The Second District Court for Bankruptcy Proceedings in Mexico declared the auction of assets belonging to Altos Hornos de México (AHMSA) and its subsidiary Minera del Norte (Minosa) void. The decision was made because legal requirements were not met, such as the US$116 million performance bond.

The objective of halting this immediate sale is to seek a proposal that benefits creditors, especially the workers. A period of 20 business days has been granted to present a new plan that allows the company to remain a productive unit.

AHMSA, Mexico's largest steel producer, is experiencing a deep financial crisis after being declared bankrupt in 2024. The Mexican government seeks to ensure that the legal process does not further damage the regional economy and that a fair recovery is achieved.