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INVENTORIES (Tables)
 12 Months Ended
Dec. 31, 2021
Schedule of inventory

 

      Consolidated
  12/31/2021   12/31/2020
Finished goods 4,457,842   1,627,676
Work in progress 2,710,149   1,358,905
Raw materials 3,638,952   1,289,653
Storeroom supplies  770,296   928,158
Advances to suppliers 121,519   69,536
Provision for losses             (98,730)             (109,038)
        11,600,028           5,164,890
       
Classified:      
Current 10,943,835   4,817,586
Non-current (1) 656,193   347,304
 Inventoy, net       11,600,028           5,164,890
1.Long-term iron ore inventories that will be used after the construction of the processing plant, which will produce pellet feed, In 2020, the Company defined the construction project for the new plant for processing Itabirito, which until then was considered as waste, and started to be incorporated into the long-term ore inventory.
Schedule of provision for inventory losses

The changes in estimated losses on inventories are as follows:

 

        Consolidated
    12/31/2021   12/31/2020
Opening balance         (109,038)         (134,553)
(Estimated losses) / Reversal of inventories with low turnover and obsolescence            10,308            25,515
Closing balance           (98,730)         (109,038)