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In 2001, ICH acquired 82.5% of Grupo Simec, S.A. de C.V., which had steel mills and rolling facilities in Guadalajara, Jalisco, and Mexicali, Baja California, both dedicated to manufacturing commercial and structural steel long products, specialty steel bars, rebar and steel beams.
In 2006, ICH and SIMEC establish themselves as the largest producer of SBQ steels in North America, thanks to the consolidation of Republic Steel.
In 2011, Republic Steel through SIMEC acquired Bluff City Steel (BCS Industries) assets and facilities in the United States, which gave a thermic treatment to special-alloy steels.
In 2012, ICH and SIMEC, completed a capital investment in the San Luis Potosí facility which increased the installed capacity of billet for the production of rebar, wire rod, and wire rod value-added products to 1 million annual tons.
It begins operating in May 2018.
In 2018, SIMEC acquires two facilities in Brazil previously owned by Arcelor Mittal and becomes the third largest supplier of steel long products in the country with a total of three facilities.
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SIMEC GROUP may also be known as or be related to SIMEC GROUP and Simec Group.