# AHMSA auction halted, transparency demands > Live situation record from CLSTR: https://clstr.news/situations/ahmsa-bankruptcy-auction-saga > Updated: 2026-08-05T14:10:37.000Z. Sources: 28. Developments: 11. In June a federal judge cleared a $1.326 billion auction of Altos Hornos de México (AHMSA) and its mining unit Minosa, ordering the bankruptcy syndic to file final rules and a workers‑claims list within three days and targeting a 60‑day bidding window that could open by August. July saw further setbacks: the syndic missed a technical‑bases deadline, prompting a 10‑day extension; President Sheinbaum confirmed former owner Alonso Ancira’s unpaid reparations, reviving a criminal case; the Second District Court began reviewing auction bases, publishing labor‑creditor lists and setting a tentative hearing for 25 September 2026. Ex‑workers reported errors in the creditor list and urged verification before the 28 August deadline. On 27 July Judge Ruth Huerta rejected the draft auction bases, ordering the syndic to correct them within 72 hours. She said the draft introduced changes contrary to the June‑approved scheme, such as separating assets deemed essential, allowing forced sales to non‑conforming guaranteed creditors and imposing new economic burdens on bidders. By early August creditor representatives, led by lawyer Héctor Garza Martínez, demanded that authorities disclose the profile of companies being precalified to buy AHMSA, arguing that knowledge of whether buyers intend to restart production or focus on scrap trading is crucial for workers and the community. They also warned that insufficient sale proceeds could jeopardise recovery for creditors like Infonavit. The labor‑defence group of former employees criticised the syndic’s proposed legal fees as opaque and said it may file a formal complaint while reviewing the labour‑credit claims before the 28 August deadline. ## Claims - Federal judge Ruth Huerta rejected the auction bases for Altos Hornos de México and Minera del Norte. (corroborated by 2 sources) - Judge ordered syndic Víctor Manuel Aguilera to correct the bases within 72 hours. (corroborated by 2 sources) - The auction plan sets a minimum price of $1.326 billion for the combined sale of AHMSA and Minosa. (corroborated by 2 sources) - Preferred creditors include Pemex, Cargill, Banco Afirme, Unifin, Caterpillar and Tubacero. (corroborated by 2 sources) - The proposed bases would allow separation of essential assets and forced sale to non‑conforming guaranteed creditors. (corroborated by 2 sources) - A prior auction attempt in February was declared desert due to lack of agreements with guaranteed creditors. (single source) - The bases introduce new economic burdens on bidders and expand the role of a third‑party specialist. (single source) - Authorities are preparing to publish labor credit lists while awaiting revised auction bases. (single source) ## Timeline ### 2026-08-05: Altos Hornos de México ex‑workers flag creditor list errors AHMSA ex‑workers found errors in the creditor list, urging verification before Aug 28 to avoid delayed severance payments. 3 sources. https://clstr.news/cluster/altos-hornos-de-mxico-exworkers-flag-creditor-list-errors ### 2026-08-05: Altos Hornos de México sale process faces demands for transparency Creditor lawyer Héctor Garza Martínez seeks buyer‑profile transparency in AHMSA’s sale, while labour group leader Julián Torres Ávalos criticises the syndic’s actions and eyes a formal complaint. 2 sources. https://clstr.news/cluster/altos-hornos-de-mxico-sale-process-faces-demands-for-transparency ### 2026-07-29: AHMSA and MINOSA auction slated for September 25, 2026 AHMSA and MINOSA's court‑ordered sale is scheduled for a hearing on 25 Sept 2026, with a detailed auction timeline submitted to the Mexican bankruptcy court. 4 sources. https://clstr.news/cluster/ahmsa-and-minosa-auction-slated-for-september-25-2026 ### 2026-07-27: Altos Hornos de México auction halted after judge rejects sale bases Judge Ruth Huerta blocked the AHMSA‑Minosa auction bases, giving syndicate Victor Aguilera 72 hours to revise them. The sale, valued at a $1.326 billion minimum, faces further delay after a prior failed auction 10 sources. https://clstr.news/cluster/altos-hornos-de-mxico-auction-halted-after-judge-rejects-sale-bases ### 2026-07-23: Mexican Court Orders Publication of Labor Creditor Lists for AHMSA and Minosa Mexico's Second District Commercial Insolvency Court ordered AHMSA and Minosa to publish the final labor creditor lists online, coordinating with federal defenders and granting a ten‑day verification extension. 6 sources. https://clstr.news/cluster/mexican-court-orders-publication-of-labor-creditor-lists-for-ahmsa-and-minosa ### 2026-07-13: Mexican court reviews auction bases for steelmaker AHMSA and miner MINOSA Mexico's bankruptcy court began reviewing auction documents for steelmaker AHMSA and miner MINOSA after a 10‑day extension; collective worker representation has been appointed. 2 sources. https://clstr.news/cluster/mexican-court-reviews-auction-bases-for-steelmaker-ahmsa-and-miner-minosa ### 2026-07-10: Alonso Ancira still owes $112 million to Pemex; FGR reactivates case amid pending appeals Alonso Ancira still owes $112 million to Pemex for the Agronitrogenados overprice; FGR reactivated the case, but two pending appeals block prosecution. 11 sources. https://clstr.news/cluster/alonso-ancira-owes-112-million-in-agronitrogenados-reparations-mexicos-fgr-reactivates-criminal-case ### 2026-07-06: Alonso Ancira fails to complete $216 million Pemex reparations, says President Sheinbaum President Sheinbaum says ex‑AHMSA boss Alonso Ancira still owes Pemex $216 million for the Agronitrogenados deal, having paid only $104 million; the unpaid third instalment revived a criminal probe. 9 sources. https://clstr.news/cluster/mexico-president-sheinbaum-demands-full-payment-from-alonso-ancira-in-pemex-agronitrogenados-case ### 2026-07-02: Mexico's AHMSA legal case persists as court delays auction and former owner Ancira faces renewed charges Mexico’s former AHMSA owner Alonso Ancira faces renewed criminal charges after missing repayment deadlines, while court delays in delivering auction documents keep the steelmaker’s bankruptcy and regional jobs‑ 2 sources. https://clstr.news/cluster/mexicos-ahmsa-legal-case-persists-as-court-delays-auction-and-former-owner-ancira-faces-renewed-char ### 2026-06-08: Alonso Ancira’s Texas Appearance Reignites AHMSA Debt and Legal Scrutiny Alonso Ancira, ex‑owner of Mexico’s steelmaker AHMSA, was seen in Texas as a capture warrant was reissued for his failure to pay $112 million of a $216 million reparations deal, while the company faces a $61 b 2 sources. https://clstr.news/cluster/alonso-anciras-texas-appearance-reignites-ahmsa-debt-and-legal-scrutiny ### 2026-06-03: Mexican judge clears $1.3 bn auction of AHMSA and Minosa assets A Mexican judge authorized a $1.3 bn auction of AHMSA and Minosa assets as a single unit, prioritizing labor claims and aiming to revive the steel complex amid bankruptcy and corruption scandals. 2 sources. https://clstr.news/cluster/mexican-judge-clears-13-bn-auction-of-ahmsa-and-minosa-assets --- Cite as: AHMSA auction halted, transparency demands. CLSTR, https://clstr.news/situations/ahmsa-bankruptcy-auction-saga