18
May
10:05
Ahmsa secures reparatory payment to Pemex
Altos Hornos de México has secured funds to complete a reparatory payment for the sale of the Agro Nitrogenados fertilizer plant to state-owned oil company Petróleos Mexicanos (Pemex).
Ahmsa chairman Alonso Ancira Elizondo has been embroiled in an alleged bribery scandal for his involvement in the sale of Ahmsa’s fertiliser plant to Pemex (see Kallanish passim).
Funds have been raised through the shares of Ahmsa controller, Grupo Acerero del N…
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Very good overview of the weekly steel market.
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