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SEGMENT INFORMATION (Tables)
 12 Months Ended
Dec. 31, 2018
Disclosure of entity's operating segments [Abstract]  
Disclosure of operating segments
 
Year ended December 31, 2018
 
Steel
 
Mining
 
Inter-
segment
eliminations
 
Total
IFRS
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net sales
11,453,420

 
282,000

 
(280,613
)
 
11,454,807

Cost of sales
(8,524,890
)
 
(239,893
)
 
281,455

 
(8,483,328
)
 
 
 
 
 
 
 
 
Gross profit
2,928,530

 
42,107

 
842

 
2,971,479

 
 
 
 
 
 
 
 
Selling, general and administrative expenses
(860,881
)
 
(15,883
)
 
—

 
(876,764
)
Other operating income, net
12,950

 
706

 
—

 
13,656

 
 
 
 
 
 
 
 
Operating income - IFRS
2,080,599

 
26,930

 
842

 
2,108,371

 
 
 
 
 
 
 
 
Management view
 
 
 
 
 
 
 
Net sales
11,723,883

 
333,892

 
(332,505
)
 
11,725,270

Operating income
1,768,115

 
91,418

 
(6,213
)
 
1,853,319

Reconciliation items:
 
 
 
 
 
 
 
Differences in Cost of sales
 
 
 
 
 
 
541,492

Effect of inflation adjustment (Note 4 (cc))
 
 
 
 
 
 
(286,440
)
 
 
 
 
 
 
 
 
Operating income - IFRS
 
 
 
 
 
 
2,108,371

 
 
 
 
 
 
 
 
Financial income (expense), net
 
 
 
 
 
 
(179,576
)
Equity in earnings (losses) of non-consolidated companies
 
 
 
 
 
 
102,772

 
 
 
 
 
 
 
 
Income before income tax expense - IFRS
 
 
 
 
 
 
2,031,567

 
 
 
 
 
 
 
 
Depreciation and amortization - IFRS
(537,885
)
 
(51,415
)
 
—

 
(589,299
)
The effect of the application of IAS 29 - Hyperinflationary economies in Argentina is only allocated in the Steel segment, having an impact of $(270) million on Net sales, $(38) million in Cost of sales, $24 million in Selling, general and administrative expenses and $(3) million in Other operating expenses, net.
 
Year ended December 31, 2017
 
Steel
 
Mining
 
Inter-
segment
eliminations
 
Total
IFRS
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net sales
9,700,260

 
271,477

 
(271,441
)
 
9,700,296

Cost of sales
(7,465,751
)
 
(212,860
)
 
275,586

 
(7,403,025
)
 
 
 
 
 
 
 
 
Gross profit
2,234,509

 
58,617

 
4,145

 
2,297,271

 
 
 
 
 
 
 
 
Selling, general and administrative expenses
(811,487
)
 
(12,760
)
 
—

 
(824,247
)
Other operating income, net
(17,011
)
 
771

 
—

 
(16,240
)
 
 
 
 
 
 
 
 
Operating income - IFRS
1,406,011

 
46,628

 
4,145

 
1,456,784

 
 
 
 
 
 
 
 
Management view
 
 
 
 
 
 
 
Net sales
9,700,260

 
287,152

 
(287,116
)
 
9,700,296

Operating income
1,065,605

 
66,694

 
(1,291
)
 
1,131,008

Reconciliation items:
 
 
 
 
 
 
 
Differences in Cost of sales
 
 
 
 
 
 
325,776

 
 
 
 
 
 
 
 
Operating income - IFRS
 
 
 
 
 
 
1,456,784

 
 
 
 
 
 
 
 
Financial income (expense), net
 
 
 
 
 
 
(165,090
)
Equity in earnings (losses) of non-consolidated companies
 
 
 
 
 
 
68,115

 
 
 
 
 
 
 
 
Income before income tax expense - IFRS
 
 
 
 
 
 
1,359,809

 
 
 
 
 
 
 
 
Depreciation and amortization - IFRS
(424,529
)
 
(49,770
)
 
—

 
(474,299
)
 
