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Note 26 - Derivative financial instruments (Tables) | 12 Months Ended
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Dec. 31, 2023
III. FINANCIAL RISK MANAGEMENT |
Disclosure of detailed information about derivative financial instruments [text block] |
| Year ended December 31, |
| 2023 |  |  | 2022 |
Derivatives hedging borrowings and investments | - |  |  | 6,480 |
Other derivatives | 9,801 |  |  | 24,325 |
Contracts with positive fair values | 9,801 |  |  | 30,805 |
Other derivatives | (11,150 | ) |  | (7,127 | )
Contracts with negative fair values | (11,150 | ) |  | (7,127 | )
Total | (1,349 | ) |  | 23,678 |
Disclosure of detailed information about hedged items [text block] |
Purchase currency | Sell currency | Term | Fair Value |  |  | Hedge Accounting Reserve |
2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
MXN | USD | 2024 | - |  |  | 6,571 |  |  | - |  |  | (67 | )
USD | MXN | 2024 | (2,125 | ) |  | - |  |  | - |  |  | - |
EUR | USD | 2024 | 5,557 |  |  | 1,866 |  |  | 624 |  |  | (2,786 | )
USD | EUR | 2024 / 2025 | (2,966 | ) |  | 20,783 |  |  | 7,142 |  |  | 23,935 |
USD | BRL | 2024 | (1,009 | ) |  | (2,490 | ) |  | - |  |  | - |
USD | KWD | 2024 | (50 | ) |  | (129 | ) |  | (388 | ) |  | - |
USD | CAD | 2024 | (836 | ) |  | 404 |  |  | - |  |  | - |
USD | GBP | 2024 | (51 | ) |  | (11 | ) |  | - |  |  | - |
USD | CNY | 2024 | (335 | ) |  | (242 | ) |  | 501 |  |  | - |
RON | USD | 2024 | 261 |  |  | 50 |  |  | - |  |  | - |
BRL | USD | 2024 | 49 |  |  | 223 |  |  | 49 |  |  | - |
Others |  | 2024 | (49 | ) |  | 13 |  |  | - |  |  | 3 |
Total |  |  | (1,554 | ) |  | 27,038 |  |  | 7,928 |  |  | 21,085 |
Commodity Derivatives | Term | Fair Value |  |  | Hedge Accounting Reserve |
2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Houston Ship Channel Gas | 2024 | (231 | ) |  | (814 | ) |  | (231 | ) |  | (814 | )
LME Scrap | 2024 | 1,376 |  |  | 29 |  |  | 1,376 |  |  | (3,148 | )
Iron Ore | 2024 | - |  |  | 12 |  |  | - |  |  | (1,274 | )
Electric Energy | 2024 | (340 | ) |  | (519 | ) |  | (340 | ) |  | (519 | )
TTF Gas | 2024 | - |  |  | (2,068 | ) |  | - |  |  | (2,207 | )
PSV Gas | 2024 | (2,566 | ) |  | - |  |  | (2,566 | ) |  | - |
Nickel | 2024 | 1,966 |  |  | - |  |  | 1,966 |  |  | - |
Total |  | 205 |  |  | (3,360 | ) |  | 205 |  |  | (7,963 | )
Disclosure of detailed information of the hedge reserve evolution [text block] |
| Equity Reserve Dec-2021 |  |  | Movements 2022 |  |  | Equity Reserve Dec-2022 |  |  | Movements 2023 |  |  | Equity Reserve Dec-2023 |
Foreign Exchange & Commodities | 1,259 |  |  | 11,863 |  |  | 13,122 |  |  | (4,989 | ) |  | 8,133 |
Total Cash flow Hedge | 1,259 |  |  | 11,863 |  |  | 13,122 |  |  | (4,989 | ) |  | 8,133 |

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