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31. COMMITMENTS (Tables)

12 Months Ended

Dec. 31, 2020

Commitments

Schedule of take-or-pay contracts

As of December 31, 2020 and 2019, the Company was a party to take-or-pay contracts as shown in the following table:

		Payments in the period
Type of service		2019		2020		2021		2022		2023		After 2023		Total

Transportation of iron ore, coal, coke, steel products, cement and mining products.		1,555,398		946,865		1,195,158		1,195,508		1,195,508		3,476,220		7,062,394
Supply of power, natural gas, oxygen, nitrogen, argon and iron ore pellets.		959,362		1,044,380		674,378		28,530		24,779		191,284		918,971
Processing of slag generated during pig iron and steel production.		56,024		75,863		13,240		9,298		2,652		0		25,190
Manufacturing, repair, recovery and production of ingot casting machine units.		5,930		7,674		480		-		-		-		480
Oil Storage and Handling		-		1,900		1,608		1,608		1,608		402		5,226
Labor and consultancy services		27,002		32,279		28,428		27,380		27,380		191,657		274,845
		2,603,716		2,108,961		1,913,292		1,262,324		1,251,927		3,859,563		8,287,106