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SHAREHOLDERS’ EQUITY (Tables)
12 Months Ended
Dec. 31, 2023
Notes and other explanatory information [abstract]  
Schedule of ownership structure
                       
            12/31/2023           12/31/2022
    Number of common shares   % of total shares   % of voting capital   Number of common shares   % of total shares   % of voting capital
Vicunha Aços S.A. (*)   543,617,803   40.99%   40.99%   679,522,254   51.24%   51.24%
Rio Iaco Participações S.A. (*)   45,706,242   3.45%   3.45%   45,706,242   3.45%   3.45%
CFL Ana Participações S.A. (*)   135,904,451   10.25%   10.25%   0   0.00%   0.00%
NYSE (ADRs)   273,702,845   20.64%   20.64%   254,520,040   19.19%   19.19%
Other shareholders   327,162,606   24.67%   24.67%   346,345,411   26.12%   26.12%
Outstanding shares      1,326,093,947   100.00%   100.00%      1,326,093,947   100.00%   100.00%

(*)Controlling group companies.
Schedule of treasury shares
                                   
Program   Board’s Authorization   Authorized quantity   Program period   Average buyback price   Minimum and maximum buyback price   Number bought back   Share cancelation   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
  06/21/2021    24,154,500   From 06/22/2021 to 12/22/2021   R$ 21.82   R$20.06 and R$23.22    24,082,000           31,491,500
  6/12/2021    30,000,000   From 12/07/2021 to 6/30/2022   R$ 25.00   R$17.20 and R$26.76    29,938,600           61,430,100
  05/18/2022           Not applicable   Not applicable       61,430,100        
  05/18/2022    58,000,000   From 05/19/2022 to 05/18/2023                        
Schedule of earning per share
           
  12/31/2023   12/31/2022   12/31/2021
  Common Shares
(Loss)/profit for the year  (318,206)     1,554,060   12,258,628
Weighted average number of shares   1,326,093,947     1,327,028,614     1,376,362,149
Basic and diluted (loss)/earnings per share  (0.23996)     1.17108     8.90654