Altos Hornos de Mexico
Proposed Ticker: IAM Prolongacion Juarez, Moncolva
Exchange: New York Stock Exchange Coahuila, Foreign 25770
Industry: Natural Resources

All share information is proposed
Type of Shares:American Depositary Receipts Filing Date:6/10/96
U.S. Shares Filed:7,200,000 Filing Price: -
Non-U.S. Shares Filed:1,800,000 Offering Amount: $0
Primary Shares:6,000,000 Expenses: -
Secondary Shares:3,000,000 Shs Out After:

ManagerTierPhone
Goldman, Sachs & Co.Lead Manager (212) 902-1172
Merrill Lynch & Co.Co-manager (212) 449-4600
PaineWebber IncorporatedCo-manager (212) 713-2626

Audited
Income
Latest
Unaudited
Income
Prior
Unaudited
Income
Balance
Sheet
Revenue:Assets:
Net Income:Liabilities:
EPS:Equity:

Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year,
unaudited figures are partial year

Business Description
The company is Mexico's largest steel producer, accounting for 22 percent of the overall domestic market, 34 percent of the domestic market for flat products and 19 percent of Mexican steel imports in 1995.

Use of Proceeds
Proceeds from the proposed offering will be used to reduce short-term debt and to repay the portion of a bridge loan principally funded by Banco Santander de Negocios SA.

Last updated: 10/28/96

©1996 IPO Data Systems, Inc. - All rights reserved.