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Grupo Simec, S.a.b. de C.v. (SIM) is a non-energy raw materials company in the electric arc steel production industry, based in Guadalajara, Mexico, with about 4,961 full-time employees.
It reported revenue of 33.66 billion MXN for fiscal year 2024, down 18.2% from fiscal year 2023, and net income of 11.48 billion MXN. Its largest business segment, Mexico, brought in 58% of segment revenue in fiscal year 2024; Mexico was the largest region with 55%. Its market capitalization was $4.40 billion as of October 5, 2026.
Figures from company filings and market data; latest fiscal year ended December 31, 2024; market data as of October 5, 2026.
B. V. produces, processes, and distributes special steels and structural steel profiles in Mexico, the United States, Canada, and Brazil. It offers steel wire and derivatives, special bar quality steel, rebar, and commercial and structural long products. The company was founded in 1969 and is headquartered in Guadalajara, Mexico. B. V. B. V.
Grupo Simec, S.a.b. de C.v. reported 33.66 billion MXN in revenue for fiscal year 2024, down 18.2% from 41.14 billion MXN in fiscal year 2023.
Mexico, with 19.53 billion MXN or 58% of segment revenue in fiscal year 2024. Next: Brazil (42%) and United States of America (under 1%).
Mexico: 55% of revenue by region in fiscal year 2024, followed by Brazil (31%).
$4.40 billion as of October 5, 2026.
Listed companies of a similar size in the same industry (electric arc steel production) include Nucor Corporation (NUE), Steel Dynamics, Inc. (STLD), Gerdau S.a. (GGB), Aperam S.a. (APEMY).