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INVESTMENTS IN ASSOCIATES AND JOINT VENTURES (Details) - BRL (R$) R$ in Thousands | 12 Months Ended
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Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020
INVESTMENTS IN ASSOCIATES AND JOINT VENTURES |  |  |
Balance at beginning of year | R$ 3,340,775 | R$ 2,271,629 | R$ 1,812,399
Equity in earnings | 1,151,827 | 563,158 | 152,569
Other comprehensive income | (205,592) | 225,507 | 358,816
Capital increase | 35,001 | 27,500 | 42,782
Capital decrease |  | (141,095) |
Results in operations with subsidiary and joint ventures (note 3.4) |  | 511,514 |
Dividends/Interest on equity | (425,493) | (117,438) | (94,937)
Balance at end of year | 3,896,518 | 3,340,775 | 2,271,629
Investments in North America |  |  |
INVESTMENTS IN ASSOCIATES AND JOINT VENTURES |  |  |
Balance at beginning of year | 1,871,275 | 908,339 | 681,807
Equity in earnings | 884,437 | 279,948 | 23,494
Other comprehensive income | (76,795) | 173,934 | 165,479
Capital increase |  |  | 42,782
Results in operations with subsidiary and joint ventures (note 3.4) |  | 511,514 |
Dividends/Interest on equity | (250,680) | (2,460) | (5,223)
Balance at end of year | 2,428,237 | 1,871,275 | 908,339
Investments in South America |  |  |
INVESTMENTS IN ASSOCIATES AND JOINT VENTURES |  |  |
Balance at beginning of year | 1,071,333 | 976,045 | 748,392
Equity in earnings | 277,108 | 268,291 | 99,913
Other comprehensive income | (127,099) | 52,278 | 195,286
Capital decrease |  | (141,095) |
Dividends/Interest on equity | (160,572) | (84,186) | (67,546)
Balance at end of year | 1,060,770 | 1,071,333 | 976,045
Investments in Special Steel |  |  |
INVESTMENTS IN ASSOCIATES AND JOINT VENTURES |  |  |
Balance at beginning of year | 251,668 | 231,152 | 224,201
Equity in earnings | 9,243 | 28,831 | 8,900
Other comprehensive income | (414) | 710 | (1,949)
Dividends/Interest on equity | (3,684) | (9,025) |
Balance at end of year | 256,813 | 251,668 | 231,152
Other investments |  |  |
INVESTMENTS IN ASSOCIATES AND JOINT VENTURES |  |  |
Balance at beginning of year | 146,499 | 156,093 | 157,999
Equity in earnings | (18,961) | (13,912) | 20,262
Other comprehensive income | (1,284) | (1,415) |
Capital increase | 35,001 | 27,500 |
Dividends/Interest on equity | (10,557) | (21,767) | (22,168)
Balance at end of year | R$ 150,698 | R$ 146,499 | R$ 156,093

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