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

SIM Company Overview

Grupo Simec, S.A.B. de C.V. is a Mexico-based steel manufacturing company primarily engaged in the production and commercialization of long steel products. The company operates within the steel and metals industry, serving construction, industrial, and infrastructure markets. Its core products include reinforcing steel (rebar), wire rod, and specialty long steel products used in residential, commercial, and civil engineering applications.

The company’s primary revenue drivers are the manufacturing and sale of finished steel products derived from electric arc furnace operations, supported by internal recycling of scrap steel. Grupo Simec is recognized for its vertically integrated model, operational efficiency, and focus on cost control, which collectively provide competitive positioning in price-sensitive steel markets. Founded in the 1960s in Mexico, the company expanded steadily through capacity investments and acquisitions, evolving into one of the leading long steel producers in the Americas.