CSN Sells Cement Business to Chinese Huaxin for R$12.74 Billion in Strategic Debt Reduction Move

Companhia Siderúrgica Nacional (CSN) has announced the sale of its cement division, CSN Cimentos, to the Chinese conglomerate Huaxin Building Materials Group for R$12.74 billion. This significant transaction is part of CSN's broader strategy to reduce its corporate debt burden. The deal, pending regulatory approvals from Brazil's Administrative Council for Economic Defense (Cade), the National Electric Energy Agency (Aneel), and Chinese authorities, was finalized after an exclusivity agreement and competitive bidding process that began in March 2026.

Huaxin emerged as the winning bidder, surpassing a consortium formed by Votorantim Cimentos and Cementir Holdings. CSN, which holds around 20% of the Brazilian cement market, making it the second-largest cement producer behind Votorantim, saw its shares rise by 8.89% on the B3 stock exchange following the announcement, reflecting positive investor sentiment.

This transaction marks a pivotal move for CSN as it reallocates resources amid a competitive cement sector in Brazil, attracting interest from both domestic and international players. The company declared the deal confirmed on October 7 after signing the purchase agreement to finalize the sale with Huaxin, underscoring a tightly negotiated process focused on optimizing business outcomes for all parties involved.

The sale highlights ongoing dynamics in Brazil’s industrial and construction materials market, bridging local corporate strategies with international investment flows. With regulatory clearances awaited, the deal is set to reshape the competitive landscape of the cement sector in Brazil.