Mexican longs producer SIMEC posted in a statement a net profit equivalent to $99 million for the first quarter of 2026, against a net profit of $76 million in the first quarter of 2025.
On the same comparative basis, net sales increased by 3.2 percent to $466 million, production costs increased by 1.9 percent to $342 million, the gross profit increased by 6.9 percent to $124 million and the operational profit increased by 2.7 percent to $85 million.
In volume, sales increased by 11.3 percent to 530,000 metric tons (mt), of which 404,000 mt of beams and 126,000 mt of specialty steels.
Simec produces long and special steel products in Mexico, the US and Brazil.
When considering the Group’s $99 million net profit in Q1 2026, $50 million were achieved in Mexico, a net loss of $5 million in the US, and a net profit of $54 million in Brazil.
Simec reports its results in Mexican Pesos (MXN), converted to USD here at the rate of MXN 17.25/USD.