simec, S.A.B. de C.V. NYSE:SIM Basic Materials · Steel
All Press Release SEC Filings News
SEC Filing
SIM: 6-K · periodic report
Grupo Simec, S.A.B. de C.V. filed its Annual Report on Form 20-F for the year ended December 31, 2025, with the U.S. Securities and Exchange Commission.
The report is accessible on the SEC website and the company’s investor relations portal, with hard copies available upon request from the Finance coordinator.
Grupo Simec operates as a diversified manufacturer of SBQ and structural steel products across the United States, Mexico, and Brazil.
SEC 6-K • 2mo ago AI analysis › SEC Filing ⚠ 4
SIM: 20-F · periodic report
Grupo Simec, S.A.B. de C.V. filed its annual 20-F report for the fiscal year ended December 31, 2025. The company reported capital expenditures of approximately Ps. 2,892 million (U.S.$161.1 million) for the year, driven primarily by investments in its Brazilian facilities, and estimates expenditures of Ps. 2,653 million (U.S.$148 million) for 2026.
The filing highlighted that the reinstatement of U.S. Section 232 tariffs on steel imports resulted in approximately Ps. 280.3 million in additional costs during fiscal year 2025, which represented about 3.8% of consolidated net sales. Management has sought to mitigate this impact by shifting product mix and increasing domestic sales in Mexico.
Operational updates include the cessation of all U.S. steelmaking operations since August 2023 and the expropriation of land in Hamilton, Ontario, Canada, by the government agency Metrolinx for a total of CAD$15,915,627. The company continues to focus on its Mexican and Brazilian markets while navigating trade policy uncertainties.
SEC 20-F • 2mo ago AI analysis › SEC Filing ● Major
SIM: 6-K · earnings release
Grupo Simec reported strong first-half 2026 results with net sales rising 9% to Ps. 16.186 billion, driven by a 16% increase in steel product shipments to 1.046 million tons, despite a 6% decrease in average sales prices.
Net income skyrocketed 662% to Ps. 2.317 billion compared to the prior year, primarily due to a sharp reduction in net exchange losses from Ps. 2.332 billion to Ps. 365 million, which significantly boosted the bottom line.
Operating profit improved 5% to Ps. 2.763 billion while EBITDA grew 6% to Ps. 3.354 billion, with domestic sales in Mexico increasing 15% to Ps. 9.461 billion.
SEC 6-K • 2mo ago AI analysis › SEC Filing ● Major ⚠ 4
SIM: 6-K · late filing
Grupo Simec announced it failed to timely file its annual Form 20-F for the fiscal year ended December 31, 2025, leaving it in non-compliance with SEC reporting requirements and NYSE listing standards.
The company cited ongoing additional procedures and analyses related to disclosure, internal process controls, and financial statement finalization as the cause for the delay, stating it is currently uncertain when these tasks will be completed.
This filing confirms the company is actively communicating with the NYSE to discuss listing standards and cure the late filing, but the lack of a clear timeline for compliance raises significant concerns about internal controls and potential delisting risk.
SEC 6-K • 5mo ago AI analysis › SEC Filing ● Major ⚠ 3
SIM: 6-K · late filing
Grupo Simec announced it will not be able to file its annual Form 20-F for fiscal year 2025 within the extension period granted by its prior Form 12b-25 filing. The company cited the finalization of administrative steps as the cause for the continued delay.
Investors are directed to previous Form 6-K filings from May 1, 2026, for the most recent operational results for the year ended December 31, 2025, and the first three months of 2026. The company anticipates filing the annual report in the near term but provided no specific date.
This second delay in filing annual financials is a significant red flag, suggesting potential internal control weaknesses or unresolved accounting issues that prevent the timely closure of books.
SEC 6-K • 5mo ago AI analysis › Press Release
GRUPO SIMEC ANNOUNCES RESULTS OF OPERATIONS FOR THE FIRST QUARTER OF 2026, ENDED MARCH 31, 2026.
prnewswire.com • 5mo ago Press Release
GRUPO SIMEC ANNOUNCES RESULTS OF OPERATIONS FOR THE TWELVE-MONTH PERIOD ENDED DECEMBER 31, 2025.
prnewswire.com • 5mo ago 
