Overview
- The Economy Ministry began proceedings to cancel IMMEX benefits for Elegant Fashion S.A. de C.V. and El Grande Industrial S.A. de C.V. over allegedly illegal temporary steel imports.
- Elegant Fashion jumped from 119 tonnes imported January–June to 68,919 tonnes in July, while El Grande sought a 1,590% increase in 2025 volumes compared with 2024.
- Authorities report one firm promoted extending IMMEX privileges to third parties online to avoid VAT, and say both tried to bypass mill-control rules for definitive steel imports.
- The enforcement drive under Operación Limpieza and Plan México has resulted in 670 company suspensions to date, carried out in coordination with the national steel chamber Canacero.
- A separate Diario Oficial notice confirms 171 IMMEX programs were definitively canceled for failing to file the 2024 annual report, with flagged steel imports tied mainly to China, South Korea, Malaysia, New Zealand and Vietnam.