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12. BORROWINGS, FINANCING AND DEBENTURES (Tables) | 12 Months Ended
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Dec. 31, 2018
Borrowings Financing And Debentures Tables Abstract |
Borrowings, financing and debentures |
|  |  |  |  | Consolidated
|  |  | Current liabilities |  | Non-current liabilities
|  |  | 12/31/2018 |  | 12/31/2017 |  | 12/31/2018 |  | 12/31/2017
Debt agreements in the international market |  |  |  |  |  |  |  |  |
Variable interest in: |  |  |  |  |  |  |  |  |
US$ |  |  |  |  |  |  |  |  |
Prepayment | (1) |  | 1,016,737 |  | 791,163 |  | 3,830,240 |  | 4,097,509
Fixed interest in: |  |  |  |  |  |  |  |  |
US$ |  |  |  |  |  |  |  |  |
Bonds, Perpetual Bonds and ACC | (2) |  | 2,490,178 |  | 523,509 |  | 8,613,491 |  | 8,920,342
Intercompany |  |  |  |  |  |  |  |  |
EUR |  |  |  |  |  |  |  |  |
Others |  |  | 181,056 |  | 251,630 |  | 106,535 |  | 197,131
|  |  | 3,687,971 |  | 1,566,302 |  | 12,550,266 |  | 13,214,982
Debt agreements in Brazil |  |  |  |  |  |  |  |  |
Securities with variable interest in: |  |  |  |  |  |  |  |  |
R$ |  |  |  |  |  |  |  |  |
BNDES/FINAME, Debentures, NCE e CCB | (3) |  | 1,890,450 |  | 4,982,159 |  | 10,710,678 |  | 9,702,972
Securities with fixed interest in: |  |  |  |  |  |  |  |  |
R$ |  |  |  |  |  |  |  |  |
Prepayment |  |  | 103,376 |  | 3,303 |  |  |  | 100,000
|  |  | 1,993,826 |  | 4,985,462 |  | 10,710,678 |  | 9,802,972
Total Borrowings and Financing |  |  | 5,681,797 |  | 6,551,764 |  | 23,260,944 |  | 23,017,954
Transaction Costs and Issue Premiums |  |  | (28,358) |  | (24,862) |  | (87,309) |  | (34,012)
Total Borrowings and Financing + Transaction Costs |  |  | 5,653,439 |  | 6,526,902 |  | 23,173,635 |  | 22,983,942
Average interest rate |
|  | Consolidated
|  |  |  | 12/31/2018
|  | Average interest rate (*) |  | Total debt
US$ |  | 5.88% |  | 15,950,646
R$ |  | 8.19% |  | 12,704,504
EUR |  | 3.88% |  | 287,591
|  |  |  | 28,942,741
Maturities of borrowings, financing and debentures |
|  |  |  |  |  |  |  | Consolidated |
|  |  |  |  |  |  |  | 12/31/2018 |
|  |  |  |  |  |  |  | Principal |
|  | Bank loans |  | Capital markets |  | Development agencies |  | Total |
2020 |  | 3,187,269 |  | 3,499,177 |  | 66,892 |  | 6,753,338 |
2021 |  | 3,263,810 |  | 116,003 |  | 59,455 |  | 3,439,268 |
2022 |  | 3,087,732 |  | 36,667 |  | 58,154 |  | 3,182,553 |
2023 |  | 2,669,211 |  | 1,356,180 |  | 56,985 |  | 4,082,376 |
2024 |  | 1,276,001 |  |  |  | 67,734 |  | 1,343,735 |
After 2024 |  |  |  |  |  | 584,874 |  | 584,874 |
Perpetual bonds |  |  |  | 3,874,800 |  |  |  | 3,874,800 |
|  | 13,484,023 |  | 8,882,827 |  | 894,094 |  | 23,260,944 |
New funding transactions and amortization |
|  |  |  | Consolidated
|  | 12/31/2018 |  | 12/31/2017
Opening balance |  | 29,510,844 |  | 30,441,018
Funding raised |  | 2,154,471 |  | 538,771
Principal repayments |  | (5,019,978) |  | (1,528,023)
Payments of charges |  | (2,141,710) |  | (2,634,931)