Year ended December 31, 2016
 
Steel
 
Mining
 
Inter-
segment
eliminations
 
Total
IFRS
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net sales
7,221,751

 
204,894

 
(202,670
)
 
7,223,975

Cost of sales
(5,391,038
)
 
(192,038
)
 
198,686

 
(5,384,390
)
 
 
 
 
 
 
 
 
Gross profit
1,830,713

 
12,856

 
(3,984
)
 
1,839,585

 
 
 
 
 
 
 
 
Selling, general and administrative expenses
(677,007
)
 
(10,935
)
 
—

 
(687,942
)
Other operating income, net
(9,543
)
 
(382
)
 
—

 
(9,925
)
 
 
 
 
 
 
 
 
Operating income - IFRS
1,144,163

 
1,539

 
(3,984
)
 
1,141,718

 
 
 
 
 
 
 
 
Management view
 
 
 
 
 
 
 
Net sales
7,221,751

 
208,230

 
(206,006
)
 
7,223,975

Operating income
936,164

 
3,871

 
269

 
940,303

Reconciliation items:
 
 
 
 
 
 
 
Differences in Cost of sales
 
 
 
 
 
 
201,415

 
 
 
 
 
 
 
 
Operating income - IFRS
 
 
 
 
 
 
1,141,718

 
 
 
 
 
 
 
 
Financial income (expense), net
 
 
 
 
 
 
(37,885
)
Equity in earnings (losses) of non-consolidated companies
 
 
 
 
 
 
14,624

 
 
 
 
 
 
 
 
Income before income tax expense - IFRS
 
 
 
 
 
 
1,118,457

 
 
 
 
 
 
 
 
Depreciation and amortization - IFRS
(361,685
)
 
(45,205
)
 
—

 
(406,890
)
Disclosure of geographical areas
 
Year ended December 31, 2018
 
Mexico
 
Southern
region
 
Brazil and Other markets (2)
 
Total
 
 
 
 
 
 
 
 
Net sales
6,345,137

 
1,941,168

 
3,168,502

 
11,454,807

 
 
 
 
 
 
 
 
Non-current assets (1)
4,093,288

 
1,071,705

 
1,665,140

 
6,830,133

 
Year ended December 31, 2017
 
Mexico
 
Southern
region
 
Brazil and Other markets (2)
 
Total
 
 
 
 
 
 
 
 
Net sales
5,629,267

 
2,316,444

 
1,754,585

 
9,700,296

 
 
 
 
 
 
 
 
Non-current assets (1)
4,042,914

 
643,411

 
1,756,007

 
6,442,332

 
Year ended December 31, 2016
 
Mexico
 
Southern
region
 
Other markets
 
Total
 
 
 
 
 
 
 
 
Net sales
4,491,761

 
1,867,622

 
864,592

 
7,223,975

 
 
 
 
 
 
 
 
Non-current assets (1)
4,108,539

 
634,048

 
235,947

 
4,978,534

(1) Includes Property, plant and equipment and Intangible assets.
(2) Includes the assets related to the business acquisition disclosed in note 3
Disclosure of products and services
 
Year ended December 31,
 
2018
 
2017
 
2016
 
 
 
 
 
 
Semi-finished (1)
103,099

 
123,752

 
19,878

Slabs
1,818,235

 
715,513

 
—

Hot rolled (2)
3,961,144

 
3,366,697

 
2,763,403

Cold rolled
1,264,940

 
1,321,663

 
1,110,671

Coated (3)
3,506,040

 
3,391,328

 
2,900,009

Roll-formed and tubular (4)
437,514

 
472,253

 
413,991

Other products (5)
363,835

 
309,090

 
16,023

 
 
 
 
 
 
TOTAL SALES
11,454,807

 
9,700,296

 
7,223,975

(1)
Semi-finished includes billets and round bars.
(2)
Hot rolled includes hot rolled flat products, merchant bars, reinforcing bars, stirrups and rods.
(3)
Coated includes tin plate and galvanized products.
(4)
Roll-formed and tubular includes tubes, beams, insulated panels, roofing and cladding, roof tiles, steel decks and pre-engineered metal building systems.
(5)
Other products include mainly sales of energy and pig iron.