(SIM) Grupo Simec SAB de CV ADR - Ratings and Ratios

Grupo Simec, S.A.B. de C.V. is a leading manufacturer of special bar quality (SBQ) steel and steel alloys products, with a diverse range of offerings that cater to various industries. The company's product portfolio includes I-beams, channels, structural and commercial angles, hot rolled bars, flat bars, rebars, cold-finished bars, electro-welded wire mesh and mesh panels, and wire rods, as well as semi-finished tube rounds and other semi-finished trade products. These products are used in a wide range of applications, including the production of axles, hubs, and crankshafts for automobiles and light trucks, machine tools, and off-highway equipment.

The company's SBQ products are highly engineered and are used in critical components that require high strength, durability, and precision. For instance, its steel alloys are used in the manufacture of gears, bearings, and other components that are used in the automotive, aerospace, and industrial equipment industries. Additionally, Grupo Simec's structural steel products are used in the non-residential construction market, including in the construction of buildings, bridges, and other infrastructure projects. The company's products are also used in other construction applications, such as in the production of concrete reinforcement bars and other steel products used in building construction.

Grupo Simec has a significant presence in the global steel market, with operations in Mexico, the United States, Brazil, Canada, Latin America, and internationally. The company exports its steel products to Central and South America, and Europe, and has a strong distribution network that enables it to supply its products to customers in a timely and efficient manner. With a history dating back to 1934, Grupo Simec has established itself as a reliable and trusted supplier of high-quality steel products, and its commitment to innovation, quality, and customer service has enabled it to maintain its position as a leader in the steel industry.

As a subsidiary of Industrias CH, S.A.B. de C.V., Grupo Simec is part of a larger conglomerate with a diverse range of interests and operations. The company's common stock is listed on the NYSE MKT under the ticker symbol SIM, and its ISIN is US4004911065. Grupo Simec is classified as a steel company, with a GICS Sub Industry classification of Steel. With its strong product portfolio, global presence, and commitment to quality and customer service, Grupo Simec is well-positioned to continue to play a leading role in the steel industry for years to come.