Steel giant, Grupo Simec, S.A.B. de C.V. is a Mexican-based outfit that engages in the manufacture, processing, and distribution of special bar quality (SBQ) steel and steel alloy products, servicing a global market. The firm offers a broad spectrum of steel products, including I-beams, commercial angles, and wire rods, widely used in engineered end-user applications, such as non-residential construction and machine tools. Grupo Simec's specialty SBQ steel products are primarily used in manufacturing automobile parts, including axles, hubs, and crankshafts for light trucks, and off-highway equipment. The Guadalajara-based company also exports its steel products to other Latin American countries, the United States, and Europe. Founded in 1934, Grupo Simec is a subsidiary of Industrias CH, S.A.B. de C.V. The firm's robust offerings and diverse geographical reach in steel production continue to cement its position as a major player in the global steel market.