Brazil: China-based Huaxin Building Materials Group signed an exclusivity agreement on 30 October 2026 to buy the Brazilian cement producer CSN Cimentos from Companhia Siderúrgica Nacional (CSN) in a deal that could reach US$2.35bn. According to CSN, a contract should be signed 'in the coming days.'
“Huaxin submitted the most advantageous proposal for the acquisition of CSN Cimentos as part of the competitive process launched in March 2026,” CSN said in a statement.
In early 2026 CSN announced its intention to sell assets, including CSN Cimentos and part of its logistics business, amid efforts to reduce its indebtedness.
