Votorantim, Huaxin Are Said Among Firms Vying to Buy CSN Cement

Votorantim SA and Huaxin Cement Co. are among companies in talks to acquire the cement unit of Brazilian conglomerate CSN, according to people familiar with the matter.

The purchase price could be as high as $3 billion, the people said, asking not to be named discussing private information. CSN is working with Morgan Stanley on the sale, the company said Thursday. The talks are in an early stage and could still end without a deal.

Votorantim and its cement unit each declined to comment. CSN and Huaxin didn’t respond to requests for comment.

Cia. Siderúrgica Nacional, as the company ...