Copying and distributing are prohibited without permission of the publisher

Mexican Standoff — ICH and Motormexa row erupts into public brawl

July 26, 2010 - 00:00 GMT

In Mexico, summer holidays are now underway. Until they have ended, a confusing altercation in the country’s steel sector will not be resolved.

In Mexico, summer holidays are now underway. Until they have ended, a confusing altercation in the country’s steel sector will not be resolved. Last week, the disagreement between Industrias CH (ICH), which owns carbon and special steelmaker Grupo Simec, and auto parts seller Motormexa SA roared into the public arena. Both sides have fired off contradictory press releases, making very serious allegations. And, in their latest altercation, the two sides have disagreed whether one ICH executive is on the run from the law. The dispute seems to have begun...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.


subscribe to this feed Comment & analysis

  • LORD COPPER: Glencore-Xstrata will be a merger of more-than-equals

    Glenstrata, X-Core, Davenberg, Mivan? Whatever the result of the Glencore-Xstrata merger is to be called, finding a name is an inevitable step after the IPO.

  • COMMENT: Glenstrata still has to break the mould

    The news that Glencore and Xstrata are in merger talks would only come as a surprise to someone living under a rock, and only then if said rock did not contain any valuable minerals. But now that talks of a tie-up of the world’s largest metals trader and its fourth largest miner have finally moved into the boardroom, hypothetical questions have become real, and the answers are far from certain.

  • APEX FULL YEAR 2011: Base metal forecasts: astounding accuracy

    Astounding upon astounding: that is how the 2011 leaderboard for Apex, the Metal Bulletin service that tracks the performance of over twenty top base metal price forecasters, appears when you consider it coldly.

Upcoming Events

Most readMost emailed

Popular Searches on MB

MB Glossary


From Aluminium to Zinc...
Search this free glossary on metals