Cia. Siderúrgica Nacional (CSN) is seeking at least 15 billion reais ($2.9 billion) for the sale of its entire cement business, according to a person familiar with the matter. The company, led by Benjamin Steinbruch, expects to receive four bids as it moves forward with the divestiture. The sale represents a significant move in Brazil's construction and mining sector, potentially attracting international buyers interested in expanding their cement portfolio. The listing marks one of the largest industrial asset sales in the region this year, with the cement unit being a key component of CSN's broader industrial strategy.

Sources indicate that the bidding process is expected to unfold over the coming months, with interested parties already conducting preliminary due diligence on the operation. The cement business encompasses multiple production facilities and distribution networks across Brazil, making it an attractive target for infrastructure-focused investors.

The sale aligns with global trends of resource companies streamlining operations to focus on core competencies and improve financial performance. CSN's decision to pursue this divestiture reflects broader market dynamics in the Latin American construction materials sector.