Companhia Siderúrgica Nacional (CSN) has entered into a 10-day exclusivity agreement with Huaxin Building Materials Group for the sale of its cement business, CSN Cimentos Brasil, at an enterprise value of R$12.7bn (about US$2.3bn), the Brazilian group said in a material fact on 30 October 2026.
Why Huaxin Building Materials Group Co. is buying CSN Cimentos Brasil S.A. (cement unit of Companhia Siderúrgica Nacional)
CSN has been selling assets to reduce leverage, and the cement unit is the largest piece of a programme to cut debt by R$15bn to R$18bn in 2026. XP Investimentos estimated the sale would lower CSN's net debt from R$42.1bn to R$29.4bn.
Deal terms and financing
The exclusivity agreement contemplates an enterprise value of R$12.7bn for CSN Cimentos. CSN said it intends to sign the definitive sale documents within a matter of days. Huaxin made the most advantageous proposal in the competitive process CSN launched in March 2026.
Market context
CSN said on 20 October that negotiations were in their final stage and dropped a possible IPO of the cement business as an alternative. The company said it would keep the market informed of material developments.
