Overview

• The Economy Ministry opened cancellation proceedings against Elegant Fashion S.A. de C.V. and El Grande Industrial S.A. de C.V. under a registry cleanup coordinated with Canacero.
• Elegant Fashion reported 119 tonnes under temporary import rules from January to June, then 68,919 tonnes in July, including seamless pipe used in well drilling inconsistent with its declared activities.
• El Grande Industrial began temporary imports of steel tubes and hollow profiles in 2024 and sought a 1,590% increase in 2025, while promoting schemes online that would let third parties avoid VAT via its IMMEX.
• Officials say the companies’ steel shipments largely originated from China, South Korea, Malaysia, New Zealand and Vietnam, seeking to bypass controls on definitive steel imports.
• The ministry says the procedures remain in progress under Operación Limpieza and Plan México, aiming to remove fiscal benefits from program abusers and protect compliant domestic producers.