XML 168 R71.htm IDEA: XBRL DOCUMENT v3.24.1
ACQUISITION OF BUSINESS – INCREASE OF THE PARTICIPATION IN USIMINAS CONTROL GROUP AND NEW GOVERNANCE STRUCTURE OF USIMINAS - Narrative (Details)
$ in Thousands, shares in Millions
6 Months Ended 12 Months Ended
Jul. 03, 2023
USD ($)
d
officer
shares
Jul. 02, 2023
Jun. 30, 2023
group
member
vicePresident
shares
Mar. 30, 2023
R$ / shares
shares
Dec. 31, 2023
USD ($)
Jun. 30, 2023
group
member
vicePresident
shares
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Jul. 03, 2023
R$ / shares
Jul. 19, 2016
shares
Apr. 20, 2016
shares
Oct. 30, 2014
shares
Jan. 16, 2012
shares
Disclosure of detailed information about business combination [line items]                            
Proportion of control group shares required for decision 0.55                          
Quoted price (in BRL per share) | R$ / shares                   R$ 7.36        
Pro forma revenue as if combination occurred at beginning of the period             $ 5,517,000              
Profit of combined entity as if combination occurred at beginning of period             237,000              
Financial liabilities         $ 5,043,160   5,043,160 $ 2,438,751            
Non-controlling interest         4,393,264   4,393,264 1,922,434            
Written put options                            
Disclosure of detailed information about business combination [line items]                            
Financial liabilities $ 242,500       249,300   249,300              
T/T Group                            
Disclosure of detailed information about business combination [line items]                            
Number of other board officers | officer 4                          
Usiminas                            
Disclosure of detailed information about business combination [line items]                            
Number of shares acquired through business combination (in shares) | shares 57.7                          
Cash transferred $ 118,686                          
Remeasurement of previously held interest in Usiminas 385,851                          
Loss on the remeasurement of previously held interest in Usiminas 441,410                          
Bargain purchase gain 270,365                          
Effect Related To The Increase Of The Participation In Subsidiary 171,045           171,045 $ 0 $ 0          
Other comprehensive income that will be reclassified to profit or loss, before tax 934,900                          
Non-controlling interest 2,818,358                          
Non-controlling interest $ 2,575,900                          
Usiminas | NSC Group                            
Disclosure of detailed information about business combination [line items]                            
Number of executive board members | member     3     3                
Nomination right for chief executive officer, alternation term     4 years     4 years                
Nomination right for board of directors, alternation term     4 years     4 years                
Usiminas | Ternium                            
Disclosure of detailed information about business combination [line items]                            
Number of executive board members | member     3     3                
Nomination right for chief executive officer, alternation term     4 years     4 years                
Nomination right for board of directors, alternation term     4 years     4 years                
Usiminas | T/T Group | Put And Call Option                            
Disclosure of detailed information about business combination [line items]                            
Trading average price period | d 40                          
Derivative financial assets, share price (in BRL per share) | R$ / shares                   R$ 10        
Usiminas | Ordinary shares                            
Disclosure of detailed information about business combination [line items]                            
Number of shares to be acquired as per share purchase agreement (in shares) | shares       68.7                    
Price per share as per share purchase agreement (in BRL per share) | R$ / shares       R$ 10                    
Ternium Investments | Usiminas                            
Disclosure of detailed information about business combination [line items]                            
Number of shares acquired through business combination (in shares) | shares                           84.7
Ternium Argentina S.A. | Usiminas                            
Disclosure of detailed information about business combination [line items]                            
Number of shares acquired through business combination (in shares) | shares                           30.0
Confab Industrial S.A. | Usiminas                            
Disclosure of detailed information about business combination [line items]                            
Number of shares acquired through business combination (in shares) | shares                           25.0
Ternium Investments S.à.r.l. | Usiminas | Ordinary shares                            
Disclosure of detailed information about business combination [line items]                            
Number of shares acquired through business combination (in shares) | shares                     62.6   51.4  
Ternium Investments S.à.r.l. | Usiminas | Preferred shares                            
Disclosure of detailed information about business combination [line items]                            
Number of shares acquired through business combination (in shares) | shares                       7.0    
Usiminas Control Group | Usiminas                            
Disclosure of detailed information about business combination [line items]                            
Number of shares held | shares     483.6     483.6                
Usiminas Control Group | Usiminas                            
Disclosure of detailed information about business combination [line items]                            
Proportion of voting rights held in associate     68.60%                      
The T/T Group, The NSC Group, And Previdência Usiminas                            
Disclosure of detailed information about business combination [line items]                            
Number of sub groups | group     3     3                
T/T Group | Usiminas Control Group                            
Disclosure of detailed information about business combination [line items]                            
Proportion of shares held     0.471                      
T/T Group | Usiminas | Usiminas Control Group                            
Disclosure of detailed information about business combination [line items]                            
Proportion of shares held 0.613                          
Ternium | Usiminas                            
Disclosure of detailed information about business combination [line items]                            
Proportion of ownership interest in associate (percent)   20.40%                        
Ternium | Usiminas Control Group                            
Disclosure of detailed information about business combination [line items]                            
Proportion of shares held     0.395                      
Ternium | Usiminas                            
Disclosure of detailed information about business combination [line items]                            
Proportion of ownership interest in associate (percent)     20.40%                      
Effect Related To The Increase Of The Participation In Subsidiary             $ 171,045              
Ternium | Usiminas | Usiminas Control Group                            
Disclosure of detailed information about business combination [line items]                            
Proportion of shares held 0.515                          
Ternium | Usiminas | Ordinary shares                            
Disclosure of detailed information about business combination [line items]                            
Number of shares held | shares     242.6     242.6                
Proportion of shares held           0.344                
Ternium | Usiminas | Preferred shares                            
Disclosure of detailed information about business combination [line items]                            
Number of shares held | shares     8.5     8.5                
Proportion of shares held           0.016                
TenarisConfab | Usiminas Control Group                            
Disclosure of detailed information about business combination [line items]                            
Proportion of shares held     0.076                      
NSC Group | Usiminas Control Group                            
Disclosure of detailed information about business combination [line items]                            
Proportion of shares held     0.459                      
NSC Group | Usiminas | Usiminas Control Group                            
Disclosure of detailed information about business combination [line items]                            
Proportion of shares held 0.317                          
NSC Group | Usiminas | T/T Group | Put And Call Option                            
Disclosure of detailed information about business combination [line items]                            
Number of shares held | shares 153.1                          
Previdência Usiminas | Usiminas Control Group                            
Disclosure of detailed information about business combination [line items]                            
Proportion of shares held     0.07                      
Previdência Usiminas | Usiminas | Usiminas Control Group                            
Disclosure of detailed information about business combination [line items]                            
Proportion of shares held 0.071                          
Usiminas                            
Disclosure of detailed information about business combination [line items]                            
Revenue of acquiree since acquisition date         2,737,000                  
Loss on the remeasurement of previously held interest in Usiminas         $ 129,000                  
Usiminas | Usiminas                            
Disclosure of detailed information about business combination [line items]                            
Number of executive board members | member     6     6                
Number of vice-presidents | vicePresident     5     5                
Ternium Investments S.a.r.l. And Prosid | Usiminas | Ordinary shares                            
Disclosure of detailed information about business combination [line items]                            
Number of shares acquired through business combination (in shares) | shares                     13.8      
Ternium Investments S.a.r.l. And Prosid | Usiminas | Preferred shares                            
Disclosure of detailed information about business combination [line items]                            
Number of shares acquired through business combination (in shares) | shares                       1.5