Provision of charges |  | 2,009,688 |  | 2,438,555
Write-off – sale of subsidiary LLC |  | (10,544) |  |
Others (1) |  | 2,324,303 |  | 255,454
Closing balance |  | 28,827,074 |  | 29,510,844
Group captures and amortized loans |
nature |  | Raised |  | Amortization of principal |  | Amortization of charges
Prepayment |  |  |  | 849,654 |  | 280,923
Bonds, Bonds Perpétuos and ACC |  | 1,749,099 |  | 1,632,464 |  | 675,370
BNDES/FINAME, Debêntures, NCE and CCB |  | 10,792 |  | 1,948,014 |  | 1,173,380
Others |  | 394,580 |  | 589,846 |  | 12,037
|  | 2,154,471 |  | 5,019,978 |  | 2,141,710
Borrowings, financing and debentures amortization |
| Currency |  | Maturities |  | Borrowings | Tax foreclosure | Others | Total
|  |  |  |  | 12/31/2018 |  | 12/31/2017 |  | 12/31/2018 |  | 12/31/2017 |  | 12/31/2018 |  | 12/31/2017 |  | 12/31/2018 |  | 12/31/2017
Transnordestina Logísitca | R$ |  | Until 09/19/2056 and Indefinite |  | 2,108,917 |  | 2,541,347 |  | 35,336 |  | 22,214 |  | 8,231 |  | 3,866 |  | 2,152,484 |  | 2,567,427
FTL - Ferrovia Transnordestina | R$ |  | 11/15/2020 |  | 62,407 |  | 69,405 |  |  |  |  |  |  |  |  |  | 62,407 |  | 69,405
Sepetiba Tecon |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 36,308 |  |  |  | 36,308
Cia Metalurgica Prada | R$ |  | Indefinite |  |  |  |  |  | 333 |  | 333 |  | 11,942 |  | 18,540 |  | 12,275 |  | 18,873
CSN Energia | R$ |  | Until 11/26/2023 and Indefinite |  |  |  |  |  | 2,829 |  | 2,829 |  | 1,920 |  |  |  | 4,749 |  | 2,829
CSN Mineração | R$ |  | Until 12/26/2024 |  | 1,407,363 |  | 2,000,000 |  |  |  |  |  |  |  |  |  | 1,407,363 |  | 2,000,000
Estanho de Rondônia | R$ |  | 07/15/2022 |  | 3,153 |  | 3,153 |  |  |  |  |  |  |  |  |  | 3,153 |  | 3,153
Minérios Nacional S.A. | R$ |  | Until 09/10/2021 |  | 7,305 |  |  |  |  |  |  |  |  |  |  |  | 7,305 |  | -
Total in R$ |  |  |  |  | 3,589,145 |  | 4,613,905 |  | 38,498 |  | 25,376 |  | 22,093 |  | 58,714 |  | 3,649,736 |  | 4,697,995
CSN Islands XI | US$ |  | 09/21/2019 |  | 547,094 |  | 750,000 |  |  |  |  |  |  |  |  |  | 547,094 |  | 750,000
CSN Islands XII | US$ |  | Perpetual |  | 1,000,000 |  | 1,000,000 |  |  |  |  |  |  |  |  |  | 1,000,000 |  | 1,000,000
CSN Resources | US$ |  | Until 02/13/2023 |  | 1,402,906 |  | 1,200,000 |  |  |  |  |  |  |  |  |  | 1,402,906 |  | 1,200,000
Total in US$ |  |  |  |  | 2,950,000 |  | 2,950,000 |  |  |  |  |  |  |  |  |  | 2,950,000 |  | 2,950,000
CSN Steel S.L. | EUR |  | 1/31/2020 |  | 48,000 |  | 120,000 |  |  |  |  |  |  |  |  |  | 48,000 |  | 120,000
Lusosider Aços Planos | EUR |  | Indefinite |  | 75,000 |  | 25,000 |  |  |  |  |  |  |  |  |  | 75,000 |  | 25,000
Total in EUR |  |  |  |  | 123,000 |  | 145,000 |  |  |  |  |  |  |  |  |  | 123,000 |  | 145,000
Total in R$ |  |  |  |  | 11,976,657 |  | 10,334,149 |  |  |  |  |  |  |  |  |  | 11,976,657 |  | 10,334,149
|  |  |  |  | 15,565,802 |  | 14,948,054 |  | 38,498 |  | 25,376 |  | 22,093 |  | 58,714 |  | 15,626,393 |  | 15,032,144

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