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23. SHAREHOLDERS' EQUITY (Tables)
12 Months Ended
Dec. 31, 2020
Disclosure of classes of share capital [abstract]  
Schedule of ownership structure

As of December 31, 2020, the Company’s ownership structure was as follows :

 

            12/31/2020           12/31/2019
    Number of common shares   % of total shares   % of voting capital   Number of common shares   % of total shares   % of voting capital
Vicunha Aços S.A. (*)   679,522,254   48.97%   49.24%   679,522,254   48.97%   49.24%
Rio Iaco Participações S.A. (*)   58,193,503   4.19%   4.22%   58,193,503   4.19%   4.22%
NYSE (ADRs)   248,763,533   17.93%   18.02%   262,206,103   18.90%   19.00%
Other shareholders   393,635,257   28.37%   28.52%   380,192,687   27.40%   27.55%
Outstanding shares    1,380,114,547   99.47%   100.00%    1,380,114,547   99.47%   100.00%
Treasury shares   7,409,500   0.53%       7,409,500   0.53%    
Total shares    1,387,524,047   100.00%        1,387,524,047   100.00%    

(*) Controlling group companies.

Schedule of share buyback programs

As of December 31, 2020, the position of treasury shares was as follows:

 

Program   Board’s Authorization   Authorized quantity   Program period   Average buyback price   Minimum and maximum buyback price   Sale of shares   Balance in treasury
    04/20/2018      30,391,000   From 4/20/2018 to 4/30/2018   Not applicable   Not applicable          22,981,500       7,409,500
Schedule of position of treasury shares

As of December 31, 2020, the position of treasury shares was as follows:

 

Quantity purchased (in units)   Amount paid for the shares   Share price   Share market price as of  12/31/2020 (*)
     
    Minimum   Maximum   Average  
                7,409,500   R$ 58,264    R$       4.48    R$ 10.07    R$           7.86   R$ 235,993

(*) The average share price on December 31, 2020 was used in the amount of R$31.85 per share.

Schedule of basic earnings (loss) per share

The earnings per share are shown below:

 

  12/31/2020   12/31/2019   12/31/2018
  Common Shares    
Profit for the year  3,794,295    1,789,067     5,074,136
Weighted average number of shares 1,380,114,547   1,380,114,547    1,373,250,595
Basic and diluted earnings (loss) per share  2.74926    1.29632     3.69498