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INVESTMENTS IN NON-CONSOLIDATED COMPANIES (Value of investment in Usinas) (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Disclosure of unconsolidated structured entities [line items]      
Investments in non-consolidated companies, beginning balance $ 418,379 $ 250,412  
Share of results 68,115 14,624  
Other comprehensive income (4,786) 39,077  
Dividends 3,360 183 $ 0
Acquisition of additional shares (note 3) 0 114,449 9,600
Investments in non-consolidated companies, ending balance 478,348 418,379 250,412
USINAS SIDEÚRGICAS DE MINAS GERAIS S.A.      
Disclosure of unconsolidated structured entities [line items]      
Investments in non-consolidated companies, beginning balance 411,134 239,960  
Share of results 63,030 16,832  
Other comprehensive income (4,570) 39,893  
Dividends (3,295) 0  
Acquisition of additional shares (note 3) 0 114,449  
Investments in non-consolidated companies, ending balance $ 466,299 $ 411,134 $ 239,960