According to CoinMeta, on November 8th, Huaxin Building Materials announced its intention to acquire 99.99% of the shares in Companhia Nacional de Cimento e Aço do Brasil (Cimento Siderúrgico do Brasil) held by Companhia Siderúrgica Nacional do Brasil for approximately 9.0337 billion Brazilian reais (about 1.642 billion US dollars). The transaction price represents a premium of about 34.41% over the book value of Cimento Siderúrgico do Brasil as of December 31, 2025. The company is the second-largest cement producer in Brazil, with 7 kiln plants and 6 grinding stations, and has a total cement production capacity of 17 million tons per year, accounting for about 21% of the market share. If this project is successfully implemented, it will mark the first time that a Chinese cement enterprise enters the Brazilian market.