Huaxin advances talks to acquire CSN Cimentos for US$2.33bn

China's Huaxin Building Materials Group has signed a 10-day exclusivity agreement with Companhia Siderúrgica Nacional to acquire CSN Cimentos Brasil, valuing the Brazilian cement producer at BRL12.7 billion (approximately US$2.33 billion). No definitive agreement has been signed yet.

“Huaxin said the proposed acquisition would strengthen its global production footprint and increase its market share and competitiveness in South America's cement sector.”cemnet.com

• 4 sources
• cemnet.comHuaxin advances US$2.33bn CSN Cimentos acquisition talksNov 2, 2026
• steelorbis.comCSN signs exclusivity deal to sell cement unit to Huaxin Building Materials Group CoNov 3, 2026
• datamarnews.comCSN Signs Exclusivity Agreement With China’s Huaxin for Cement Unit Sale - DatamarNewsNov 3, 2026
• cemnet.comCement Company and Corporate News | CemNetNov 4, 2026

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