Simec is a diversified specialty and structural steel manufacturer, processor, and distributor headquartered in Mexico with production operations in Mexico and Brazil. The company operates mini-mills and rolling facilities that produce specialty bar quality steel for automotive, industrial equipment, and construction applications, as well as structural steel, long steel products, and wire products sold through direct sales to end customers and approximately 100 independent distributors. Simec generates revenue by emphasizing high-margin, value-added steel products over volume, leveraging strategic facility locations that offer freight and labor cost advantages, long-term contractual relationships with major customers, and access to tariff-free North American markets through Mexico's free trade agreements.