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INVENTORIES (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Notes and other explanatory information [abstract] |
Schedule of inventories |
Schedule of inventories |  |  |
|  |  | Consolidated
| 12/31/2023 |  | 12/31/2022
Finished goods | 3,856,491 |  | 4,421,166
Work in progress | 3,316,396 |  | 3,501,145
Raw materials | 2,607,079 |  | 3,297,213
Storeroom supplies | 1,225,963 |  | 1,174,244
Advances to suppliers | 85,623 |  | 37,619
Provision for losses | (121,871) |  | (96,493)
| 10,969,681 |  | 12,334,894
Classified: |  |  |
Current | 9,557,578 |  | 11,289,229
Non-current (1) | 1,412,103 |  | 1,045,665
| 10,969,681 |  | 12,334,894
| (1) | Long-term iron ore inventories that will be used after the construction of the processing plant, which will produce pellet feed.
Schedule of changes in expected losses on inventories |
Schedule of changes in expected losses on inventories |  |  |  |
|  |  |  | Consolidated
|  | 12/31/2023 |  | 12/31/2022
Opening balance |  | (96,493) |  | (98,730)
Reversal/(Estimated losses) of inventories with low turnover and obsolescence | (25,378) |  | 3,621
Consolidation in the acquisition of companies |  |  |  | (1,384)
Closing balance |  | (121,871) |  | (96,493)

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