XML 186 R164.htm IDEA: XBRL DOCUMENT v3.23.1
SEGMENT REPORTING - Summary (Details) - BRL (R$)
R$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Segment reporting as per business segments        
Net sales R$ 82,412,210 R$ 78,345,081 R$ 43,814,661  
Cost of sales (63,661,156) (57,527,721) (37,884,102)  
GROSS PROFIT 18,751,054 20,817,360 5,930,559  
Selling, general and administrative expenses (2,187,618) (2,105,951) (1,530,385)  
Other operating income (expenses) 36,271 519,731 1,117,699  
Eletrobras compulsory loan recovery   1,391,280    
Results in operations with subsidiary and joint ventures   (162,913)    
Impairment of non-financial assets 0 0 (411,925)  
Impairment of financial assets (81) 357 (64,132)  
Equity in earnings of unconsolidated companies 1,151,827 563,158 152,569  
INCOME BEFORE FINANCIAL INCOME (EXPENSES) AND TAXES 17,751,453 21,023,022 5,194,385  
Financial result, net (1,892,426) (750,454) (1,698,707)  
INCOME BEFORE TAXES 15,859,027 20,272,568 3,495,678  
Income and social contribution taxes (4,379,475) (4,713,630) (1,107,624)  
NET INCOME 11,479,552 15,558,938 2,388,054  
Supplemental information:        
Net sales between segments 2,463,972 (2,087,596) (1,324,357)  
Depreciation/amortization 2,866,699 2,658,561 2,499,104  
Investments in associates and joint ventures 3,896,518 3,340,775 2,271,629 R$ 1,812,399
Total assets 73,798,652 73,814,613 63,123,009  
Total liabilities 27,500,459 30,998,964 32,037,799  
North America Operation        
Segment reporting as per business segments        
Results in operations with subsidiary and joint ventures   162,913    
Impairment of non-financial assets     (342,355)  
Special Steel Operation        
Segment reporting as per business segments        
Impairment of non-financial assets     (69,570)  
Operating Segments | Brazil Operation        
Segment reporting as per business segments        
Net sales 32,971,136 34,757,720 17,752,823  
Cost of sales (27,083,063) (22,496,140) (14,179,991)  
GROSS PROFIT 5,888,073 12,261,580 3,572,832  
Selling, general and administrative expenses (819,806) (781,942) (562,019)  
Other operating income (expenses) 31,212 137,649 31,500  
Impairment of financial assets 946 7,823 (23,177)  
Equity in earnings of unconsolidated companies     (1,287)  
INCOME BEFORE FINANCIAL INCOME (EXPENSES) AND TAXES 5,100,425 11,625,110 3,017,849  
Financial result, net (669,951) (538,341) (442,972)  
INCOME BEFORE TAXES 4,430,474 11,086,769 2,574,877  
Income and social contribution taxes (1,105,203) (2,769,495) (652,126)  
NET INCOME 3,325,271 8,317,274 1,922,751  
Supplemental information:        
Net sales between segments 1,023,664 (1,186,719) (1,149,618)  
Depreciation/amortization 1,459,472 1,323,598 1,135,294  
Investments in associates and joint ventures     10,186  
Total assets 25,664,151 24,835,717 21,099,735  
Total liabilities 8,801,615 8,105,443 7,469,541  
Operating Segments | North America Operation        
Segment reporting as per business segments        
Net sales 31,098,937 27,838,000 17,458,318  
Cost of sales (22,694,132) (22,416,578) (16,212,757)  
GROSS PROFIT 8,404,805 5,421,422 1,245,561  
Selling, general and administrative expenses (628,881) (639,370) (476,518)  
Other operating income (expenses) (14,902) 42,141 97,751  
Impairment of non-financial assets     (342,355)  
Impairment of financial assets (3,219) (7,668) (36,286)  
Equity in earnings of unconsolidated companies 884,437 279,948 23,512  
INCOME BEFORE FINANCIAL INCOME (EXPENSES) AND TAXES 8,642,240 5,096,473 511,665  
Financial result, net 72,145 (156,437) (206,405)  
INCOME BEFORE TAXES 8,714,385 4,940,036 305,260  
Income and social contribution taxes (1,848,548) (1,092,146) (178,447)  
NET INCOME 6,865,837 3,847,890 126,813  
