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SEGMENT REPORTING (Tables)

12 Months Ended

Dec. 31, 2021

SEGMENT REPORTING

Schedule of company's segment information classified according to the business segments


		Business Segments
		2021
				North America		South America		Special Steel		Eliminations and
		Brazil Operation		Operation		Operation		Operation		Adjustments		Consolidated
Net sales		34,757,720		27,838,000		6,856,766		10,980,191		(2,087,596)		78,345,081
Cost of sales		(22,496,140)		(22,416,578)		(5,332,853)		(9,427,221)		2,145,071		(57,527,721)
Gross profit		12,261,580		5,421,422		1,523,913		1,552,970		57,475		20,817,360
Selling, general and administrative expenses		(781,942)		(639,370)		(157,912)		(233,348)		(293,379)		(2,105,951)
Other operating income (expenses)		137,649		42,141		27,514		71,287		241,140		519,731
Eletrobras compulsory loan recovery		—		—		—		—		1,391,280		1,391,280
Results in operations with subsidiary and joint ventures (note 3.4)		—		—		—		—		(162,913)		(162,913)
Impairment of financial assets		7,823		(7,668)		(1,073)		1,275		—		357
Equity in earnings of unconsolidated companies		—		279,948		268,291		28,831		(13,912)		563,158
Operational income before financial income (expenses) and taxes		11,625,110		5,096,473		1,660,733		1,421,015		1,219,691		21,023,022
Financial result, net		(538,341)		(156,437)		(314,473)		(238,249)		497,046		(750,454)
Income (Loss) before taxes		11,086,769		4,940,036		1,346,260		1,182,766		1,716,737		20,272,568
Income and social contribution taxes		(2,769,495)		(1,092,146)		(377,286)		(287,292)		(187,411)		(4,713,630)
Net income (Loss)		8,317,274		3,847,890		968,974		895,474		1,529,326		15,558,938

Supplemental information:
Net sales between segments		1,352,079		70,904		16,297		648,316		—		2,087,596

Depreciation/amortization		1,330,963		627,483		213,001		487,114		—		2,658,561

Investments in associates and joint ventures		—		1,871,274		1,071,333		251,668		146,500		3,340,775
Total assets		24,835,717		22,096,314		7,113,706		13,658,147		6,110,729		73,814,613
Total liabilities		8,105,443		4,603,424		2,376,176		2,801,071		13,112,850		30,998,964


		Business Segments
		2020
				North America		South America		Special Steel		Eliminations and
		Brazil Operation		Operation		Operation		Operation		Adjustments		Consolidated
Net sales		17,752,823		17,458,318		3,831,406		6,096,471		(1,324,357)		43,814,661
Cost of sales		(14,179,991)		(16,212,757)		(3,015,189)		(5,794,666)		1,318,501		(37,884,102)
Gross profit		3,572,832		1,245,561		816,217		301,805		(5,856)		5,930,559
Selling, general and administrative expenses		(562,019)		(476,518)		(116,479)		(179,822)		(195,547)		(1,530,385)
Other operating income (expenses)		31,500		97,751		16,684		55,097		916,667		1,117,699
Impairment of non-financial assets		—		(342,355)		—		(69,570)		—		(411,925)
Impairment of financial assets		(23,177)		(36,286)		(2,436)		(2,233)		—		(64,132)
Equity in earnings of unconsolidated companies		(1,287)		23,512		99,341		8,899		22,104		152,569
Operational income before financial income (expenses) and taxes		3,017,849		511,665		813,327		114,176		737,368		5,194,385
Financial result, net		(442,972)		(206,405)		(60,787)		(215,433)		(773,110)		(1,698,707)
Income (Loss) before taxes		2,574,877		305,260		752,540		(101,257)		(35,742)		3,495,678
Income and social contribution taxes		(652,126)		(178,447)		(195,440)		13,229		(94,840)		(1,107,624)
Net income (Loss)		1,922,751		126,813		557,100		(88,028)		(130,582)		2,388,054

Supplemental information:
Net sales between segments		1,149,618		60,370		41		114,328		—		1,324,357

Depreciation/amortization		1,135,294		777,369		142,143		444,298		—		2,499,104

Investments in associates and joint ventures		10,186		908,338		976,046		231,152		145,907		2,271,629
Total assets		21,099,735		18,583,439		5,448,922		11,233,676		6,757,237		63,123,009
Total liabilities		7,469,541		5,261,820		1,360,098		1,994,575		15,951,765		32,037,799


		Business Segments
		2019
				North America		South America		Special Steel		Eliminations and
		Brazil Operation		Operation		Operation		Operation		Adjustments		Consolidated
Net sales		16,122,171		14,656,028		3,259,253		6,701,900		(1,095,342)		39,644,010
Cost of sales		(14,363,253)		(13,351,209)		(2,762,157)		(6,167,502)		1,203,395		(35,440,726)
Gross profit		1,758,918		1,304,819		497,096		534,398		108,053		4,203,284
Selling, general and administrative expenses		(539,344)		(444,326)		(119,627)		(170,170)		(156,989)		(1,430,456)
Other operating income (expenses)		295,818		44,660		17,416		35,571		55,734		449,200
Impairment of financial assets		(2,012)		(14,612)		(1,906)		(2,513)		—		(21,044)
Equity in earnings of unconsolidated companies		(828)		(110,959)		66,468		6,776		21,493		(17,050)
Operational income before financial income (expenses) and taxes		1,512,552		779,582		459,447		404,062		28,291		3,183,934
Financial result, net		(520,821)		(99,029)		(163,459)		(109,116)		(616,789)		(1,509,214)
Income (Loss) before taxes		991,731		680,553		295,988		294,946		(588,498)		1,674,720
Income and social contribution taxes		(214,400)		(188,458)		(100,341)		(60,749)		106,115		(457,833)
Net income (Loss)		777,331		492,095		195,647		234,197		(482,383)		1,216,887

Supplemental information:
Net sales between segments		920,659		62,196		—		112,487		—		1,095,342

Depreciation/amortization		1,008,713		571,015		120,462		374,105		—		2,074,295

Investments in associates and joint ventures		11,472		681,807		748,392		224,201		146,527		1,812,399
Total assets		17,195,824		15,178,053		4,562,604		8,597,180		8,469,309		54,002,970
Total liabilities		4,686,686		4,506,771		996,876		1,604,885		15,034,625		26,829,843

Schedule of company's geographic information classified according to the geographical region


								Geographic Area
		Brazil		Latin America ⁽¹⁾		North America ⁽²⁾		Consolidated
		2021		2021		2021		2021
Net sales		37,733,918		8,567,310		32,043,853		78,345,081
Total assets		31,740,469		8,959,237		33,114,907		73,814,613


								Geographic Area
		Brazil		Latin America ⁽¹⁾		North America ⁽²⁾		Consolidated
		2020		2020		2020		2020
Net sales		18,798,384		4,996,434		20,019,843		43,814,661
Total assets		28,752,629		7,042,462		27,327,918		63,123,009


								Geographic Area
		Brazil		Latin America ⁽¹⁾		North America ⁽²⁾		Consolidated
		2019		2019		2019		2019
Net sales		17,573,278		4,201,165		17,869,567		39,644,010
Total assets		26,124,159		5,781,527		22,097,284		54,002,970

(1) Does not include operations of Brazil

(2) Does not include operations of Mexico