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Consolidated Income Statements - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Disclosure of analysis of other comprehensive income by item [line items]      
Net sales $ 17,610,092 $ 16,414,466 $ 16,090,744
Cost of sales (14,050,737) (12,487,282) (9,895,070)
Gross profit 3,559,355 3,927,184 6,195,674
Selling, general and administrative expenses (1,471,678) (1,143,646) (950,124)
Other operating (expense) income, net 110,337 (84,019) 25,586
Operating income 2,198,014 2,699,519 5,271,136
Finance expense (125,376) (46,737) (26,997)
Finance income 255,009 75,145 62,912
Other financial (expenses) income, net (6,179) (98,541) 56,547
Equity in earnings of non-consolidated companies 105,305 37,114 400,732
Profit before income tax expense 1,320,782 2,666,500 5,764,330
Income tax expense (334,408) (573,728) (1,397,139)
Profit for the year 986,374 2,092,772 4,367,191
Attributable to:      
Owners of the parent 676,043 1,767,516 3,825,068
Non-controlling interest $ 310,331 $ 325,256 $ 542,123
Weighted average number of shares outstanding (in shares) 1,963,076,776 1,963,076,776 1,963,076,776
Basic earnings per share for profit attributable to the owners of the parent (expressed in $ per share) $ 0.34 $ 0.90 $ 1.95
Diluted earnings per share for profit attributable to the owners of the parent (expressed in $ per share) $ 0.34 $ 0.90 $ 1.95
Usiminas      
Disclosure of analysis of other comprehensive income by item [line items]      
Effect related to the increase of the participation in Usiminas $ (171,045) $ 0 $ 0
Recycling of other comprehensive income related to Usiminas $ (934,946) $ 0 $ 0