Supplemental information:        
Net sales between segments 92,927 (70,904) (60,370)  
Depreciation/amortization 612,784 627,483 777,369  
Investments in associates and joint ventures 2,428,237 1,871,274 908,338  
Total assets 21,767,488 22,096,314 18,583,439  
Total liabilities 3,843,178 4,603,424 5,261,820  
Operating Segments | South America Operation        
Segment reporting as per business segments        
Net sales 7,179,691 6,856,766 3,831,406  
Cost of sales (5,532,144) (5,332,853) (3,015,189)  
GROSS PROFIT 1,647,547 1,523,913 816,217  
Selling, general and administrative expenses (154,782) (157,912) (116,479)  
Other operating income (expenses) 8,291 27,514 16,684  
Impairment of financial assets (81) (1,073) (2,436)  
Equity in earnings of unconsolidated companies 277,108 268,291 99,341  
INCOME BEFORE FINANCIAL INCOME (EXPENSES) AND TAXES 1,778,083 1,660,733 813,327  
Financial result, net (819,625) (314,473) (60,787)  
INCOME BEFORE TAXES 958,458 1,346,260 752,540  
Income and social contribution taxes (295,603) (377,286) (195,440)  
NET INCOME 662,855 968,974 557,100  
Supplemental information:        
Net sales between segments 8,797 (16,297) (41)  
Depreciation/amortization 232,010 213,001 142,143  
Investments in associates and joint ventures 1,060,770 1,071,333 976,046  
Total assets 7,488,279 7,113,706 5,448,922  
Total liabilities 2,668,313 2,376,176 1,360,098  
Operating Segments | Special Steel Operation        
Segment reporting as per business segments        
Net sales 13,626,418 10,980,191 6,096,471  
Cost of sales (11,185,898) (9,427,221) (5,794,666)  
GROSS PROFIT 2,440,520 1,552,970 301,805  
Selling, general and administrative expenses (266,148) (233,348) (179,822)  
Other operating income (expenses) 12,854 71,287 55,097  
Impairment of non-financial assets     (69,570)  
Impairment of financial assets 2,953 1,275 (2,233)  
Equity in earnings of unconsolidated companies 9,243 28,831 8,899  
INCOME BEFORE FINANCIAL INCOME (EXPENSES) AND TAXES 2,199,422 1,421,015 114,176  
Financial result, net (270,552) (238,249) (215,433)  
INCOME BEFORE TAXES 1,928,870 1,182,766 (101,257)  
Income and social contribution taxes (483,480) (287,292) 13,229  
NET INCOME 1,445,390 895,474 (88,028)  
Supplemental information:        
Net sales between segments 136,719 (74,714) (114,328)  
Depreciation/amortization 554,707 487,114 444,298  
Investments in associates and joint ventures 256,813 251,668 231,152  
Total assets 13,193,959 13,658,147 11,233,676  
Total liabilities 2,601,359 2,801,071 1,994,575  
Eliminations and Adjustments        
Segment reporting as per business segments        
Net sales (2,463,972) (2,087,596) (1,324,357)  
Cost of sales 2,834,081 2,145,071 1,318,501  
GROSS PROFIT 370,109 57,475 (5,856)  
Selling, general and administrative expenses (318,001) (293,379) (195,547)  
Other operating income (expenses) (1,184) 241,140 916,667  
Eletrobras compulsory loan recovery   1,391,280    
Results in operations with subsidiary and joint ventures   (162,913)    
Impairment of financial assets (680)      
Equity in earnings of unconsolidated companies (18,961) (13,912) 22,104  
INCOME BEFORE FINANCIAL INCOME (EXPENSES) AND TAXES 31,283 1,219,691 737,368  
Financial result, net (204,443) 497,046 (773,110)  
INCOME BEFORE TAXES (173,160) 1,716,737 (35,742)  
Income and social contribution taxes (646,641) (187,411) (94,840)  
NET INCOME (819,801) 1,529,326 (130,582)  
Supplemental information:        
Net sales between segments 1,201,865 (738,962)    
Depreciation/amortization 7,726 7,365    
Investments in associates and joint ventures 150,698 146,500 145,907  
Total assets 5,684,775 6,110,729 6,757,237  
Total liabilities R$ 9,585,994 R$ 13,112,850 R$ 15,951,765