Companhia Siderúrgica Nacional (CSN) reached on Friday, October 30, an exclusivity agreement with China’s Huaxin Building Materials Group to negotiate the sale of CSN Cimentos Brasil, according to Brazil Stock Guide.

The proposal values the cement business at R$12.7 billion on an enterprise-value basis, marking progress on a key component of CSN’s asset-sale program to reduce its debt burden. According to the company, Huaxin submitted the most attractive proposal in the competitive sale process launched in March 2026.