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OTHER OPERATING INCOME (EXPENSES), NET (Details) - USD ($) | 12 Months Ended
--- | ---
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021
Other operating income (expenses), net [Abstract] |  |  |
Results of sundry assets | $ 8,165,000 | $ 8,177,000 | $ 8,558,000
Gain from the agreement related to the post-retirement benefits from Usiminas | 108,696,000 | 0 | 0
Provision for legal claims and other matters (Note 19 and 25 (i) and (ii)) | 59,649,000 | 1,069,000 | 0
Other operating income | 0 | 5,735,000 | 40,587,000
Other Operating Income, Net | 176,510,000 | 14,981,000 | 49,145,000
Provision for legal claims and other matters (Note 19 and 25 (i) and (ii)) | 0 | 0 | (11,761,000)
Impairment charge (2) | (42,316,000) | (99,000,000) | 0
Reversal of the asset in connection with the slab commitment agreement (Note 4 (e) (6)) | 0 | 0 | (11,798,000)
Other operating expense | (23,857,000) | 0 | 0
Other operating expense | (66,173,000) | (99,000,000) | (23,559,000)
Other operating (expense) income, net | 110,337,000 | $ (84,019,000) | 25,586,000
Update of certain tax liabilities | $ 10,000 |  |
Recovery of tax credits |  |  | $ 27,200,000

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- Definition The amount of miscellaneous other operating income. [Refer: Other operating income (expense)] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2023-01-01 -Paragraph 112 -Subparagraph c -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_112_c&doctype=Standard -URIDate 2023-03-23 + Details
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- Definition The amount of operating income (expense) that the entity does not separately disclose in the same statement or note. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2023-01-01 -Paragraph 85 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_85&doctype=Standard -URIDate 2023-03-23 + Details
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- Definition The amount of post-employment benefit expense included in profit or loss + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 19 -IssueDate 2023-01-01 -Paragraph 5 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=19&code=ifrs-tx-2023-en-r&anchor=para_5&doctype=Standard -URIDate 2023-03-23 + Details
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- Definition The amount recognised resulting from the write-down of property, plant and equipment to its recoverable amount or reversals of those write-downs. [Refer: Property, plant and equipment] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2023-01-01 -Paragraph 98 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_98_a&doctype=Standard -URIDate 2023-03-23 + Details
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