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12. BORROWINGS, FINANCING AND DEBENTURES (Tables)

12 Months Ended

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