en.Wedoany.com Reported - Brazilian steel company CSN is advancing the sale of its cement division, with the deadline for binding bids set for August 7, 2026. The company received at least seven proposals during the non-binding phase of the transaction, with potential investors including China's Sinoma and Huaxin Building Materials, Germany's Heidelberg Materials, and Brazilian firm Votorantim Cimentos.

The deal could raise nearly $2 billion. J&F and Suzano Holding initially expressed interest but have reportedly withdrawn from discussions. CSN Chairman Benjamin Steinbruch stated that the company received "good proposals, more than expected," and is "working to narrow down these proposals and reach a conclusion quickly."

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