CSN (Companhia Siderúrgica Nacional), Brazil’s major steelmaker is moving forward with its plans to find a new partner for its cement division to cut increasing debts (we reported here 20.01.2026). It has been reported that Morgan Stanley has been hired to advise on possible bids. Votorantim and Huaxin have entered talks to acquire the 17 Mta cement capacity assets from 7 integrated plants (photo: Arcos cement plant) and 6 grinding units. Earlier, a number of other interested buyers were named, incl. Holcim and Cemex. CSN reported that in 2025 a total of 13.393 Mta cement have been produced after 13.527 in the year before, while the EBITDA margin of the cement division declined from 28.5% to 26.3%.